Russian Oil Import Ban

James Davies Excerpts
Wednesday 9th March 2022

(2 years ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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The hon. Lady is absolutely right. We must work internationally across countries and come up with an alliance that can confront Putin in that way. That is why we are having an extraordinary meeting of G7 Energy Ministers tomorrow. However, it is relatively easier for us and American colleagues to shut ourselves off from that dependency than it is for colleagues in Europe, who are far more dependent on Russian gas and hydrocarbons.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
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I welcome my right hon. Friend’s statement about a ban on Russian oil imports. Does he agree that the increasing need for self-reliance on energy sources means that it is right that we invest in renewable energy schemes in this country, including the possibility of a large tidal range facility in north Wales?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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I hear the clamour for a tidal range facility in the Vale of Clwyd, and I am sympathetic towards it. My hon. Friend will, I am sure, be good enough to acknowledge that for the first time ever in the fourth auction round we have a tidal stream auction pot. We are committed to doing all we can to further the development of marine renewable energy.

Oral Answers to Questions

James Davies Excerpts
Tuesday 22nd February 2022

(2 years, 1 month ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
- Parliament Live - Hansard - - - Excerpts

The hon. Gentleman will appreciate that issues of settlement and asylum are ably dealt with by my right hon. Friend the Home Secretary. I engage with her constantly in respect of employment schemes for people who wish to come into this country.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
- Parliament Live - Hansard - -

T6. Is my right hon. Friend aware of Rolls-Royce SMR’s plans to set up small modular reactor factories here in the UK? Does he agree that the high-skilled, long-term jobs in such factories could significantly help to level up north Wales and contribute to both net zero and a global Britain that exports more around the world?

Greg Hands Portrait Greg Hands
- Parliament Live - Hansard - - - Excerpts

As the current energy Minister and the former exports Minister, I agree entirely with my hon. Friend on the export potential of the Rolls-Royce SMR technology, which has the potential to provide levelling-up jobs precisely in areas such as north Wales, as he so ably urges.

Green Energy in the North-west

James Davies Excerpts
Wednesday 23rd June 2021

(2 years, 9 months ago)

Westminster Hall
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Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.

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James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
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It is a pleasure to speak under your chairmanship, Mr McCabe. I congratulate the hon. Member for Birkenhead (Mick Whitley) on bringing forward this very important debate.

I believe that the growing green-energy sector in the north-west and north Wales is integral to the success of our region. As the chair of the all-party parliamentary group on Mersey Dee North Wales, I am committed to supporting it in any way that I can. I am also pleased to be holding a local COP26 summit in my constituency this coming Friday.

Green energy infrastructure will increasingly provide direct and indirect employment, help establish the region as a centre for technological development and contribute to the UK-wide goal of net zero carbon emissions by 2050. My comments today will be almost entirely positive, but I want to put on the record my concern that significant work has yet to take place to begin to decarbonise the region’s transport. Travel in the area predominantly takes place by car, but there is currently a distinct lack of electric-vehicle charging infrastructure. Although many of the elements in the Government’s 10-point plan provide our region with an outstanding set of opportunities, it is important that we are not left behind on that issue.

There is also particular work to be done to achieve a modal shift from road to rail, and achieving that will require investment in rail infrastructure, as per the Growth Track 360 plan, and the decarbonisation of the existing network. The Irish sea is home to a number of offshore windfarms, including North Hoyle, Rhyl Flats, Burbo Bank and Gwynt y Môr, for which an extension, Awel y Môr, is currently being sought. Round 4 of the Crown Estate’s leasing programme proposes the development of three new areas of seabed between north Wales and the Isle of Man, possibly with new floating turbine technology. The region is also home to a significant nuclear sector cluster, known as the north west nuclear arc. It remains extremely important that attempts are made to deliver a Wylfa Newydd nuclear power station on Anglesey.

I am extremely pleased that the north-west is one of the Government’s industrial super-places. Critical to that is the work of HyNet, which aims to be the world’s first low-carbon industrial cluster, serving north-west England and north-east Wales. HyNet will convert natural gas to hydrogen at Stanlow, with carbon dioxide being successfully captured and stored in the former hydrocarbon fields in Liverpool bay, just off my constituency. I have engaged positively with HyNet representatives about their work, and I very much hope that when my right hon. Friend the Minister is discussing the Government’s cluster sequencing decision before 25 October, she looks favourably on HyNet North West.

