Oral Answers to Questions

Douglas Alexander Excerpts

Thursday 13th March 2025 Commons Chamber

[Frank McNally (Coatbridge and Bellshill) (Lab)]

18. What steps he is taking to help increase levels of international investment in Scotland.

[The Minister for Trade Policy and Economic Security (Mr Douglas Alexander)]

The Government are committed to supporting investment in Scotland in line with our growth mission. The Prime Minister recently announced that the National Wealth Fund will provide £200 million of investment in new opportunities in Grangemouth in particular. That announcement came alongside the recently announced £55 million grant for the Port of Cromarty Firth, the two investment zones receiving £80 million over the next five years and our expanded Office for Investment.

[Frank McNally]

I am grateful to my right hon. Friend for that answer. The National Wealth Fund has recently invested £43.5 million in Pulpex Ltd to construct a sustainable packaging facility near Glasgow, which is a welcome move and will support jobs and growth. What further measures are planned to attract similar green industry investments in communities such as my own in North Lanarkshire, which has Scotland’s fastest-growing economy?

[Mr Alexander]

My hon. Friend is a tireless advocate for the communities of Coatbridge and Bellshill. I can assure him that the National Wealth Fund’s strategic partnerships trial will see each local authority within the Glasgow city region, including North Lanarkshire, being invited to submit project proposals, including for projects focused on, I hesitate to say, green jobs in Coatbridge.

[Joy Morrissey (Beaconsfield) (Con)]

T1. If he will make a statement on his departmental responsibilities.

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[Seamus Logan (Aberdeenshire North and Moray East) (SNP)]

T9. Scotland’s goods exports to the US were worth over £3.7 billion last year, and scotch whisky exports were £971 million—the largest slice by value. If the Prime Minister cannot protect the UK and Scottish steel industries, how can Scottish people be sure that he will be able to protect our whisky industry from malicious US tariffs?

[The Minister for Trade Policy and Economic Security (Mr Douglas Alexander)]

I can assure the House that we are in regular touch with the Scotch Whisky Association. We fully appreciate the significance and importance of that industry not just to Scotland but to the UK. As my right hon. Friend the Secretary of State said, we are well served by a serious Prime Minister in these serious times, which affords us the opportunity for a dialogue in trade frankly not available to other countries.

[Mr Speaker]

I call the Chair of the Select Committee, Liam Byrne.

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[David Mundell (Dumfriesshire, Clydesdale and Tweeddale) (Con)]

I am sure that Ministers will join me in welcoming the £90 million investment by dairy firm Arla in the plant in my constituency, which will create up to 90 jobs. Does not that reinforce the fact that agriculture remains at the heart of the rural economy in constituencies such as mine? Should not the Government be supporting that industry, rather than trying to destroy it?

[Mr Alexander]

I can assure the House that we do welcome the investment of which the right hon. Gentleman speaks. Speaking on behalf of the constituency of East Lothian, I recognise fully the importance of the rural economy and agriculture’s contribution thereto. That is why we are in regular dialogue with the NFU and other key stakeholders.

[Claire Hazelgrove (Filton and Bradley Stoke) (Lab)]

Together with the Startup Coalition, I recently held a roundtable with brilliant local start-ups working out of Future Space at the University of the West of England. Issues that they have been facing for a long time include accessing the same opportunities and support for growth as larger businesses. Would the Minister please set out what support his Department will be providing so that our very smallest businesses can thrive too?

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[Julia Buckley (Shrewsbury) (Lab)]

Will the Minister outline what steps the Department is taking to help increase trade with the Asia Pacific, and in particular the Philippines, where a major local company in my constituency, Beaver Bridges, is hoping to expand and grow significantly, with the trade support of this Government?

[Mr Douglas Alexander]

I happen to be meeting the Philippine Government next week, although alas in London, not in Manila. The Department is working hard to agree a Government-to-Government financing framework partnership. That is just part of the work we have under way. If I can be of direct assistance to my hon. Friend and to her local business, I will of course be happy to speak to her.

[Lauren Edwards (Rochester and Strood) (Lab)]

The invest in women taskforce aims to drive investment in female-powered businesses at every stage. That includes putting more money in the hands of female investors, as we know that women back women. Does the Minister agree that one solution to tackling the gender disparity in investment decision-making roles is to set a minimum level of female representation for all investment committees that receive British Business Bank funding?