Industry: Investment
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of (a) Bournemouth University, (b) Health Sciences University and (c) other higher education institutions on the delivery of the Industrial Strategy.
Answered by Sarah Jones
The UK has some of the best universities in the world - four in the top ten – and according to research by Global University Venturing, in 2022 was second only to the US in total investment into university spin-outs. The Government recognises the contribution that Bournemouth University, Health Sciences University and other institutions make to higher education and their unique and critical role as engines for innovation and for meeting the skills needs of our growth-driving sectors and places where they concentrate. We will continue to support our universities including through Higher Education Innovation Funding, worth £280 million in 2024-2025, and as part of our broader record public investment in R&D of more than £86 billion over the Spending Review period.
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