Question to the Department for Science, Innovation & Technology:

To ask His Majesty's Government what proportion of the grants awarded by Innovate UK since 1 January 2018 have been (1) formally terminated prior to full completion, (2) suspended or places on hold due to non-performance, non-compliance, or suspected misuse of funds, and (3) subject to financial recovery or clawback proceedings; what is the total value of those grants; and what is the total number of those grants.

Innovate UK has robust processes in place for monitoring its grants and ensuring that only eligible costs are supported. It centralised the process for the suspension, withdrawal, and termination of grants from 1st April 23 to provide a consistent record for continuous improvement. Data is presented from then until 31st March 25. The value of grants paid for this period was £2.78 billion.

• Grants that were formally terminated prior to completion: 90 grants (£81.1million award value), 2.92% of total grant value.
• Suspended/placed on hold due to non-performance, non-compliance, or suspected misuse of funds: 68 grants (£106.7million award value), 3.85% of total grant value.
• After investigation, 21 of the above 158 terminated and suspended grants were found to have some amount of ineligible costs subject to cost recovery to a total of £429,487.