(1 week, 3 days ago)
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Kanishka Narayan
The hon. Member is absolutely right to raise that point about a defence for cyber-security purposes. The Computer Misuse Act is being reviewed at the moment—the Home Office is looking at it—but, as I mentioned in Committee on the Cyber Security and Resilience (Network and Information Systems) Bill, that is not the appropriate vehicle, given its much narrower scope than the broad scope that we would like in the context of a defence. For those reasons, I am keen that we pursue the matter, but elsewhere.
I am conscious of time, so I will proceed at pace. Alongside quantum and AI, semiconductors are another technology that underpins the global economy and is fundamental to our way of life. As part of our industrial strategy, digital and technology sector plan, we are taking measures to foster the growth of that particular sector.
My hon. Friend the Member for Mansfield (Steve Yemm) spoke very thoughtfully about the fact that we should not just rely on venture-focused companies in particular parts of the country, but look at our industrial heritage. That is exactly why I have focused on ensuring that the AI growth zones programme puts data centres in the north-east, alongside the headquarters of our largest listed tech company. A deep heritage of financial services technology innovation in Newcastle and the surrounding area is now able to benefit from good jobs anchored by that data centre.
In south Wales, the data centre planned for the site of the old Ford car manufacturing plant gives hope for jobs in the semiconductor cluster, anchored by that data centre. That is critical. In north Wales, data centres are pulling our nuclear small modular reactor into the future, which is critical to thousands of jobs in that community. In Lanarkshire, the old steelworking community, which lost thousands of jobs and never fully recovered, now has hope from half a billion pounds of community investment as a result of data centres. That is precisely what I believe in.
In one sentence, will the Minister say something about another geographical issue: collaboration with like-minded countries, especially in the EU?
Kanishka Narayan
I will simply give a note of total affirmation on the importance of that. Having met a series of Ministers from Europe, I know that we have a huge amount in common and a huge amount to do in the future.
I am being tested pretty intensively on time, so I will focus on one final point. Some Members rightly raised the question of mergers, acquisitions and investment controls. As my hon. Friend the Chair of the Select Committee will know from the time that I worked for her on the Bill as it was proceeding through the House, the National Security and Investment Act 2021 is an excellent example of where we are ensuring that investment and sensitive areas maintain the national security interests of Britain now and in the longer term.
In summary, the Government will continue to support our tech sectors as best they can. Only yesterday, Nscale raised the largest series-C funding round in all of Europe. Isambard-AI has raised a £50 million round for embodied AI—manufacturing AI—as well. Those are testaments to the approach that I have set out, which will ensure that British firms and people can seize every opportunity they can in tech-enabled Britain.