Gary Streeter
Main Page: Gary Streeter (Conservative - South West Devon)(10 years, 7 months ago)
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I thank the hon. Gentleman for giving way and apologise for not informing him that I intended to intervene. I congratulate him on securing this important debate. It is vital that we achieve consensus on the role and importance of manufacturing in the UK, and I only wish that more Members from all parties were here to listen to what he has to say.
Is the hon. Gentleman aware of “Making Good”, the report of an inquiry chaired by the hon. Member for Stalybridge and Hyde (Jonathan Reynolds) and myself that forms part of the work of the all-party group on manufacturing, which is co-chaired by myself and the hon. Member for Huddersfield (Mr Sheerman)?
Order. Interventions are supposed to be brief, so please conclude.
Thank you, Mr Streeter. The report makes a number of important recommendations, from developing a long-term strategic fiscal framework to forming closer relationships with trade associations. I recommend the report to the hon. Gentleman and to anyone else who is interested in this debate.
Order. This is a half-hour debate. The more interventions that Mr McKenzie allows, the less time there will be for the Minister to make his response. I am sure that he will bear that in mind.
Where once our shipbuilding industry pushed the boundaries of design and introduced propellers, double-skinned hulls, bulbous bows and countless other improvements, we stopped pushing the boundaries and proclaimed as a nation that anyone could build a ship. Instead, we should have been saying that not everyone can build the ships of tomorrow. We stopped asking, “How can we improve this product?” and stopped challenging the accepted conformity to regulation.
In other sectors, the rapid adoption of technologies is essential to innovation, and has transformed existing industries. The success of our economy depends on the extent to which businesses in all industries and sectors invest in adapting technologies and building capacity in order to get ahead. This is particularly true now. Since the industrial revolution, economic downturns have, on the whole, always been followed by surges of innovation. Manufacturing can have a prosperous future, but only if we prioritise research and development.