Information between 10th June 2025 - 20th June 2025
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Speeches |
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Lord Nash speeches from: Children’s Wellbeing and Schools Bill
Lord Nash contributed 1 speech (225 words) Tuesday 17th June 2025 - Lords Chamber Department for Education |
Lord Nash speeches from: Children’s Wellbeing and Schools Bill
Lord Nash contributed 3 speeches (537 words) Tuesday 17th June 2025 - Lords Chamber Department for Education |
Written Answers | |||||||||||||||||||||
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Science and Technology: Investment
Asked by: Lord Nash (Conservative - Life peer) Monday 16th June 2025 Question to the Department for Business and Trade: To ask His Majesty's Government how much of the £250 million of public capital committed under the Long-term Investment for Technology and Science (LIFTS) initiative has been (1) drawn down to date, and (2) deployed to portfolio companies; whether any LIFTS-backed fund has deployed capital outside of the UK; and if so, what proportion of the total fund portfolio is composed of non-UK investments. Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip) In November 2024, the British Business Bank announced it had completed its £250m investment alongside Phoenix Group with Schroders Capital under the Long-Term Investment for Technology and Science (LIFTS) initiative. This was matched by £250m of pension investment from Phoenix Group, creating a £500m investment vehicle. Schroders Capital began making its first investments in January 2025. UK businesses which have received investment include the AI company Synthesia. Schroders Long Term Asset Fund (LTAF) Direct Investments are only made in companies based in the UK; LTAF Funds may invest in the UK and internationally. As the Fund is still new, no data is currently available on Fund deployment. |
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Science and Technology: Investment
Asked by: Lord Nash (Conservative - Life peer) Monday 16th June 2025 Question to the Department for Business and Trade: To ask His Majesty's Government what performance indicators and evaluation mechanisms have been established for each fund supported by the Long-term Investment for Technology and Science (LIFTS) initiative; and what outputs have been delivered to date by the Schroders Capital LIFTS initiative, including the number of companies backed and capital deployed. Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip) Schroders Capital invest across companies that are pioneering the development of long-term innovation themes such as life sciences and artificial intelligence. Following approval from the UK's Financial Conduct Authority in September 2024 to launch the first ever Long-Term Asset Fund (LTAF) dedicated to UK venture capital, Schroders Capital began making its first investments in January 2025. As a new Fund, it is too early for data analysis to have taken place. UK businesses which have received investment include AI companies Synthesia and Luminance. Deployment of funds is overseen by the investment committee at Schroders Capital with monitoring by the British Business Bank. |
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UK Research and Innovation: Loans
Asked by: Lord Nash (Conservative - Life peer) Monday 16th June 2025 Question to the Department for Science, Innovation & Technology: To ask His Majesty's Government what is the current outstanding balance of the innovation loans portfolio managed by UK Research and Innovation; and what proportion of that balance is classified as non-performing. Answered by Lord Vallance of Balham - Minister of State (Department for Science, Innovation and Technology) Since April 2018, £267.7m commitments have been made across 304 loans (including those approved and currently in execution). £221.2m in commitments are currently live across 248 loans, of which £191.9m is drawn. Under the terms of the loans with Innovate UK repayment of all of the loans in the current portfolio is due by 2033, with over half by 2028. 31 loans have already repaid in full, recovering £18.4m in capital. 16 defaulted loans with a combined outstanding exposure of £12.7m have completed the administration / recovery process, with £400k recovered and the remainder written-off. These write-offs occurred over following financial years as follows:
A further 59 loans are currently in default against their obligations. 40 of these (£28.3m total commitment) are subject to recovery action through legal recourse and administration; 19 (£12.5m commitment) are subject to restructuring within Innovate UK Loans Limited with a view to securing a realistic plan for repayment over time. |
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UK Research and Innovation: Loans
Asked by: Lord Nash (Conservative - Life peer) Monday 16th June 2025 Question to the Department for Science, Innovation & Technology: To ask His Majesty's Government what was the total value of innovation loans written off by UK Research and Innovation in each financial year since the scheme began in 2017. Answered by Lord Vallance of Balham - Minister of State (Department for Science, Innovation and Technology) Since April 2018, £267.7m commitments have been made across 304 loans (including those approved and currently in execution). £221.2m in commitments are currently live across 248 loans, of which £191.9m is drawn. Under the terms of the loans with Innovate UK repayment of all of the loans in the current portfolio is due by 2033, with over half by 2028. 31 loans have already repaid in full, recovering £18.4m in capital. 16 defaulted loans with a combined outstanding exposure of £12.7m have completed the administration / recovery process, with £400k recovered and the remainder written-off. These write-offs occurred over following financial years as follows:
