Business and Universities
The question
To ask the Secretary of State for Science, Innovation and Technology, with reference to the State of the relationship report 2024, published by the National Centre for Universities and Business on 5 December 2024, what steps he is taking to increase the number of interactions between businesses and universities.
Answered by Feryal Clark
The Government incentivises university-business interactions through funding for UKRI programmes. Higher Education Innovation Funding (HEIF), provided through Research England is the largest source of knowledge exchange funding to English universities, providing £280 million annually to support engagement with a range of partners, including businesses. HEIF includes a £20 million contribution specifically for university-business collaboration and commercialisation. Innovate UK’s Knowledge Transfer Partnerships (KTPs)programme links businesses with technical experts in UK universities. Currently, around 800 businesses, 100 knowledge bases (universities and other research organisations) and over 800 graduates are involved in KTPs.
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