Innovate UK
The question
To ask the Secretary of State for Business and Trade, what steps he has taken to encourage collaboration between business and universities to increase economic growth.
Answered by Sarah Jones
The Government encourages university-business collaboration through a range of incentives, funding and knowledge exchange. The Higher Education Innovation Fund, managed through Research England, providing £280m annually for knowledge exchange, including £20m specifically for business and commercialisation activity.
The Government has also established Skills England, which is tasked with identifying and articulating the skills needed while working with other actors in the skills system to ensure provision is aligned with our industrial strategy. We are building a flexible and high-quality system that breaks down the barriers to opportunity and drives growth.
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