Catapult Network: Finance

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to para 6.65 of the Autumn Statement, CP 751, published on 17 November 2022, whether the 35 per cent increase in funding for UK Catapults is a real terms increase;

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Timeline

1. 17 November 2022

   Written question

   To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to para 6.65 of the Autumn Statement, CP 751, published on 17 November 2022, whether the 35 per cent increase in funding for UK Catapults is a real terms increase;

   Source: Commons

2. 24 November 2022

   Answer

   The £1.6bn funding announced for the UK’s 9 Catapults on 17 November 2022 is for the Catapult’s next five-year funding cycle starting April 2023 and running until March 2028.The 35% increase for this next five-year funding cycle is the gross total increas...

   Source: Written answer

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• · Department for Business, Energy and Industrial Strategy · Answering body

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