Oral Answers to Questions

Amanda Solloway Excerpts

Tuesday 10th November 2020 Commons Chamber

[Chris Loder (West Dorset) (Con)]

If he will hold discussions with the Secretary of State for Education on Government support for Young Enterprise. [R]

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Amanda Solloway)]

Young Enterprise does excellent work, engaging young people and providing valuable education in enterprise and financial skills. Ministerial colleagues recently met Young Enterprise to hear about its work and correspondence on this and have shared that information with education Ministers. If I may also add, the lessons that I learned when I did Young Enterprise in the sixth form, which was not so long ago, were invaluable.

[Chris Loder]

As someone who did not go to university, who benefited greatly from Young Enterprise and who is from a rural area, I know full well how important the scheme is. How is the Minister helping young people in rural areas, such as in my constituency of West Dorset, and will she ensure that the development of non-cognitive skills in schools features in our industrial strategy?

[Amanda Solloway]

Skills for adults and young people in rural areas, such as West Dorset, are absolutely invaluable. Towns and cities are an important part of supporting the future economy, and we are working with education colleagues to consider how Government support on skills will be an integral part of our strategy for growth.

[Richard Graham (Gloucester) (Con)]

What recent steps his Department has taken to support the growth of innovation and new technologies.

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Amanda Solloway)]

This Government are fully committed to unleashing innovation and supporting priority technologies. For example, combined public and private investment in the National Quantum Technologies Programme over its 10-year lifetime is set to pass the £1 billion mark. We are investing £750 million through Innovate UK to support innovative businesses through the pandemic and have also launched the future fund.

[Richard Graham]

I welcome the Minister’s response. Does she agree more broadly with me that the UK should retain key technology assets where there is a national interest and that Arm Ltd’s capabilities in semiconductor and chip design, including processes for mobile phones, have national security implications? If she agrees, can she, her Department and the Government do more to protect the national interest in the proposed sale of Arm by SoftBank to Nvidia?

[Amanda Solloway]

Arm is an important part of the UK tech sector and makes a significant contribution to the UK economy. Although acquisitions are primarily a commercial matter for the parties concerned, the Government monitor them closely. When a takeover may have a significant impact on the UK, we will not hesitate to investigate further and take action. We will be scrutinising the deal carefully to understand its impact on the UK.

[Yvette Cooper (Normanton, Pontefract and Castleford) (Lab)]

What recent discussions he has had with the Chancellor of the Exchequer on providing additional support to businesses affected by covid-19 lockdown restrictions in the run up to Christmas.

--- Later in debate ---

[Ben Everitt (Milton Keynes North) (Con)]

In August, I was lucky enough to meet Dynamic Imaging Analytics in Milton Keynes—a fantastic local company that is doing some really cool stuff with space technology, including working with our local university, the Open University, to mine for water on the moon. Perhaps the Minister will join me in congratulating the Open University on its recent successes on that.

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Amanda Solloway)]

The UK’s world-leading universities have a rich heritage in space science and exploration, and they are key to our ambition of becoming a science superpower. Of course I will join my hon. Friend in sending congratulations to the scientists in his constituency on their groundbreaking research. We are investing £1.5 million this year in Open University space activities, including those of PROSPECT instruments, which will improve our understanding of water on the moon—and who knows, they might put the first concrete cows on the moon.

[Mr Speaker]

Excellent.