Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will provide additional information on the 1,200 firms not currently in receipt of Innovate UK funding, who are eligible for the support package for research and development intensive small and medium size firms announced by the Government on 20 April 2020.
Further details on the £750m package of support for R&D intensive small and medium sized firms, to be delivered through Innovate UK, are now available on their website https://www.gov.uk/government/publications/access-coronovirus-business-innovation-support-package
This includes guidelines on eligibility requirements and the full scope of competitions. In building this package Innovate UK, part of UK Research and Innovation, worked closely with BEIS and HMT to identify those organisations that it could offer effective support to, that would have struggled to access the wider packages of support my Rt. Hon. Friend Mr Chancellor of the Exchequer had already announced. As part of the exercise Innovate UK will be funding projects that have not previously had Innovate UK funding. This will be subject to a competitive process and will initially aim to fund around 1200 companies.
Innovate UK transparency data is published on a monthly basis on the Gov.uk website and includes information on all funded projects. Additionally information on projects can be found online at Gateway to Research.