Innovate UK: Grants
The question
To ask the Secretary of State for Science, Innovation and Technology, what discussions he has held with Innovate UK on their decision to close the Smart Grants Scheme.
Answered by Feryal Clark
Supporting innovative firms to flourish in the UK will be vital to delivering our Growth Mission. Innovate UK is redesigning its approach to better support these firms to scale and grow. Innovate UK has paused its Smart Grants offer so that it can work with startups and SMEs on improving this support and has invited feedback on how to do this. In Spring, it will pilot a new support package that it will evolve in partnership with businesses. An economic evaluation of the Smart Programme is being conducted to inform Innovate UK's overall strategy and its role in delivering the Industrial Strategy.
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