Innovation: Finance

(asked on 19th July 2023) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what discussions she has had with stakeholders on the (a) adequacy and (b) allocation of Pioneer funding strands.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 6th September 2023

The Pioneer prospectus sets out these proposals and was developed with input from researchers and businesses across the UK. Since publication, the Government has sought further input from researchers and businesses as we develop these proposals should they be needed.

The Government are clear that Pioneer would receive the same amount of funding as the UK would have paid to associate to Horizon from 2021-2027:

  • £2b Talent,
  • £3.5b Innovation
  • £3.8b Global Collaboration
  • £1.7b Infrastructure
  • Guarantee and additional support £3.6b by financial year 2027/28.


Total investment £14.6b.

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