Charities: Research:Written question - 75291

Asked by Chi Onwurah
(Newcastle upon Tyne Central)

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: 16 July 2020
Department for Business, Energy and Industrial Strategy
Charities: Research
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to provide financial support to the charity-funded research sector during the covid-19 outbreak.
Answered by: Amanda Solloway
Answered on: 21 July 2020

On 27th June, we announced a major package of support for universities to help them continue research and innovation activities being impacted by Covid-19. This will aim to support the University research base as a whole. From the Autumn, Government will provide a package consisting of low-interest loans with long pay-back periods, supplemented by a small amount of government grants, to cover up to 80% of a university’s income losses from international students for the academic year 20/21, up to the value of their non-publicly funded research activity, including from charities.

Universities will be asked to demonstrate how these funds are being utilised to sustain research in areas typically funded by charities and business, for example to protect areas of medical research that have been developed in part with support of charities. We continue to engage with the sector as the details of the package are developed.

Charities will also benefit from the £750 million package announced in April to ensure Voluntary, Community and social Enterprises, including medical research charities, can continue their vital work supporting the country during the coronavirus outbreak. Charities also had access to the Coronavirus Job Retention Scheme, will pay no business rates for their shops next year and can get a Business Interruption Loan.

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