Research: Foreign Investment in UK

(asked on 7th February 2023) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what steps her Department is taking help attract international (a) investment and (b) partnerships to research and development facilities outside the UK's largest universities.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 21st February 2023

The Government commitment to invest in R&D makes the UK a globally competitive destination for investment and partnerships. Funding programmes which anchor investment in the UK are open to international investors and partners.

An example is Research Partnership Investment Fund which supports investment in higher education facilities across the UK. Universities must attract a further £2 from non-public sources for every £1 invested by the fund. Funded projects go on to attract wider investment and partnerships as they develop to enrich the UK science and research system.

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