Source · Select Committees · Public Accounts Committee
Recommendation 4
4
The Department has five objectives for the Fund, to: • increase UK businesses’ investment in...
Conclusion
The Department has five objectives for the Fund, to: • increase UK businesses’ investment in R&D, while also improving R&D capability, capacity and technology adoption; • increase multi- and inter-disciplinary research; • increase engagement between academia and industry on targeted innovation activities; • increase collaboration between new small companies and those that are established; and 1 C&AG’s Report, UK Research and Innovation’s management of the Industrial Strategy Challenge Fund, Session 2019–21, HC 1130, 5 February 2021 2 C&AG’s Report, paras 2, 3 and 6 3 C&AG’s Report, para 1.11 4 HM Treasury, Build Back Better: our plan for growth, Policy Paper CP 401, 3 March 2021 Industrial Strategy Challenge Fund 9 • and increase overseas investment in R&D in the UK.5
Government Response
A response document is linked to this report, dated 2 September 2021. Response attribution to this conclusion has not been verified. Read the response document ↗