Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much of the research and development funding set out in table 3.1 of the Autumn Statement 2016 will be spent in each region of the UK.
In the Autumn Statement the government announced an additional £2 billion of public spending on Research and Development by 2020-21. The additional funds will be delivered by funding bodies that operate nationwide and award funds on the basis of excellence, irrespective of where it is found. Where funding is devolved, the government will ensure that the devolved administrations receive their fair share by applying the Barnett formula in the usual way.