Oral Answers to Questions Debate
Full Debate: Read Full DebateBarry Sheerman
Main Page: Barry Sheerman (Labour (Co-op) - Huddersfield)Department Debates - View all Barry Sheerman's debates with the Department for Business and Trade
(9 months, 3 weeks ago)
Commons ChamberMy hon. Friend will know more than most, having had this brief previously. Of course, we are out there sourcing investment for the UK and, as I mentioned, we are already beating France and Germany. Further afield, the UK is the third country, behind the US and China, to reach the landmark of $1 trillion in value. We have the concierge service with the Office for Investment. We have also recently secured £4.5 billion through the advanced manufacturing plan. That, coupled with the research and development budget of around £39.8 billion between 2022-25, shows that we are ready to enable investment in the UK and to manufacture products in this area.
Will the Secretary of State and her team pay much more attention to the science and innovation possibilities in the hydrogen sector—that is, hydrogen energy and power? This is something we are good at, and the research is there. We need to be there quickly before the Chinese dominate the market.
I gently say that the hon. Gentleman should pay attention to the hydrogen strategy, which shows we are leaning forward and ensuring that we can capture the investment, de-risk any of the testing and ensure that intellectual property can be commercialised here in the UK. We of course see hydrogen in the mix in our future energy spectrum.
Will the Secretary of State look at the impact assessments of universities? The traditional universities are failing to meet the standards of sustainable development research, and Manchester, Huddersfield and Newcastle Universities are doing much better. Will the Secretary of State look into that, and push the other universities to do better?
This is a matter that sits with the Department for Education, but of course my Department takes an interest in all the innovation research that is going on, because it will help to boost the UK economy. I am sure that officials in my Department have been looking at those assessments, and will be able to provide details if the hon. Gentleman has a more specific question.