Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many firms have received funding through the Small Business Research Initiative to (a) test an idea and (b) develop a prototype in each year since that body was established.
We do not currently hold data on individual firms. However, we do hold information on the number of contracts awarded under the scheme.
Firms are awarded Small Business Research Initiative (SBRI) funding through contracts on a competitive basis in two phases:
(i) Phase 1, which typically provides up to £100,000 for companies to test the feasibility of their ideas;
(ii) Phase 2, which typically provides up to £1,000,000 for companies to develop a prototype or demonstrator.
The details of Phase 1 and Phase 2 SBRI contracts awarded are below:
On 21 November, my right hon. Friend the Prime Minister announced that she had asked David Connell from the Centre for Business Research at the Cambridge Judge Business School to review the Small Business Research Initiative.
The review is examining how we can maximise the impact of the SBRI programme to improve procurement outcomes for government, support and stimulate innovation by SMEs.
The review will report in spring this year.