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Digital Technology: Grants

Asked by Neil Duncan-JordanLabourDepartment for Science, Innovation and TechnologyTabled Answered 25 November 2024UIN 14571

The question

To ask the Secretary of State for Science, Innovation and Technology, what his policy is on the future of the Digital Growth Grant after April 2025.

Answered by Feryal Clark

The DSIT settlement of £15.1 billion in 2025/26 announced at the October Budget provides the investment required to further the UK’s science and technology ambitions. DSIT is undertaking an internal allocations process to set 2025/26 budgets but until then, we cannot confirm future funding decisions. Programmes such as the SEIS/EIS schemes, R&D Tax Credits and various visa routes demonstrate the UK’s commitment to supporting tech companies in thriving in the UK. DSIT further continues to unlock investment in the tech sector, through the British Growth Partnership, the National Wealth Fund and the Pensions Review.

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