Our region is also blessed with a lengthy coastline. The Morlais project in Anglesey is a tidal-flow demonstration zone, while tidal-range projects are increasingly of interest. One tidal lagoon has been proposed between Colwyn bay and Prestatyn, while another would be located in the Dee estuary at Mostyn. I know that there is huge interest also in the Mersey.

Tidal range has the potential to offer plentiful and reliable energy over the course of an exceptional operating life, while providing a valuable coastal flood-defence function in many cases. The UK’s world-leading tidal resource and expertise across finance, engineering and construction offer a significant opportunity for this alternative renewable energy source to help to reach our requirements while creating jobs and growth in priority regions such as ours.

The Tidal Range Alliance on behalf of the whole industry recently submitted a request for £20 million of grant funding to undertake pre-feasibility assessments of the most promising tidal-range projects and key staging technologies and constraints. In addition to my ask on HyNet, I would be grateful, therefore, if the Minister would look favourably on the proposed tidal-range assessment fund, as I believe it could pay dividends. Our region will be critical in leading the way on green energy.

Oral Answers to Questions

James Davies Excerpts
Tuesday 23rd March 2021

(3 years ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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I would be delighted to meet the hon. Member and her associates in this enterprise. She will know that as Minister of State for Energy I was particularly keen on this new technology and I commissioned a hydrogen strategy that will be published in the next couple of months. I am very interested in this and of course I would be delighted to meet her and her colleagues.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con) [V]
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The future of plans for the Wylfa Newydd nuclear power station on Anglesey has been uncertain since Hitachi withdrew its interest. Other companies have, however, expressed an interest in the development, which could secure thousands of highly skilled jobs in north Wales. Will my right hon. Friend therefore meet me, the all-party Mersey Dee North Wales group and industry representatives to discuss the future of nuclear in the region?

Kwasi Kwarteng Portrait Kwasi Kwarteng
- Hansard - - - Excerpts

I would be absolutely delighted to meet my hon. Friend and the bodies that he has mentioned. We are absolutely committed to nuclear power and to the people of north Wales, in particular. Wylfa is still a prime candidate for new nuclear power and I look forward to pursuing our discussions to see what may be done in this regard.

Budget Resolutions and Economic Situation

James Davies Excerpts
Tuesday 9th March 2021

(3 years ago)

Commons Chamber
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James Davies Portrait Dr James Davies (Vale of Clwyd) (Con) [V]
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It is a pleasure to follow the hon. Member for Birmingham, Erdington (Jack Dromey). In what are extremely challenging circumstances, I commend this Budget for meeting so many of the immediate and longer-term needs of north Wales. The extension of furlough for the employed and self-employed, the continued VAT reduction for hospitality, holiday accommodation and attractions, and the freezing of alcohol duty are all welcome measures that provide security, particularly for the hospitality and tourism sectors during what we hope are the final stages of the pandemic.

Those sectors are extremely important in a constituency such as the Vale of Clwyd. In addition to the Chancellor’s Budget measures, there is a desperate need for the Welsh Government to publish a road map out of lockdown to align with the clear measures set out by the Prime Minister. The medium to long-term commitments that the Chancellor has made will provide the boost that is needed to address local pockets of deprivation and to ensure levelling up in more general regional economic performance.

The Budget included funding that will provide tangible benefits to my constituents. Denbighshire County Council is a direct beneficiary of the Budget, receiving £125,000 of capacity funding from the levelling up fund and an additional £20,000 for similar purposes from the community renewal fund. These programmes open up the possibility of many millions of pounds of support for the county within the next year or so to promote local regeneration. I look forward to working with the council to secure a turnaround in the fortunes of Rhyl high street, and with my right hon. Friend the Member for Clwyd West (Mr Jones) and my hon. Friend the Member for Clwyd South (Simon Baynes), to see investment in other town centres in the area. I also welcome the community ownership fund, which has the potential to be a major boost for all those who desperately want the Belle Vue ground to remain the home of football in Rhyl.

