Written Question·Department for Science, Innovation and Technology·UIN 43861

New Businesses: Investment

Tabled: 3 April 2025

Answered: 8 April 2025

Named Day

Question

Dame Chi Onwurah

Labour — Newcastle upon Tyne Central and West

To ask the Secretary of State for Science, Innovation and Technology, how Innovate UK supports (a) start-ups and (b) scale-ups in meeting the requirements of potential investors.

Answer

Feryal Clark

Innovate UK has several targeted approaches to support innovative SMEs that increase their investment readiness. From 2020-2024, SMEs supported by Innovate UK Business Growth have raised over £9bn in private sector investment. In its current spending revi...

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