Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 6 July 2020 to Question 66895 on Business: Research, what proportion of the £750 million of targeted support for R&D intensive firms he plans to allocate as (a) grants and (b) loans.
Innovate UK, part of UK Research and Innovation, is investing £750 million of targeted support for the most R&D intensive small and medium size firms.
The package consists of:
The exact allocation between grants and loans will depend on need.