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Small Business Research Initiative: Northern Ireland

Asked by Mr Gregory CampbellDemocratic Unionist PartyDepartment for Science, Innovation and TechnologyTabled Answered 12 December 2024UIN 18501

The question

To ask the Secretary of State for Science, Innovation and Technology, what assessment he has made of the impact of Innovate UK’s Small Business Research Initiative on Northern Ireland in the last two years.

Answered by Feryal Clark

Innovate UK’s Small Business Research Initiative (now renamed to Contracts for Innovation) has published an evaluation demonstrating its impact, including:

  • £788m awarded through SBRI competitions between 2008 and 2022
  • Business applicants from NI made up approximately 3% of applicants
  • The benefits to the businesses awarded the funding amount to 1.5 to 4 times the cost of public sector investment

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