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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much his Department has spent on knowledge exchange activities; and with which organisations.

The Government has committed significant funds to support knowledge exchange between universities and the wider economy and society. Through its constituent research councils and Innovate UK, UK Research Innovation (UKRI) provided £166 million in 2021/22 to support knowledge exchange and commercialisation activity.

In addition to this, Research England’s Higher Education Innovation Funding and Research England Development Fund allocated £277 million to support knowledge exchange in universities in England in the same year. Research England manages the Connecting Capabilities Fund which has allocated £125 million.