A further 59 loans are currently in default against their obligations. 40 of these (£28.3m total commitment) are subject to recovery action through legal recourse and administration; 19 (£12.5m commitment) are subject to restructuring within Innovate UK Loans Limited with a view to securing a realistic plan for repayment over time. |
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Science and Technology: Investment
Asked by: Lord Nash (Conservative - Life peer) Monday 16th June 2025 Question to the Department for Business and Trade: To ask His Majesty's Government whether any capped return or fee offset mechanisms were used in funds backed by the Long-term Investment for Technology and Science; if so, what their expected cost is; and how clawback will be triggered if fund performance falls below target. Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip) This information is not publicly available. Fees paid by the British Business Bank are the same as other investors and in line with market standards for the asset class. |
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Boiler Upgrade Scheme
Asked by: Lord Nash (Conservative - Life peer) Tuesday 17th June 2025 Question to the Department for Energy Security & Net Zero: To ask His Majesty's Government, with reference to Ofgem's Boiler Upgrade Scheme Annual Report 2023–24, what assessment they have made of the discrepancy between (1) Ofgem's reported overall fraud and error rate of 1.18 per cent of total payments under the Boiler Upgrade Scheme, and (2) the 6.4 per cent non-compliance rate identified through statistical audits; what reasons they have identified for this discrepancy; and what the estimated overall non-compliance rate is for the scheme. Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip) The Boiler Upgrade Scheme is administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House. |
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Boiler Upgrade Scheme
Asked by: Lord Nash (Conservative - Life peer) Tuesday 17th June 2025 Question to the Department for Energy Security & Net Zero: To ask His Majesty's Government what estimate they have made of the average administrative cost incurred by Ofgem per voucher issued under the Boiler Upgrade Scheme for each financial year since its inception. Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip) The Government has not published the average administrative cost incurred by Ofgem per voucher issued under the Boiler Upgrade Scheme.
The scheme, now part of the Government’s Major Project Portfolio, will be included in the 24-25 National Infrastructure and Service Transformation Authority (NISTA) Annual Report publication, which will disclose whole life scheme costs. |
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Boiler Upgrade Scheme: Finance
Asked by: Lord Nash (Conservative - Life peer) Tuesday 17th June 2025 Question to the Department for Energy Security & Net Zero: To ask His Majesty's Government what was the total value of Boiler Upgrade Scheme funding paid out for installations subsequently found to be non-compliant with eligibility rules each year since the scheme’s inception; and how much of this funding has been successfully recovered by Ofgem. Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip) The Boiler Upgrade Scheme is administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House. |
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Boiler Upgrade Scheme
Asked by: Lord Nash (Conservative - Life peer) Tuesday 17th June 2025 Question to the Department for Energy Security & Net Zero: To ask His Majesty's Government how many compliance breaches were identified among the ten largest installers participating in the Boiler Upgrade Scheme, measured by voucher volume, since the scheme was launched. Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip) The Boiler Upgrade Scheme is administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House. |
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Science and Technology: Investment
Asked by: Lord Nash (Conservative - Life peer) Tuesday 17th June 2025 Question to the Department for Business and Trade: To ask His Majesty's Government whether the British Business Bank holds any board, observer, or voting rights on investment vehicles supported under the Long-term Investment for Technology and Science initiative. Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip) The British Business Bank is represented on the Schroders' advisory board but does not hold a vote on the LTAF investment decisions. |
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Department for Business and Trade: Staff
Asked by: Lord Nash (Conservative - Life peer) Wednesday 18th June 2025 Question to the Department for Business and Trade: To ask His Majesty's Government how many officials in the Department for Business and Trade hold qualifications recognised under the Government Counter Fraud Profession framework; and how many are accredited at (1) Foundation, (2) Practitioner, (3) Advanced Practitioner (4) Investigation Manager, or (5) Senior Investigation Officer level under the Counter Fraud Investigator Standard. Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip) The Public Sector Fraud Authority administers the Government Counter Fraud Profession (GCFP), which holds records of Government officials who have achieved Practitioner member or Affiliate status under the GCFP standards.
