(1 year, 3 months ago)
Commons ChamberMy hon. Friend makes an important point. We are investing heavily in regional innovation clusters all around this country. We have three: one in Manchester, one in Glasgow and one in the west midlands, where the excellent Mayor, Andy Street, is driving a genuine innovation economy.
Almost one in two properties in my constituency, and less than one in five in rural areas, do not have access to gigabit broadband. They do not even have superfast connections. The Department must help properties get connected where profit incentives are low. Will the Minister provide an update on the gigabit voucher scheme and the total value of vouchers claimed this year?
(1 year, 8 months ago)
Commons ChamberI was in Scotland just a few weeks ago meeting the team behind the Shetland and Sutherland launch. We are committed to launch in both Cornwall and Scotland. We are providing funding to support those two spaceports. I will happily come and visit when I am next up. In Scotland, Buckinghamshire and all around the country, we are growing space clusters to give jobs and opportunities to a new generation.
We should all be incredibly proud that nowhere is driving the science and technology revolution more than the north-east economy. It was a powerhouse of the previous industrial revolution and is that again now. I was recently in Newcastle visiting the University of Newcastle and Northumbria University. Spinouts from Newcastle raised £47 million, which is a record. The NETPark North East Technology Park, home to 65 growing companies, has just announced its third phase. It is home to Kromek, one of our top sensor companies. We put £5 million into the Northern Accelerator, a collaboration between six universities, and we have nine catapult centres in the north-east. We are driving the north-east economic renaissance.
The north-east is a centre of science excellence in offshore wind, life sciences, batteries and much more. We are home to 3,500 tech firms, which bring £2 billion to our local economy. European structural funds provide support to small and medium-sized enterprises to start up, innovate and grow, but all that stops at the end of this month. What will the Minister do to ensure that that support for development continues?
That is an excellent question. We have set out the shared prosperity fund, which is now fully deployed around the country. We have made the commitment to increase domestic research and development outside the greater south-east by 40% between now and 2030, and 50% of Government R&D in the old Department for Business, Energy and Industrial Strategy was outside the greater south-east. I do not want to pre-empt the Chancellor, but this afternoon there will be announcements about how we support regional science and technology growth.
(2 years, 8 months ago)
Commons ChamberMy right hon. Friend makes a really important point. It was surprising to hear the Opposition not mention the phenomenal investment that is pouring in. In the end, levelling up will be achieved by the businesses of this country investing in partnership with us. I welcome the Bentley £2.5 billion investment and the Aston Martin investment in Wales. That is happening right now. My right hon. Friend’s point is well made. As part of our significant increase in Innovate UK funding, we are looking at how we can ensure small businesses find it easier to access grant funding. We are dramatically increasing Innovate UK funding. The key test will be whether small businesses around the country can access it.