Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to introduce 10-year funding settlements for research institutions.

The Government has committed to setting ten-year budgets for certain R&D activities, where long-term investment will better support the ability to form partnerships with industry, build and develop skills and talent, and foster international collaborations to allow us to stay at the forefront of global innovation. Decisions on ten-year budgets will be made in due course.