Research: Finance:Written question - 185082

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(Salford and Eccles)
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Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 29 October 2018
Treasury
Research: Finance
Commons
To ask the Chancellor of the Exchequer, with reference to paragraph 4.4 of Budget 2018, whether the £1.6 billion research and development funding is in addition to the research and development funding announced in table 4.1 of Autumn Budget 2017.
A
Answered by: Elizabeth Truss
Answered on: 01 November 2018

Since 2016, the government has committed an additional £7 billion from the National Productivity Investment Fund for research and development by 2021/22 – the largest increase for 40 years. Autumn Budget 2018 also provided £60m (see scorecard table 2.1) in support of nuclear fusion, quantum technologies and University Enterprise Zones. This additional funding, together with existing record increases to public R&D spending, meant that government was able to detail plans for allocating over £1.6 billion of investments in innovation and support for key technologies which will drive economic growth across the UK.

Spending breakdowns are available here:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/731507/research-innovation-funding-allocation-2017-2021.pdf

Grouped Questions: 185084

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