41st Report - UK Research and Innovation
Select Committee
Public Accounts Committee
HC 826
23 July 2025
Government Response (AI assessment · 30 of 30 classified)
Accepted
26
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Forty-first report from Session 2024-26 · published 15 Oct 2025
Recommendations & Conclusions
3 results
13
Conclusion
Not Addressed
Long-term trends of private sector investment in UK R&I remain unavailable due to data limitations.
Conclusion
DSIT and UKRI advised us that private sector investment in UK R&I was £46.7 billion in 2024.27 We asked whether private investment in UK R&I has gone up or down in recent years. DSIT advised that it is going up, …
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Government Response Summary
The government states it is developing and will publish strategic objectives and key results for UKRI by Autumn 2025 to monitor its delivery against government priorities. However, this response does not address the committee's observation about the lack of long-term private sector R&I investment data.
HM Treasury
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27
Conclusion
Not Addressed
UKRI's quantum and synthetic biology investments successfully generate numerous spinouts and significant funding.
Conclusion
In correspondence following the session, DSIT stated that UKRI’s investment in Quantum Hubs has generated 17 spinout companies to date, 14 of which are still active. Similarly, DSIT wrote that UKRI has invested over £700m in synthetic biology R&I since …
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Government Response Summary
The government states it agrees with a recommendation and outlines future plans for DSIT and UKRI allocations, identifying where to have the greatest impact on scaling innovation, and considering the financial sustainability of university research. However, this response does not address the conclusion, which merely presented data on spinout companies and investment.
HM Treasury
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29
Conclusion
Not Addressed
UKRI plays a significant role in developing crucial skills for research commercialisation.
Conclusion
DSIT stressed that specific skills are needed to turn research into commercial success.78 Professor Grant told us that UKRI plays a much bigger role than people realise in building the skills of people who move from research into industry.79 UKRI …
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Government Response Summary
The government states it agrees with a recommendation and outlines future plans for DSIT and UKRI allocations, identifying where to have the greatest impact on scaling innovation, and considering the financial sustainability of university research. However, this response does not address the conclusion, which merely summarised evidence about skills for commercial success.
HM Treasury
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