Manufacturing Industries: Finance
The question
To ask the Secretary of State for Science, Innovation and Technology, what steps are being taken to ensure that small and medium-sized manufacturers located in (i) Buckinghamshire and (ii) Milton Keynes can access innovation funding.
Answered by Kanishka Narayan
The government is committed to supporting innovative SMEs and delivers innovation funding through Innovate UK.
Since 2020/21, SMEs in Buckinghamshire and Milton Keynes have received over £43 million across more than 200 Innovate UK-funded projects.
Innovate UK works with local authorities on innovation initiatives such as MK Tech Week 2025 and Innovate Local Buckinghamshire 2024. Regional Catapults, including the Satellite Applications Catapult at Westcott and the Connected Places Catapult in Milton Keynes, support SMEs to develop advanced technologies, whilst Innovate UK’s Talent & Skills Connect strengthens workforce pipelines. Innovate UK Business Growth and Innovate UK Business Connect provide embedded local support for innovative SMEs.
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