It was announced at the Budget that the north Wales growth deal will be reprofiled, with funding being brought forward from 15 years to 10 years. This will mean an extra £4.4 million per year from this April for nine years. It is hoped that this investment will create 3,800 new jobs and deliver a £2.2 billion boost to the local economy. This deal alone is set to help redevelop the former North Wales Hospital in Denbigh, support high-value manufacturing in St Asaph, and boost digital connectivity and green energy projects.

As we bounce back from the coronavirus, this transformation of our local communities and economy will be very welcome. I sincerely hope that, in the months ahead, these measures will be matched with further commitments to boost regional rail infrastructure, and I very much look forward to the findings of Sir Peter Hendy’s Union connectivity review. I am confident that this Budget puts north Wales and the whole of Britain in a strong position to recover and grow following a particularly challenging year for us all.

Oral Answers to Questions

James Davies Excerpts
Tuesday 15th December 2020

(3 years, 3 months ago)

Commons Chamber
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The Secretary of State was asked—
James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
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What steps his Department is taking to support the development of hydrogen energy.

Duncan Baker Portrait Duncan Baker (North Norfolk) (Con)
- Hansard - - - Excerpts

What steps his Department is taking to support the development of hydrogen energy.

Alok Sharma Portrait The Secretary of State for Business, Energy and Industrial Strategy (Alok Sharma)
- Hansard - - - Excerpts

Both the Prime Minister’s 10-point plan and our energy White Paper, which we published yesterday, set out our bold ambition for the UK to be a world leader in low-carbon hydrogen. As set out in the White Paper, we are determined to make tangible progress in this important sector, including by investing £240 million through the net zero hydrogen fund and supporting industry to begin a hydrogen heating trial in an entire neighbourhood by 2023. We will publish a comprehensive hydrogen strategy early next year.

James Davies Portrait Dr James Davies
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The development of hydrogen energy can lead to thousands of new jobs UK-wide, including an estimated 6,000 in my region through the HyNet project. Will my right hon. Friend do all he can to help HyNet access industrial decarbonisation challenge funding to allow it to progress?

Alok Sharma Portrait Alok Sharma
- Hansard - - - Excerpts

My hon. Friend is absolutely right: this is all about jobs—high value-added jobs. He, along with other colleagues in the House, makes the case at every opportunity for the HyNet project, and it is very lucky to have him as a champion. As he will know, HyNet has already received funding through phase 1 of the industrial decarbonisation challenge, as well as £13 million of support through the Department for Business, Energy and Industrial Strategy energy innovation programme. We will announce the winners of the next phase of the industrial decarbonisation challenge in spring next year.

Energy White Paper

James Davies Excerpts
Monday 14th December 2020

(3 years, 3 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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As the hon. Gentleman knows, the £3 billion funding that the Chancellor announced some months ago includes funding for social housing. We are making progress with the green homes grant. Thousands of vouchers have been issued, and the Department is doing its bit daily to ensure that we issue more vouchers to those who have applied and have more installers coming on to the system.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
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The north Wales Mersey Dee region has the potential to be at the centre of a green industrial revolution, from Wylfa Newydd and offshore wind to a gigafactory, hydrogen production and carbon capture, but there is also great interest in harnessing tidal energy, as my right hon. Friend the Member for Clwyd West (Mr Jones) said, so will the Secretary of State take this on board? Will he also acknowledge the coastal protection benefits that a tidal lagoon could bring?

Alok Sharma Portrait Alok Sharma
- Hansard - - - Excerpts

It is clear that there is huge support on this side of the House for marine energy projects, and as I have said, we want to look at any projects that come forward that can be supported by the contracts for difference auction process during next year and by any innovation funding that is available.

Charity-funded Medical Research

James Davies Excerpts
Tuesday 24th November 2020

(3 years, 4 months ago)

Westminster Hall
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Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.

Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Esther McVey Portrait Esther McVey (in the Chair)
- Hansard - - - Excerpts

I remind Members of the changes to normal practice to support the new call list system and ensure that social distancing can be respected. Before they use them, Members should sanitise their microphones using the cleaning materials provided, which they should dispose of as they leave the room. Members should respect the one-way system around the room.

