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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to assist businesses to grow; and how much funding his Department has allocated to financing business accelerators.

The Government seeks to make the UK the best place in the world to start and grow a business, creating a supportive environment that gives businesses the stability and confidence they need to invest and grow.

The Hon. Member will be aware that York University recently joined the Northern Accelerator partnership, which supports academics to turn their world-leading research into investible businesses. This initiative is supported by Research England’s Connecting Capability Fund. Because funding for this and other business accelerators is provided through a range of programmes and partner organisations, an overall total is not available.