(1) Foundation – 0 (2) Practitioner – 1 (3) Advanced Practitioner – 3 Of these: (4) Investigation Manager - 3 (5) Senior Investigation Officer – 1
Officials are also enrolled with the PSFA for forthcoming GCFP training and qualifications with the PSFA. |
Live Transcript |
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Note: Cited speaker in live transcript data may not always be accurate. Check video link to confirm. |
17 Jun 2025, 9:45 p.m. - House of Lords "individuals involved in the management of these organisations and as my noble friend Lord Nash " Amendment:138D Baroness Barran (Conservative) - View Video - View Transcript |
17 Jun 2025, 9:20 p.m. - House of Lords "have here and now and, as Lord Nash and Baroness Barran said, one of the " Baroness Sanderson of Welton (Conservative) - View Video - View Transcript |
17 Jun 2025, 8:54 p.m. - House of Lords "problem with very high price it will be only be exacerbated as a Lord Nash just explained if sufficient " Baroness Barran (Conservative) - View Video - View Transcript |
Parliamentary Debates |
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Children’s Wellbeing and Schools Bill
33 speeches (11,353 words) Tuesday 17th June 2025 - Lords Chamber Department for Education Mentions: 1: Baroness Barran (Con - Life peer) Obviously, the problem of very high pricing will only be exacerbated, as my noble friend Lord Nash just - Link to Speech 2: Baroness Sanderson of Welton (Con - Life peer) As my noble friends Lord Nash and Lady Barran said, a root cause of a lot of the problems that we have - Link to Speech 3: Baroness Barran (Con - Life peer) As my noble friend Lord Nash said earlier, there is a reasonable concern that this will result in a dearth - Link to Speech |
Bill Documents |
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Jun. 20 2025
HL Bill 84-VII Seventh marshalled list for Committee Children’s Wellbeing and Schools Bill 2024-26 Amendment Paper Found: Children's Wellbeing and Schools Bill 8 LORD NASH BARONESS BARRAN 177_ After Clause 26, insert the |
Jun. 18 2025
HL Bill 84-VI Sixth marshalled list for Committee Children’s Wellbeing and Schools Bill 2024-26 Amendment Paper Found: LORD NASH BARONESS BARRAN 177_ After Clause 26, insert the following new Clause— “Action to promote |
Jun. 13 2025
HL Bill 84-V Fifth marshalled list for Committee Children’s Wellbeing and Schools Bill 2024-26 Amendment Paper Found: Children's Wellbeing and Schools Bill 40 LORD NASH BARONESS BARRAN 177_ After Clause 26, insert the |
Jun. 11 2025
HL Bill 84-IV(Rev) Revised fourth marshalled list for Committee Children’s Wellbeing and Schools Bill 2024-26 Amendment Paper Found: Children's Wellbeing and Schools Bill 52 LORD NASH BARONESS BARRAN 177_ After Clause 26, insert the |
Jun. 10 2025
HL Bill 84-IV Fourth marshalled list for Committee Children’s Wellbeing and Schools Bill 2024-26 Amendment Paper Found: findings of the assessment before each House of Parliament.” 51 Children's Wellbeing and Schools Bill LORD NASH |
APPG Publications |
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University APPG Document: APPUG weekly update 02 - 06 June 2025.pdf Found: Grouped Questions: HL7774, HL7775, HL7776 UK Research and Innovation: Expenditure The Lord Nash (Conservative |
Global Sexual and Reproductive Health and Rights APPG Document: Annual Report 2016-2017 Found: enclosed as appendix 279 70 Child and Social Work – Ping Pong HoC Amendments, 4th April 2017 Lord Nash |
Global Sexual and Reproductive Health and Rights APPG Document: Annual Report 2015-2016 Found: Lord Nash replied saying the government had substantially increased childcare funding and will support |
Global Sexual and Reproductive Health and Rights APPG Document: Annual Report 2013-2014 Found: Lord Nash replied that sex and relationship education is compulsory in secondary schools and that e- |
Care-Experienced Children and Young People APPG Document: 2013 AGM Minutes Found: Lord Nash and the Minister were both at the meeting. |
Global Sexual and Reproductive Health and Rights APPG Document: Annual Report 2012-2013 Found: appendix 280 Education: Personal, Social, Health and Economic Education (PSHEE), 21st March 2013 Lord Nash |