Select committee: Science and Technology Committee

Financing and Scaling UK Science and Technology: Innovation, Investment, Industry

Open Opened 20 Mar 2025

Where it stands

The inquiry is open, opened 20 March 2025.

The committee has published 1 report, most recently 2nd Report - Bleeding to death: the science and technology growth emergency on 5 November 2025.

The government's response

Government response to Financing and Scaling UK S&T Inquiry Report - Bleeding to death: the science and technology growth emergency

Published 3 February 2026. The deadline was 30 January 2026.

Read the government's response ↗ Report an error

Minister of State for Science, Innovation, Research and Nuclear response to Financing and Scaling UK S&T Inquiry Report - Bleeding to death: the science and technology growth emergency

Published 3 February 2026.

Summary written by Accountability Index from the government's response. It is not the government's own words.

The government welcomes the Committee's recommendations and says it "agree[s] with many of the recommendations" in the report, while stating that "there are areas where we can go further".

  • The government says the UK "remains one of the best places to start such a company in the world", while recognising areas where it "can go further, many of them highlighted in your report".
  • It says it is "already actively developing policies" to support financing and scaling, using levers such as procurement, talent, finance and regulation.
  • The response addresses each recommendation individually and sets out "the actions we are taking", with contributions from nine government departments. The covering letter states no specific commitments or deadlines.

Read the government's response ↗ Report an error

Oral evidence sessions

14 sessions

On smaller screens, scroll horizontally to read every column. Keyboard users can focus the table region and use the arrow keys.

Date Session and witnesses Source
15 Jul 2025
Oral evidence session
The Lord Vallance of Balham KCB · Department for Science, Innovation and Technology
View ↗
9 Jul 2025
Oral evidence session
Marcus Stuttard · London Stock Exchange Group, Professor Dame Fiona Murray · MIT School of Management
View ↗
8 Jul 2025
Oral evidence session
Charlotte Deane · Engineering and Physical Sciences Research Council – UKRI, John Flint · National Wealth Fund, Tom Adeyoola · Innovate UK – UKRI
View ↗
1 Jul 2025
Oral evidence session
Ceri Smith · Department for International Trade, Louis Taylor · British Business Bank, Matt Henty · HM Treasury, The Baroness Gustafsson CBE · Department for Business and Trade
View ↗
24 Jun 2025
Oral evidence session
Dr David Cleevely CBE FREng FIET
View ↗
17 Jun 2025
Oral evidence session
Chris Vann · Autolus Therapeutics, Doug Brion · Matta, Dr Scott Steedman CBE · British Standards Institution (BSI), Lord Willetts · Regulatory Innovation Office
View ↗
11 Jun 2025
Oral evidence session
Dr Arati Prabhakar, Dr Stefanie Tompkins
View ↗
10 Jun 2025
Oral evidence session
Aftab Mathur, Darja Isaksson · Vinnova (Sweden's innovation agency), Dr Patrick P. Rose · SPRIN-D (German Federal Agency for Breakthrough Innovation), Patrick Nédellec
View ↗
3 Jun 2025
Oral evidence session
Ian Merricks, Irene Graham OBE · The ScaleUp Institute, Saul Klein OBE, Sir Jonathan Symonds CBE · GSK
View ↗
20 May 2025
Oral evidence session
Sir John Kingman · Legal and General Group Plc, Sir John Lazar · The Royal Academy of Engineering
View ↗
13 May 2025
Oral evidence session
Dr David Connell, Rt Hon Greg Clark · Industrial Strategy Advisory Council, The Lord O'Donnell KG GCB
View ↗
22 Apr 2025
Oral evidence session
Sir John Bell · Ellison Institute of Technology, Sir Paul Nurse · The Francis Crick Institute
View ↗
1 Apr 2025
Oral evidence session
Angus Hanton, Stian Westlake
View ↗
25 Mar 2025
Oral evidence session
Dr Alicia Greated · Campaign for Science and Engineering (CaSE), Dr Richard Jones · University of Manchester, Jakob Mokander · Tony Blair Institute, Julia Willemyns · UK Day One
View ↗

Who gave evidence

38 witnesses

On smaller screens, scroll horizontally to read every column. Keyboard users can focus the table region and use the arrow keys.

WitnessOrganisationSessions
Aftab Mathur Not recorded 1
Angus Hanton Not recorded 1
Ceri Smith · Director General in Strategy and Investment Department for International Trade 1
Charlotte Deane · Executive Chair Engineering and Physical Sciences Research Council – UKRI 1
Chris Vann · COO Autolus Therapeutics 1
Darja Isaksson · Director General Vinnova (Sweden's innovation agency) 1
Doug Brion · Founder and CEO Matta 1
Dr Alicia Greated · Executive Director Campaign for Science and Engineering (CaSE) 1
Dr Arati Prabhakar Not recorded 1
Dr David Cleevely CBE FREng FIET Not recorded 1
Dr David Connell Not recorded 1
Dr Patrick P. Rose · Innovation Manager SPRIN-D (German Federal Agency for Breakthrough Innovation) 1
Dr Richard Jones · Professor of Materials Physics and Innovation University of Manchester 1
Dr Scott Steedman CBE · Director of Standards British Standards Institution (BSI) 1
Dr Stefanie Tompkins Not recorded 1
Ian Merricks Not recorded 1
Irene Graham OBE · CEO The ScaleUp Institute 1
Jakob Mokander · Director of Science and Technology Policy Tony Blair Institute 1
John Flint · Chief Executive Officer National Wealth Fund 1
Julia Willemyns · Co-Director UK Day One 1
Lord Willetts · Chair Regulatory Innovation Office 1
Louis Taylor · Chief Executive Officer British Business Bank 1
Marcus Stuttard · Head of AIM and UK Primary Markets London Stock Exchange Group 1
Matt Henty · Deputy Director, Science and Technology & Access to Finance HM Treasury 1
Patrick Nédellec Not recorded 1
Professor Dame Fiona Murray · Associate Dean of Innovation MIT School of Management 1
Rt Hon Greg Clark · Member Industrial Strategy Advisory Council 1
Saul Klein OBE Not recorded 1
Sir John Bell · President Ellison Institute of Technology 1
Sir John Kingman · Chair Legal and General Group Plc 1
Sir John Lazar · President The Royal Academy of Engineering 1
Sir Jonathan Symonds CBE GSK 1
Sir Paul Nurse · Director The Francis Crick Institute 1
Stian Westlake Not recorded 1
The Baroness Gustafsson CBE · Minister of State (Minister for Investment) Department for Business and Trade 1
The Lord O'Donnell KG GCB Not recorded 1
The Lord Vallance of Balham KCB · Minister of State for Science, Research and Innovation Department for Science, Innovation and Technology 1
Tom Adeyoola · Executive Chair Innovate UK – UKRI 1