Oral Answers to Questions
Debate between Lord Sharma and Flick Drummond(3 years, 8 months ago)
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Alok Sharma
My hon. Friend is absolutely right. Nuclear power clearly has a part to play in our clean energy mix, and he will know that in the Prime Minister’s 10-point plan we have committed to backing large-scale nuclear advanced modular reactors and small modular reactors—AMRs and SMRs. Of course, the sites such as the ones in my hon. Friend’s constituency are vital in terms of creating jobs and investment in the north-west.
Mrs Drummond [V]
I welcome my right hon. Friend to his new appointment. Does he agree that the Prime Minister’s 10-point plan will not only help places such as Meon Valley to build back better and greener from covid but level up all regions across the country?
Alok Sharma
My hon. Friend is absolutely right. The 10-point plan will be a catalyst to unleash innovation and jobs across the country. We are going to have a green industrial revolution, which is going to be powered by wind turbines in Scotland and the north-east, propelled by electric vehicles made in the midlands and, of course, supported by carbon capture clusters across our industrial heartlands.
Oral Answers to Questions
Debate between Lord Sharma and Flick Drummond(4 years, 8 months ago)
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Mrs Flick Drummond (Meon Valley) (Con)
The Secretary of State for Business, Energy and Industrial Strategy (Alok Sharma)
The Government are already increasing public spending on research and development by £7 billion over five years, the biggest increase in public funding for R&D on record. Every pound of public expenditure on R&D leverages a further £1.40 of additional private investment, generating even greater returns for the UK.
Alok Sharma
I am delighted that my hon. Friend is showing his characteristic commitment to innovation by supporting an agritech venture capital fund. As he notes, Rothamsted has a world-renowned reputation for agricultural research, and that is why UKRI has awarded £3.4 million to determine protein abundance in plants at that research institute. Either I or the Science Minister—the Under-Secretary of State for Business, Energy and Industrial Strategy, my hon. Friend the Member for Derby North (Amanda Solloway)—would be happy to meet him to discuss how the Government can support his proposals.
Mrs Drummond
I also welcome the emphasis that the Government are placing on research and development. Will my right hon. Friend tell me what further action is being taken on the proposal for a UK advanced research projects agency, following the departmental meeting last year?
Alok Sharma
My hon. Friend raises an important point. The UK is ranked fifth in the global innovation index, and our strengths in R&D mean that we are well placed to develop a new funding body to specialise in high-risk, high-reward projects. As I have said, I am absolutely determined that the UK should be a global science superpower, and my Department is making good progress on a UK advanced research projects agency. We are engaging with a wide range of researchers and innovators, and we will set out further plans in due course.