HC Deb 07 January 2003 vol 397 c149W
Mr. Mark Hoban

To ask the Secretary of State for Trade and Industry how much money her Department will spend on knowledge transfer initiatives in(a) 2003–4, (b) 2004–5 and (c) 2005–6 following the comprehensive spending review 2002. [87836]

Ms Hewitt

[holding answer 17 December 2002]: As part of its 2002 spending review (SR2002) settlement, the Department of Trade and Industry's resources for innovation and knowledge transfer will rise from £338 million in 2002–3 to £388 million by 2005–6. My Department is currently developing—as part of our business planning process—detailed allocations for individual budgets and activities for the SR2002 period.

In addition, through the Office of Science and Technology and the UK science budget, my Department provides funding for activities which support the commercial exploitation of science. This includes, for example, funding for the Higher EducationInnovation Fund and the Public Sector Research Establishment (PSRE) Fund. For more information, see www.ost.golv.uk/reerach/funding/budget 03–06/dti-sciencebudgetbook.pdf