Manufacturing Industries: Grants
The question
To ask the Secretary of State for Science, Innovation and Technology, what proportion of national manufacturing research and development grants are allocated to SMEs.
Answered by Kanishka Narayan
The government is committed to delivering record R&D funding, and recognises the significant impact of innovative SME’s on the UK’s economic growth. The government delivers grant funding to innovative businesses through Innovate UK, which is a part of UK Research and Innovation.
Since 2023/24, 84% of Innovate UK’s manufacturing research and development grants awarded directly to businesses have been allocated to SMEs. If including the grants awarded to universities and other research partners collaborating with businesses, 58% of all of Innovate UK’s manufacturing research and development grants since 2023/24 have been allocated to SMEs.
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