Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Kevin Brennan on 2016-04-19.
To ask the Secretary of State for Business, Innovation and Skills, how much his Department has spent on its industrial strategy in each year in which that strategy has been in force.
Anna Soubry
The industrial strategy was launched under the coalition Government in September 2012. The strategy was characterised by support for a number of sectors, in several areas where government action (via investment or otherwise) was identified to have an impact in promoting jobs and growth.
These areas were access to finance, support for emerging technologies, creating a pipeline of skilled workers, government procurement and the development of supply chains.
The figures below show how much money has been spent in the spend areas of Aerospace, Automotive and Agri-tech, in each year that it has been in force:
|
13/14 (£) |
14/15 (£) |
15/16 (£) (Forecast) |
|
|
Euro-Transonic Wind-tunnel (part of the Agri-tech Catalyst) |
1,111,747 |
683,000 |
1,195,000 |
|
Aerospace Technology Institute (ATI) |
72,697,664 |
132,544,663 |
128,877,536 |
|
Advanced Propulsion Centre (APC) |
– |
16,009,948 |
32,358,783 |
|
Agri-Tech Catalyst |
1,648,790 |
1,959,154 |
24,837,890 |
|
Total |
75,458,201 |
151,196,766 |
187,269,209 |
