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Research and Development

Volume 681: debated on Tuesday 29 September 2020

We are making good progress in implementing the Government’s ambitious R&D road map, including by investing £236 million around the UK through the strength in places fund, setting up the innovation expert group and the place advisory group, and taking steps to reduce unnecessary bureaucracy.

I welcome the near doubling of spend on UK R&D. Will my hon. Friend outline the work that is being done to draw in the R&D centres of international companies? This will be key to the prosperity not just of East Surrey, but of the whole country.

As part of the R&D road map we are actively developing a place strategy, which will set out how we can develop and grow an R&D capability across the country. I regularly meet my noble Friend Lord Grimstone, the Minister for Investment, to discuss how we can leverage and increase foreign direct investment to benefit all regions and nations of the UK.