Oral Answers to Questions

Debate between George Freeman and Chris Stephens

Wednesday 14th June 2023 Commons Chamber

[Chris Stephens (Glasgow South West) (SNP)]

5. What assessment she has made of the potential impact of the UK's departure from the EU on the science and technology sector.

[The Minister for Science, Research and Innovation (George Freeman)]

Over the past six or seven years since 2016, this country has seen extraordinary growth in investment in our science and technology sector. Members do not need to take it from me: they can take it from those who track the investment. The UK has nearly 20 times more venture capital than its level of funding in 2011, and I am delighted to say that a majority of that—the fastest growth—is around the country. The east midlands and Northern Ireland have seen the sharpest increases in investment in the past four years, with growth in the east midlands topping at 300%. Something extraordinary is going on in this economy, and far from using Brexit as an opportunity to talk the country down, we intend to use it as an opportunity to lead in the smart regulation of the economies and sectors of tomorrow.

[Chris Stephens]

I thank the Minister for that answer, but the UK Government are pushing for a discount on membership in the Horizon programme, arguing that UK researchers have been disadvantaged by two years outside that programme. Does that not amount to the Conservative party openly admitting that cutting the UK off from Europe was damaging, and that we must return as a matter of urgency to European projects such as Horizon?

[George Freeman]

To be very clear, we negotiated membership of Horizon, Copernicus and Euratom specifically in our Brexit deal—it was the EU that held us out. Secondly, while we have been waiting, we have deployed over £1 billion of extra funding here in the UK to support our sector, and now that the Prime Minister has secured the Windsor framework, the negotiations are actively going on. I know that the Secretary of State will want to say something about that later. We intend to collaborate deeply with Europe and use our regulatory freedoms in the new sectors of tomorrow.