(9 years, 5 months ago)
Lords Chamber
To ask Her Majesty’s Government what assessment they have made of the effect of withdrawal from the European Union on investment in science and technology in the United Kingdom.
My Lords, the Government are committed to investing in science and making Britain the technology centre of Europe. We have a clear mandate for reform and will hold an “in or out” referendum on the UK’s membership of the European Union by the end of 2017.
Since Peers on all sides of the House as well as the Financial Times and scientific institutions now agree that there should be more technologically advanced companies with UK ownership, does the Minister agree that this objective is threatened by the loss of European-funded research if the UK leaves the European Union?
Not at all. Our position is very sensible. We are looking for an improved position in a reformed Europe to end uncertainty. The Government’s plans involve various areas, including increasing economic competitiveness. Science and innovation are clearly vital ingredients in that economic competitiveness.