Members may speak only from the horseshoe and only if they are on the call list. Even if debates are under-subscribed, Members cannot join the debate if they are not on the call list. They are not expected to remain for the winding-up speeches, and there is less expectation now that Members will stay for at least two speeches: once they have spoken, they may leave the room.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
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I beg to move,

That this House has considered recognising and preserving the value of charity-funded medical research in the 2020 Spending Review.

It is a pleasure to serve under your chairship, Miss McVey. I should like to record my thanks to the Backbench Business Committee and the Chairman of Ways and Means for granting time for this important debate before tomorrow’s spending review. I also thank the British Heart Foundation for its assistance with preparations for this debate.

The UK Government website states that

“our world-class research and researchers play a vital role in delivering local and national economic prosperity but we recognise that some of that research is at risk from a range of income losses as a result of Covid-19.”

I agree wholeheartedly with that statement and emphasise that we acknowledge the extremely valuable scientific and medical contributions that they make.

As I hope to set out, charity-funded medical research has lost a great deal as a result of covid-19. If its contribution to the UK and, indeed, to the world is to continue, the Government must consider further support, particularly ahead of tomorrow’s spending review.

Life sciences research and development is funded through a broad partnership between Government, universities, the private sector and charities. In 2019, charities funded £1.9 billion in UK research and development. This year, medical charities have seen the closure of their charity shops, the cancellation of fundraising events and a drop in public donations.

The true value of charity-funded medical research is often under-appreciated, and to understand the gravity of the situation in which the sector finds itself we must first acknowledge the contributions it has made to society in a normal year. A 2017 report published by the Association of Medical Research Charities found that 397 unique medical products and interventions were produced further to charitable awards, most of which were drugs and diagnostic tools but the list includes a gas delivery ventilator system to help to protect long-term brain function in babies starved of oxygen at birth and new immunotherapies for cancer. These are practical benefits of research that save lives immediately, but in the medium to long term the development and sharing of knowledge is key.

Medical research charities have produced hundreds of models and more than 26,000 unique publications that go on to inform research for years to come. The production of such publications is not straightforward or free: it is largely unseen work that is essential to developing practical solutions to healthcare challenges. This knowledge, which has improved our understanding of diseases such as Alzheimer’s dementia, has also been used to inform policy making.

Throughout this pandemic the Government have outlined that their policy decisions have been guided by the science. I fully support that approach and I know that it extends to all medical and healthcare policies. The Association of Medical Research Charities reports that in 2017 there were 166 citations in policy documents which referred to research linked to medical research charities and 536 examples of researchers directly providing advice to Government. From clinical reviews to participation in advisory committees, the combined knowledge of medical research charities and their staff has critical value.

It is important to note that practical healthcare solutions and knowledge development are not exclusive to the research of major diseases. Thousands of people in the UK live with rare diseases and in 2018 alone medical research charities invested £142 million in 640 rare disease projects. Without ongoing research conducted by well-funded specialists, we risk declining health outcomes for many who suffer from all conditions, but particularly those that are less common.

Further to the expansive scientific and practical value of charity-funded medical research, there is a significant economic element. Last year, in Wales alone, 53 charities funded 289 active grants worth £89.7 million benefiting research institutions such as universities and NHS organisations. More than one third of charities associated with the AMRC projects that are being carried out are in Wales. At pre-pandemic levels, more than 17,000 highly skilled jobs were supported directly in the sector throughout the UK. It is thanks to the tireless work of these experts and their support teams that, for every £1 spent on research by public and charitable funders, there is a return of 25p per year in perpetuity. The financial value of the charitable sector is perfectly demonstrated by the British Heart Foundation, which made an investment of £476 million last year, leading to researchers leveraging £1.27 billion.

