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Department: Department for Science, Innovation & Technology

Baggy Shanker

Main Page: Baggy Shanker (Labour (Co-op) - Derby South)

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Quantitative Easing (Prohibition)
Wednesday 8th January 2025

(9 months, 3 weeks ago)

Commons Chamber
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Baggy Shanker Portrait Baggy Shanker (Derby South) (Lab/Co-op)
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T2. I refer the House to my entry in the Register of Members’ Financial Interests. Globally, billions of pounds of investment are flowing into companies that are creating new technologies to power data centres, and communities across the UK should be sharing the opportunity of well-paid, skilled jobs that that investment offers. In Derby, Rolls-Royce is a world leader in the development of small modular reactors. Does the Secretary of State agree that Rolls-Royce shows British innovation at its strongest, and would be a dynamic partner for any technology company wishing to invest in the future?

Peter Kyle Portrait Peter Kyle
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I agree, of course. Technological innovation will be key to the move to net zero, and the UK will be at the forefront of that. SMRs are particularly exciting. I have met Rolls-Royce, which has a great advocate in my hon. Friend. I look forward to hearing more from him and seeing how we can support this exciting technology into the future.

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