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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 26 July 2022 to Question 38656, whether the Total Award by Innovate UK and Award to Academic Institutions will recover to similar sums spent in the years (a) 2017, (b) 2018, (c) 2019 and (d) 2020 during this current award year.

UK Research and Innovation (UKRI) allocations were published on 30 May 2022, with total of £25.1 billion for 2022-25 and funding will reach its highest ever level in 2024-25 (over £8.8 billion). UKRI’s strategy sets out long-term, high-level priorities for an outstanding research and innovation system in the UK and funding will be allocated in line with this strategy. The proportion of Innovate UK funds that are awarded to academic institutions is not determined in advance, but they will continue to play an important role in delivering Innovate UK’s mission.