Budget Resolutions and Economic Situation

Debate between Geraint Davies and Michelle Donelan

Monday 20th March 2023 Commons Chamber

[Michelle Donelan]

It may have escaped the hon. Member, but we have had a global pandemic and a war in Ukraine.

We are using these firm foundations to build long-term sustainability and healthy growth—growth that will bring security, prosperity and opportunity to British businesses and British people. To get that growth, we are on a trajectory of innovation in every part of our economy. Since the industrial revolution, our country’s willingness to rethink and reimagine has led to the inventions of the telephone, the TV, the world wide web and much more. That is why, under this Government, our tech sector has already become third in the world to reach a value of $1 trillion, behind only the US and China. We are ranked fourth above China, Germany and Japan in the global innovation index, we are second in the global talent index and we have four of the world’s top 10 universities.

I could go on, but we are not a Government who are focused on where we were or where we are; we are a Government who are focused on the future. That is why we have set up the Department for Science, Innovation and Technology with one single mission—making Britain a science and technology superpower. It has been just six weeks since we became the new Department, and we have already published the UK science and technology framework, setting out our vision for science and technology. We have responded to the second largest bank failure in the US, and this Government helped facilitate a deal to save the UK arm of Silicon Valley Bank, protecting thousands of important jobs in the life sciences and tech companies, and safeguarding them in the long-term.

In the Budget, we announced a staggering £2.5 billion of funding for the quantum technologies that we anticipate will revolutionise everything from healthcare to farming. That built on the announcement we made of £370 million of new moneys for things such as technology missions, which will set Britain up to lead on artificial intelligence, quantum technologies, bioengineering and much more. These things matter, because the British public rightly expect Britain to be leading in the technologies of the future and for these technologies to deliver real tangible benefits to their local communities and their families.

[Geraint Davies (Swansea West) (Lab/Co-op)]

The Secretary of State will know, because I have told her before, that there are 1,000 jobs across universities in Wales that are about just to end because of the sudden end of EU structural funding. The Government promised that not a penny less would go to Wales for those jobs in 260 projects that are generating green growth in high-tech areas. Will she keep those jobs going by providing bridge funding for the next year?

[Michelle Donelan]

The hon. Member has already raised that with me, and I have already said that I will meet him to discuss it. The Government have of course launched the shared prosperity fund, and we will ensure that spending on research and development outside the south-east is increased by 40% by 2030.

Oral Answers to Questions

Debate between Geraint Davies and Michelle Donelan

Monday 26th April 2021 Commons Chamber

[Michelle Donelan]

International students, including those from India, are indeed a vital and valued part of our higher education sector and communities. The UK was one of the first countries to introduce important visa concessions for international students at the very start of the pandemic. That has been flexible throughout, including extending the deadline for eligibility for the graduate route to 21 June. We continue to work with the Department of Health and Social Care to ensure that the UK remains as accessible and welcoming as possible. International students are also eligible for the additional £85 million that we have given universities for support with hardship.

[Geraint Davies (Swansea West) (Lab/Co-op)]

  If he will make a statement on his departmental responsibilities.