(7 years, 5 months ago)
Commons ChamberMany of those focused on driving forward the fourth industrial revolution are in new sectors such as robotics and 3D printing. Can the Minister ensure that the industrial strategy’s sector engagement includes new, innovative challengers, not just incumbents?
I certainly can. Through our industrial strategy, we are backing Britain’s innovators with the biggest investment in science and technology since 1979 and a new industrial strategy challenge fund to bring cutting-edge ideas out of the lab and into the wider economy.
(7 years, 8 months ago)
Commons ChamberI know that the hon. Gentleman will welcome the Government’s commitment to research and development, which was underscored in the autumn statement with a further £2 billion by the end of this Parliament—perhaps the biggest single increase in R and D expenditure by any Government in the memory of anyone in this Parliament.
Innovate UK plays a key role in promoting science and technology by giving grants to entrepreneurs. Will the Minister continue to support it as new fourth industrial revolution businesses come forward to seek new funding to develop the next generation of science and technology businesses?
Yes, I am happy to provide that assurance. Innovate UK, our innovation agency, will be at the heart of our industrial strategy, and the autumn statement will provide it with the resources it needs to continue to do its job of supporting small businesses in innovation.
(8 years, 5 months ago)
Commons ChamberHavant is a national centre for aerospace and engineering excellence. Will the Minister join me in congratulating everyone involved in the ExoMars space programme?
I certainly will. The UK space industry is indeed booming, with average growth rates of 8% over the past eight years. The ExoMars rover has been built in Stevenage, and I look forward to seeing the results from the Mars methane sniffer once it has completed its seven-month journey to Mars. I would like to tell the House that this morning I received an update from the UK Space Agency to say that a signal has now been received at mission control, so we can safely say that the launch has been a success.