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Science: Finance

Volume 467: debated on Thursday 15 November 2007

To ask the Secretary of State for Innovation, Universities and Skills what his plans are for public funding for science and innovation; and if he will make a statement. (164254)

Public funding for science and innovation continues to rise. The science budget will increase from £3.4 billion in 2007/08 to just under £4 billion by 2010/11. On innovation, the Technology Strategy Board will develop and lead a strategic programme with its partners worth £1 billion over the next three years. This includes £180 million earmarked by the English Regional Development Agencies and £120 million by the Research Councils, to work in partnership with the Technology Strategy Board, to provide a coherent package of technology and innovation support that is aligned to maximise impact.