Research: Finance

(asked on 22nd February 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the allocations of funding to the Strength in Places Fund of £82 million in 2020-21 and £69 million in 2021-22, whether his Department has plans to reduce that allocation further in 2022-23.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 2nd March 2022

We are investing £200 million over the next three years in 12 Strength in Places projects to develop R&D capacity and support local growth across the UK. The Department is currently working to set detailed R&D budgets through to 2024/25. Further details about how the funding is allocated across the Spending Review period will be announced in due course.

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