Question to the Department for Science, Innovation & Technology:
To ask His Majesty's Government what proportion of the spending of the Department for Science, Innovation and Technology is allocated to UK-headquartered firms, and what proportion of its spending is allocated towards US-headquartered firms.
The Department for Science, Innovation and Technology's (DSIT) largest channel of support to businesses is delivered through UK Research and Innovation (UKRI). UKRI will deliver £38.6 billion of R&D investment over the next four years, including £7 billion to support innovative company growth, the majority of which we expect will go towards UK-headquartered firms.
DSIT and UKRI categorise investments by the location of where activity is performed in the UK, not company ownership. The department does not hold data in the format requested on whether a recipient of funding or wider spending is a UK or US-headquartered firm. Most US firms operating in the UK do so via UK subsidiaries and therefore have UK registered addresses in our payments system.
DSIT will shortly be publishing a stretching target and action plan for our procurement spending with small and medium enterprises, most of which will be UK-based.