Autumn Statement

Debate between Lord Haskel and Lord Deighton

Wednesday 3rd December 2014 Lords Chamber

[Lord Deighton]

I think that other countries will be treated in exactly the same way.

[Lord Haskel (Lab)]

Is the Minister aware that the new science and innovation strategy is being announced today? Is this so that it is overshadowed by the Autumn Statement, or is it part of the Autumn Statement? If it is, could we know what the strategy is?

[Lord Deighton]

The noble Lord is right. Though it may not have succeeded, the idea was for the Autumn Statement and the science announcement to amplify each other, but if they have had the opposite effect we will clearly have to have a word with the communications team.

Consistent with our other strategies, the science strategy is really to make sure that we are clear about what we are trying to do in the long term. We have put a financial settlement behind it that enables us to get it done. This includes a support of science as something worth while in its own right, and a very clear strategy about the things that we are good at and how they tie in to our potential economic advantage. It is likely to include the upgrading of what is effectively our laboratory base, so that that remains at the world’s cutting edge. This country has gone from about 20th in the Midlothian innovation index to second in the past five years. We want to stay there and do even better if possible. There will also be a fund for “grand challenges” where smart ideas that have great potential can apply for money. One of the most interesting things is the £250 million investment in a new advanced materials research institute in Manchester, connected to other universities. It will be called the Sir Henry Royce institute, and will be a magnificent initiative.