Baroness O'Cathain
Main Page: Baroness O'Cathain (Conservative - Life peer)
Baroness O’Cathain
To ask Her Majesty’s Government, in the light of the creation of the European Commission’s New Deal, what steps they will take to protect the European Union research budget.
The Parliamentary Under-Secretary of State, Department for Business, Innovation and Skills (Baroness Neville-Rolfe) (Con)
My Lords, European Commission President Juncker made a statement about the investment plan last week. We are seeking to clarify details of the proposal, including any implications for the EU research budget, which is so important to the United Kingdom.
Baroness O’Cathain (Con)
The new deal will provide €315 billion in an attempt to improve the economy of some nation states that are still in economic slump. It is reported that the current €81 billion research and innovation budget is going to be, as the Daily Telegraph says, “gutted” and included within the new deal. I ask Her Majesty’s Government what will happen to the projects that have already been started, plans that are already made and teams that have already been drawn up to use part of the €81 billion for the research and innovation budget. The UK benefits hugely from that money. I just wonder what will happen to the academic staff and the scientists if that is completely gone.
Baroness Neville-Rolfe
My Lords, my noble friend is right. Horizon 2020 has been indentified as a possible source of €2.7 billion financing for the investment plan. Further detail is required from the Commission. However, it is proposing that the plan will make existing funding for research go further through leveraging private sector financing, which could deliver better value for money. However, of course the noble Baroness is right to express concern. We will be keeping an eye on the detail and the existing research teams to which she refers.