Research: Finance

(asked on 10th October 2016) - 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 forecast his Department has made of the change in international and EU investment in UK-based science research in the next five years.


This question was answered on 20th October 2016

The Government is determined to ensure that the UK continues to play a leading role in European and international science, research and innovation. The strengths of UK science and research draw in significant international and EU funding as evidenced by the £5.4 billion of overseas investment in UK research and development in 2014.

The Government’s commitment to supporting international collaborations is demonstrated by the introduction of the Global Challenges Research Fund which will provide £1.5 billion over the next five years to support research on global issues affecting developing countries. Our international partnerships are also supported by the Newton Fund linking UK researchers with researchers in 16 partner countries. The Government is committed to ensuring that UK remains open for business and continues to grow and thrive.

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