(3 years, 10 months ago)
Lords ChamberTo ask Her Majesty’s Government how much money has been given out from the Clean Growth Fund; and to which projects such money has been given.
My Lords, I beg leave to ask the Question standing in my name on the Order Paper and I declare an interest as a member of the Peers for the Planet group.
My Lords, the £40 million Clean Growth Fund was launched in May 2020 as a commercially run venture capital fund managed by Clean Growth Investment Management. The fund manager has had over 400 expressions of interest from SMEs and intends to make several investments in UK companies this financial year. The Clean Growth Fund will develop a broad portfolio of companies investing in software and hardware across the power, transport, industry, buildings and waste sectors.
My Lords, I thank the noble Lord for his Answer. We have to invent a way out of the critical climate change emergency that we are in. Thankfully, innovation is playing a major role in finding ways of reversing the unbelievable level of pollution that human activity produces. This is a global problem, though, and it is clear that international co-operation is vital if we are to solve it. Does the Minister not agree that the budget for the Clean Growth Fund should be prioritised, be more transparent and have its remit expanded to work more closely with similar organisations around the world if we are to save our precious planet?
(3 years, 10 months ago)
Lords ChamberMy Lords, the obligation of the hospitality ruling is causing many in the restaurant and hospitality industry a mountain of needless pain. The perception of the unexplained 10 pm curfew is that it is utterly arbitrary. Many voices have now been raised to challenge this in the hope that it will be reconsidered in a more logical and common-sense way.
This restriction on already fragile businesses is deterring people from going to restaurants and providing much-needed revenue to support the employment of staff. All these burdens seem to have no logic. I have heard it asked: is the virus more potent after 10 pm? I think that maybe the answer is yes, if thousands of people are milling around in close proximity in streets, trains and buses just after 10 pm. Perhaps a curfew could apply to drinking places that are more prone to mingling, but nowadays the restaurant setting is remarkably safe in the way it is being managed because businesses have spent precious funds on adapting their premises to comply with social distancing.
The number of cases traceable to restaurant settings is very low indeed, with the data suggesting something like 2% to 3%. It feels like the whole sector is being punished for no apparent reason. Perhaps the Minister could explain why the Government have come to this conclusion and tell the House what evidence was used to make this decision. Did the scientists recommend this ruling? The public deserve to know to gain confidence.
Another serious blow to this industry is the plan to end VAT-free shopping for international visitors. This will severely impact the number of overseas visitors and tourists who are potential restaurant customers. These tourists will be more likely to visit other European countries, taking away much-valued trade. Will the Government reconsider these plans—otherwise they could be the final nail in the coffin for what used to be a thriving hospitality industry? It is time to press the reset button.
(6 years, 9 months ago)
Lords ChamberI am very grateful that I do not have to deal with the second and third industrial revolutions, but I thought that someone in this House would want to mention the first. I did not think anyone would be able to remember the first, but the noble Lord pays a valid tribute to his former constituency. We recognise that and hope that the Iron Bridge in Telford gets well soon.
My Lords, I draw the attention of the House to the Lords Communications Committee’s report Growing Up with the Internet. Of course we have to maximise the opportunities of the digital revolution, but how are the Government planning to protect society—especially our children—from the ethical and moral implications, and long-term consequences, of artificial intelligence and machine learning?
My Lords, I was not on the Communications Committee when it considered and produced its Growing Up with the Internet report—I think that the noble Baroness was. Since I left the committee, I believe that the Department for Digital, Culture, Media and Sport has responded to that report and I refer the noble Baroness to the letter of response.