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

To ask Her Majesty’s Government, further to the answer by Baroness Neville-Rolfe on 21 November (HL Deb, col 1727), whether the funding to support research and development will be delivered through the research councils.

In the Autumn Statement, we announced an investment of an extra £2 billion a year in R&D by the end of this Parliament. We will set out the breakdown of the funding in due course. The delivery mechanisms for this investment are currently being worked through.