Research
(asked on 8th April 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to promote research and development in the UK.
This question was answered on 13th April 2016
At the Spending Review 2015 we protected the current £4.7 billion science resource funding in real terms for the rest of the Parliament and re-affirmed our long term science capital commitment of £6.9 billion between 2015-2021.
The government also continues to support business research and development investment through R&D tax credits. In 2013-14, R&D tax credits provided £1.75bn of relief to over 18,000 companies, supporting around £14.3bn of innovative investment.