Source · Select Committees · Business and Trade Committee
Recommendation 38
38
Accepted
Paragraph: 151
We recommend that UKRI put in place an action plan which: • sets out how...
Recommendation
We recommend that UKRI put in place an action plan which: • sets out how they will ensure that the ISCF stimulates innovation in all the nations and regions of the UK; • details how UKRI will reverse the trend of funding moving sharply away from SMEs to larger businesses; • addresses concerns that the collaborative co-investment bid process is not appropriate for SMEs which are unable to meet co-financing requirements.
Government response summary AI-generated
The government recognizes the committee's concerns regarding the Industrial Strategy Challenge Fund (ISCF) and has agreed to a robust action plan to address the recommendations, including ensuring innovation across the UK and better supporting SMEs.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
151
Government Response
Accepted
HM Government · verbatim extract
Accepted
61. The Government recognises the concerns raised by the Committee regarding the Industrial Strategy Challenge Fund (ISCF) and have agreed a robust action plan that will address the recommendations made by the Committee, the Public Accounts Committee, and National Audit Office.
Read the full response on Parliament ↗