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University Spin-off Companies

Volume 451: debated on Wednesday 8 November 2006

To ask the Chancellor of the Exchequer what estimate he has made of the number of university spin-off companies that have been formed since he announced the removal of tax barriers to the formation of such companies on 2 December 2004. (99608)

No estimates have been made of the number of university spin-off or spinout companies formed since the changes made by the Finance Act 2005.

The Higher Education Funding Council for England conducts annual surveys of higher education-business and community interaction. The reports on the surveys provide information on research activity in higher education institutions and these are produced on their website at www.hefce.ac.uk. In addition, the University and Companies Association (UNICO) also conducts and publishes annual surveys on university commercialisation activities. More details are available through the UNICO website at www.unico.org.uk.