A question on #UKResearchAndInnovation #Loans tabled by Lord Nash on 02-06-2025 has been answered by Lord Vallance of Balham.

Heading: UK Research and Innovation: Loans
Question ID: 1807870
UIN: HL7965
House: Lords
Date tabled: 2025-06-02
Asking Member ID: 4270
Asking Member display name: Lord Nash
Asking Member handle:
Asking Member Twitter reference: Lord Nash
Member interest: false
Question text: To ask His Majesty's Government what proportion of the £1.3 billion in co-investment reported by UK Research and Innovation in the report Annual Report and Accounts 2023–24, published on 24 July 2024, was independently verified after project award.
Is named day: false
Date of holding answer:
Date answered: 2025-06-23
Date answer corrected:
Is holding answer: false
Is correcting answer: false
Answering Member ID: 5363
Answering Member display name: Lord Vallance of Balham
Answering Member handle:
Answering Member Twitter reference: Lord Vallance of Balham
Correcting Member ID:
Correcting Member display name:
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Correcting Member Twitter reference:
Answer text: UKRI verifies co-investment commitments at several stages of the grant lifecycle. Verification processes are managed according to the terms and conditions of specific grant awards and vary depending on the size of the awards. For large co-investment commi...
Original answer text:
Comparable answer text:
Answering body ID: 216
Answering body name: Department for Science, Innovation and Technology
Tweeted: true