Context
The north-east is developing as a science and technology powerhouse, with significant investments in NETPark and Northern Accelerator.
Question
What steps she is taking to support the commercialisation of science and technology research in the north-east. Led by Durham University, the Northern Accelerator has invested more than £100 million in partner university spin-outs in the past five years, bringing skilled jobs and opportunities to my constituents and across the region. If serious about levelling up Durham, can she explain why the north-east receives just 4% of Research England's budget and six times less money than London?
Answer from George Freeman
We have invested £5 million into NETPark for expansion, £5 million in Northern Accelerator with six north-east universities, and nine Catapult hubs. Traditionally, research funding follows excellence; Northumbria University's rise shows northern universities are delivering increasingly excellent science. Last year, there was £50 billion of private investment matching public R&D, which will increase as we aim for £20 billion in public R&D, leading to more private money coming into the north-east.
Not addressed: Did not provide a direct explanation for why the north-east receives only 4% of Research England's budget compared to other regions like London.
How: Paid Tribute, Traded Excellence
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