Innovation and Research: EU Countries
The question
To ask the Secretary of State for Science, Innovation and Technology, what estimate he has made of the economic benefit to the United Kingdom of increased participation in European research, development and innovation partnerships.
Answered by Kanishka Narayan
The UK has strong partnerships in European research, development and innovation, including through programmes such as Horizon Europe and Copernicus, which directly support economic growth through job creation and enables researchers and businesses to access collaborative funding, cutting-edge infrastructure and world-leading networks. In 2024, UK applicants received €994 million in funding from Horizon Europe, which aims to create 300,000 new jobs across Europe by 2040. We also estimate that for every £1 public spend on R&D it generates £8 of economic benefit to the UK in the long term.
We continue to pursue partnerships that maximise economic benefit for the UK.
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