Unfortunately, as has been seen across the board, covid-19 has been catastrophic for medical research, posing immediate challenges as well as medium and long-term charity-funded uncertainties. The AMRC estimates that such charities lost 38% of their fundraising income between March and May 2020, leading to an immediate shortfall of £310 million this year. Predictions go on to warn of a 41% fall in research spend in this financial year, and reports from the Institute for Public Policy Research expect a shortfall of up to £7.8 billion in UK research and development spending between now and 2027. The British Heart Foundation alone lost £10 million in revenue during each month of the spring lockdown, and current restrictions will cost another £7 million. Because of this, the organisation has already halved its research budget for next year—a reduction of £50 million. Likewise, Cancer Research UK has been forced to cut £44 million from its research spending. Unfortunately, this approach has been necessary among many other charities, too. The current trajectory shows that it will be at least half a decade until we return to pre-pandemic levels and without a change there will be significant implications for jobs and health outcomes.

I know that many charities are grateful for the support that they have received from the UK Government through schemes such as the coronavirus job retention scheme, which has been extended to March next year, but with the overall reduction in income and consequently fewer research projects, many of those positions may not be sustainable. A survey of more than 500 charity-funded early career researchers in the UK found that four in 10 are considering leaving research due to funding concerns arising from the covid-19 pandemic. In total, half of researchers say that their funding will expire by the end of 2021. Of those, two thirds have been unable to secure funding to take them to the next stage in their careers. Cancer Research UK worries that, without support, it could be forced to lose 1,500 researchers—more than one third of its research workforce. It is worth putting on record that such jobs are highly skilled positions that require extensive research infrastructure and if we lose them, they may never return. Muscular Dystrophy UK notes that it funds new PhD students at each grant round, so without financial support not only are we damaging the industry now but there will be worrying implications for British research.

Medical research charities have, sadly, been unable to access the £750 million of additional funding made available in April to support charities providing essential services. This is despite many charities pivoting their research to support the national covid-19 effort, including Cancer Research UK labs providing testing kits and Asthma UK providing an essential post-covid hub and helpline for people left with breathing difficulties.

The number of patients entering Welsh research studies fell by 23.8% between 2018-19 and 2019-20. At the UK level, at the height of the first lockdown, the AMRC reports that 73% of clinical studies and trials funded by charities were paused or delayed. This number remained at 43% even in September. The expectation of some in the industry is that, unfortunately, some of these trials will never restart. We must do all that we can to reverse this trend.

So what action is required? It is vital that we fund research to better prevent, diagnose and treat illnesses, a view shared by my constituent Mandy Swift who sustained two heart attacks in her early 50s and spoke out recently about the need for women to better understand their risk of a heart attack and its symptoms. Preserving charity-funded medical research needs to be a priority for the Government. We now stand at a crossroads and decisions taken in the days and weeks ahead can influence the future of charity-funded medical research for the next decade. As we reach the end of the transition period and want to retain our status as a global leader in this sector, we must provide the support that is necessary.

The Government have already pledged money through the sustaining university research expertise—SURE—package. I am delighted that, by introducing this programme, the Government have publicly acknowledged the value of our unique research and development ecosystem. However, it is unclear how charities will be able to engage with this funding. The spending review and the Chancellor’s statement tomorrow is an ideal opportunity to bring forward the further support that is much needed. I know that the charity-funded medical research sector is one of the many sectors calling for a bespoke package of support and, indeed, I am sympathetic to calls from many other industries. However, the unique contribution of medical research to our health, wellbeing and economy is unmatched. Charities fund research in every region of the UK, contributing to regional growth and the Government’s levelling-up agenda. Ultimately, this research also leads to health improvements, particularly in areas of unmet health need and inequality.

Organisations, including the AMRC, the Royal College of Physicians, the British Heart Foundation, Cancer Research UK, Muscular Dystrophy UK and the Francis Crick Institute, have all been in touch with me in the run-up to this debate calling for a life sciences charity partnership fund. This proposal centres on the three-year settlement to provide a match-funding arrangement that would contribute £310 million in year one to protect and enhance our status as a science superpower. The parameters of such a scheme could be settled upon by the Treasury in consultation with the sector. The Royal College of Physicians specifically notes that funding should be targeted to support more research activity in rural areas, such as north Wales, that often carry the highest disease burden but the lowest research activity. Some 40% of those working in rural hospitals would like to be more involved in research, and that figure is 12% higher than for reported respondents in city hospitals.

