Innovate UK: Grants
(asked on 26th March 2019) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of Innovate UK grant funding has been awarded to (a) SMEs and (b) large companies since 2004; and what the amount awarded has been by sector over that period.
Innovate UK (part of UK Research and Innovation) is successfully delivering significant cross-cutting programmes, such as the Industrial Strategy Challenge Fund and supporting the Industrial Strategy ambition to raise total R&D investment to 2.4% of GDP by 2027.
Innovate UK’s total funding to businesses since 2004 was £4,927,852,733.
A breakdown is provided in the table below:
Total funding to SMEs* (including non-core) | £2,181,060,497 |
Total funding to Large (including non-core) | £2,746,792,236 |
Non-core funding refers to funding given to Innovate UK by other government departments to deliver specific programmes.
Total funding to SMEs* (excluding non-core) | £1,909,487,601 |
Total funding to Large (excluding non-core) | £1,502,060,647 |
*based on “self-declared” enterprise size
Sector | Grant funding (total) |
Aerospace | £902,108,585 |
Agri-Tech | £100,604,518 |
Energy | £293,617,745 |
Healthcare | £296,251,076 |
Life Science | £31,839,677 |
Materials & Manufacturing | £43,862,354 |
Space | £20,741,617 |
Transport | £450,715,025 |
Other sectors | £2,788,112,136 |