Fifty-Sixth Report - Industrial Strategy Challenge Fund
Select Committee
Public Accounts Committee
HC 941
30 April 2021
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Fifty-sixth report from Session 2019-21 · published 2 Sep 2021
Recommendations & Conclusions
4 results
2
Recommendation
Not Addressed
We are not convinced that UKRI’s and the Department’s approach to intellectual property generated by...
Recommendation
We are not convinced that UKRI’s and the Department’s approach to intellectual property generated by the Fund adequately protects taxpayers’ interests. Taxpayer funding invested through the Fund creates a ‘bridge’ between pure research investment and commercial development. There will potentially …
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Government Response Summary
The government's response addresses unrelated issues concerning the identification of clinically extremely vulnerable people and NHS data strategy, completely failing to address the recommendation for UKRI to re-examine its intellectual property approach for the Fund.
HM Treasury
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3
Recommendation
Not Addressed
The Department has not yet made clear how it will make sure the UK will...
Recommendation
The Department has not yet made clear how it will make sure the UK will meet the target to spend 2.4% of its GDP on R&D by 2027. The government has a target to 6 Industrial Strategy Challenge Fund increase …
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Government Response Summary
The government response discusses local variation in the Shielded Patient List and future analysis, which is unrelated to the recommendation about the UK's R&D spending target.
HM Treasury
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6
Recommendation
Not Addressed
The elongated time taken by the Department and UKRI to provide funding to successful bidders...
Recommendation
The elongated time taken by the Department and UKRI to provide funding to successful bidders risks putting off businesses from applying for the programme. It took UKRI, the Department and HM Treasury 72 weeks to select and approve the challenges …
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Government Response Summary
The government's response provides only introductory text and lists relevant reports, failing to address the recommendation for the Department, HM Treasury, and UKRI to outline plans for speeding up approval times for challenges and projects.
HM Treasury
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4
Conclusion
Not Addressed
The Department has five objectives for the Fund, to: • increase UK businesses’ investment in...
Conclusion
The Department has five objectives for the Fund, to: • increase UK businesses’ investment in R&D, while also improving R&D capability, capacity and technology adoption; • increase multi- and inter-disciplinary research; • increase engagement between academia and industry on targeted …
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Government Response Summary
The government response does not address the committee's item regarding the objectives of the Industrial Strategy Challenge Fund, instead discussing the delivery of shielding support to clinically extremely vulnerable individuals.
HM Treasury
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