Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

George Freeman Excerpts
Thursday 20th December 2012

(11 years, 11 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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In relation to the speed of the process, I was assured yesterday that the FSA will complete early in the new year a pilot it has undertaken to identify the range of companies that might be assisted. That will then be rolled out to all companies. There is a genuine problem of definition. Some companies are sophisticated and took on these swaps quite conscious of the risks involved; others were mis-sold them. The borderline between the two is not absolutely clear, but I agree with the hon. Lady’s general proposition—a view that other Members share—that a lot of small businesses have been severely mis-sold products and need to be assisted.

George Freeman Portrait George Freeman (Mid Norfolk) (Con)
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The rising world population means that by 2050 we will need to double world production, albeit with half as much water, land and energy. Does the Minister agree that British agricultural science, not least at the Norwich research park, has a potentially huge role to play in helping the world to feed itself? May I welcome the agricultural science strategy and ask that it look to draw in as much investment from around the world into Britain’s science base as possible?

Lord Willetts Portrait Mr Willetts
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This is an area where British science has a lead. We have already invested more in the Norwich science park, which I visited with my hon. Friend, and we will continue to do so as part of our industrial strategy.