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New Businesses: Finance

Asked by Dame Chi OnwurahLabourDepartment for Science, Innovation and TechnologyTabled Answered 8 November 2024UIN 11883

The question

To ask the Secretary of State for Science, Innovation and Technology, with reference to paragraph 3.70 of the Autumn Budget 2024, HC 295, published on 30 October 2024, what funding his Department has allocated to extend the Innovation Accelerators programme.

Answered by Feryal Clark

The Government will extend the Innovation Accelerators pilot for a year to continue to bolster high-potential innovation clusters in the Glasgow City Region, Greater Manchester and the West Midlands. We will announce further details on the allocation of the R&D budget in due course.

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