Scientific Research and Development Debate

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Lord Stevenson of Balmacara

Main Page: Lord Stevenson of Balmacara (Labour - Life peer)

Scientific Research and Development

Lord Stevenson of Balmacara Excerpts
Monday 7th July 2014

(10 years, 4 months ago)

Lords Chamber
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Lord Stevenson of Balmacara Portrait Lord Stevenson of Balmacara (Lab)
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My Lords, in his initial response the Minister suggested that the Government were supporting the practice started by the previous Government of maintaining ring-fencing for a large science budget. Is it not a fact that when the Government came into power in 2010 they cut almost entirely the capital budget and restricted the revenue budgets to cash only, so we have lost about £500 million over that period?

Lord Ahmad of Wimbledon Portrait Lord Ahmad of Wimbledon
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The Government have made clear their priority for spending in this area and that is why both in my original Answer and the supplementary I also mentioned that since 2010 a further £1.5 billion of capital has been provided to science and research, along with more than £600 million of additional resources. This underlines the Government’s commitment to this important area for the country.