New Businesses: Finance
The question
To ask the Secretary of State for Science, Innovation and Technology, with reference to paragraph 4.94 of the Autumn Budget 2024, published on 30 October 2024, HC 295, how much he plans to spend over what time period on an extension of the Innovation Accelerators programme to continue to bolster high-potential innovation clusters in the Glasgow City Region, Greater Manchester and the West Midlands; and whether the programme will be extended to other places.
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.
Any future extension of the programme to other places will be subject to decisions taken through the second phase of the Spending Review.
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