§ Mr. Jim CunninghamTo ask the President of the Board of Trade how much has been invested in research and development in the aerospace industry by the(a) private sector and (b) Government in each of the last three years. [46217]
§ Mr. Battle[holding answer 16 June 1998]: Expenditure on aerospace research and development performed within UK businesses for the last three years for which data are available is as follows:
£ million Government1 Funded by Private sector2 Total 1994 240 620 860 1995 242 643 886 1996 216 596 812 1 Government funded R&D includes payments of launch investment which can generate returns to Government through levies on sales. Government funded also includes a small contribution from the European Union. 2 Includes funds from overseas business Source:
ONS Business Enterprise Research and Development (BERD) survey