Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what recent discussions she has had with the university sector on research and development in universities; and what support her Department provides to help progress the commercialisation of research and development outcomes.
Recent engagement between the Department and university sector has focused on improving the sustainability of university research, improving the Research Excellence Framework, strengthening research and innovation partnerships and implementing recommendations from the 2023 spin-out review to accelerate commercialisation.
The Department supports commercialisation with significant investment, including through the £280 million a year Higher Education Innovation Fund. Additional proof-of-concept funding of £40 million over five years helps researchers translate ideas into high-growth businesses, ensuring UK universities remain globally competitive in innovation and knowledge exchange.