Asked by: Chris White (Conservative - Warwick and Leamington)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to paragraph 3.36 of the Autumn Statement 2016, if his Department will support firms specialising (a) in video and mobile game development and (b) on artificial intelligence, data analytics and virtual reality.
Answered by Margot James
At the Autumn Statement 2016, the British Business Bank was provided with £400m of additional funding to unlock up to £1 billion of new investment in innovative firms planning to scale up.
This will primarily be achieved by broadening the mandate of Bank’s Venture Capital Catalyst programme. The programme is able to invest across a wide range of sectors, including businesses which specialise in video, mobile game development, artificial intelligence, data analytics and virtual reality.
Asked by: Chris White (Conservative - Warwick and Leamington)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to consult with representatives of the higher education sector as part of his Department's preparations for the development and delivery of its industrial strategy.
Answered by Nick Hurd
Higher education has a key role to play in industrial strategy. A high productivity, high wage economy that works for all depends on our workforce having access to the skills they need.
We will be seeking views on Industrial Strategy, including from Higher education stakeholders, through a discussion paper to be published shortly.
Asked by: Chris White (Conservative - Warwick and Leamington)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential role of the part-time higher education sector in delivering his Department's industrial strategy.
Answered by Nick Hurd
Higher education has a key role to play in industrial strategy. A high productivity, high wage economy that works for all depends on our workforce having access to the skills they need.
We will be seeking views on Industrial Strategy, including from Higher education stakeholders, through a discussion paper to be published shortly.
Asked by: Chris White (Conservative - Warwick and Leamington)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps the Government has taken to set out its industrial strategy; and if he will make a statement.
Answered by Greg Clark
We are developing an Industrial Strategy that will embrace the opportunities of our new global role and upgrade our economy so it works for everyone. We intend to work with the breadth of British industry, local leaders, innovators, employees and consumers to deliver a successful strategy and create the conditions for future success. We will seek views on our plans in a discussion paper in the coming weeks.