Source · Select Committees · Business and Trade Committee
Recommendation 11
11
Accepted
Paragraph: 117
It is not clear to us that the support currently offered by Government is at...
Conclusion
It is not clear to us that the support currently offered by Government is at anything like the scale which is needed to make a real difference, or in line with a clear strategy from Ministers.
Government Response Summary
The government committed to investing up to £200 million into the sector over the next 2 years, and up to £1 billion over the next 10 years, alongside international R&D collaboration, domestic R&D, the creation of a ‘UK semiconductor infrastructure initiative’, and new centres for doctoral training.
Paragraph Reference:
117
Government Response
Accepted
HM Government
Accepted
The Government recognises the importance of semiconductors to the UK and the exciting opportunities the sector presents. Through our National Semiconductor Strategy, the UK will look to take an ambitious but targeted approach to the sector, building on the UK’s deep foundations and core strengths in semiconductor technology, as part of our commitment to become one of the most innovative economies in the world. In order to achieve this, We are investing up to £200 million into the sector over the next 2 years, and up to £1 billion over the next 10 years. This will build on top of the approx £290 million we have already invested directly to support companies over the last ten years as part of our wider investment into the sector, with a further support for: international R&D collaboration; domestic R&D; the creation of a ‘UK semiconductor infrastructure initiative’, and new centres for doctoral training. Alongside this, we are negotiating international collaboration with key partners in the sector, and we will announce plans by the Autumn to support the semiconductor manufacturing sector that is critical to the UK tech ecosystem or the UK’s national security. Our UK Semiconductor Advisory Panel, jointly chaired by the Minister for Tech and the Digital Economy and by industry, will support the implementation of the Strategy.