The Royal College of Physicians has proposed that, in areas where research activity is low, a trial should be programmed whereby 20% of consultants have 20% of their time protected for research. Such potential approaches are important. As the AMRC points out, during the pandemic its members in Greater London have been twice as likely to have secured funding than those outside the capital, leading to a risk that a charity funding crisis may exacerbate regional divides. Without much-needed support, more than 50% of the AMRC’s members have indicated that the impact of covid-19 on their research portfolio will have implications for the UK’s ability to attract research talent and global research leadership.

As the Government publicly acknowledge, we have a world-class research system and researchers too but, as a result of covid-19, thousands of scientists and projects are at risk. That concerns me greatly as a GP. Charity-funded medical research has been an intrinsic part of our national R&D ecosystem for decades, contributing to major scientific breakthroughs, the advancement of knowledge and economic growth. Without action soon, we risk years of poor research outcomes and thousands of highly skilled jobs being lost. Although some support has thankfully been made available, I believe that the spending review provides the Government with the perfect opportunity to extend that, ideally through a life sciences charity fund. I hope that such a plan is already in the Chancellor’s mind. If not, I ask the Minister to make him aware of today’s debate.

As the UK Dementia Research Institute notes, charity-supported medical research has been prominent in national efforts to tackle the outbreak. As attention turns to long-term impacts, we must ensure that medical research is supported now and into the future.

Esther McVey Portrait Esther McVey (in the Chair)
- Hansard - - - Excerpts

I plan to call the Front-Bench spokespersons no later than 10.30 am. I hope that will allow colleagues to judge the length of their speeches.

--- Later in debate ---
James Davies Portrait Dr James Davies
- Hansard - -

I thank the Minister very much for her response and colleagues in the Chamber for their contributions. We have heard powerfully from everyone about the challenges facing the sector. Numerous vaccines are on the way and we very much hope that by Easter we will have some return to normality. Even so, we have heard how the sector will struggle for many years to come, even in that apparently good scenario.

I thank the hon. Member for Blaydon (Liz Twist) for emphasising the good charitably-funded work she is aware of on breast cancer and muscular dystrophy and by the Alzheimer’s Society. My hon. Friend the Member for Bolton West (Chris Green) certainly took the opportunity to highlight the pandemic’s impact and the importance of supporting research in the north of the country. The hon. Member for Bath (Wera Hobhouse) referred to eating disorders and the hon. Member for York Central (Rachael Maskell) emphasised the difficulties that charities are under, in some cases because of their core costs. I also thank the Front Benchers for all their warm words in that regard.

The Minister kindly outlined some of the support already available to the sector. I know she has listened to the debate and will take back the comments she heard. In particular, regarding the SURE fund, I ask the Minister to take good note of feedback from the charity sector, because I know it has great concerns about how the fund will relate to it. Finally, I ask the Minister to go back to the Chancellor and emphasise the need for this sector to receive assistance, whether through a life sciences charity partnership fund or other means.

Question put and agreed to.

Resolved,

That this House has considered recognising and preserving the value of charity-funded medical research in the 2020 Spending Review.

Oral Answers to Questions

James Davies Excerpts
Tuesday 29th September 2020

(3 years, 6 months ago)

Commons Chamber
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Craig Williams Portrait Craig Williams (Montgomeryshire) (Con)
- Hansard - - - Excerpts

What steps his Department is taking to support businesses during the covid-19 outbreak.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con)
- Hansard - -

What steps his Department is taking to support businesses during the covid-19 outbreak.

Alok Sharma Portrait The Secretary of State for Business, Energy and Industrial Strategy (Alok Sharma)
- Hansard - - - Excerpts

My Department has delivered a wide range of measures as part of the Government’s unprecedented support package. That includes £11 billion in grants supporting almost 900,000 business premises and over £57 billion in loan guarantees to over 1 million businesses across the UK. We have also extended the deadline for the loan schemes to the end of November, ensuring that there is further support for those who need it.

Alok Sharma Portrait Alok Sharma
- Hansard - - - Excerpts

I agree with my hon. Friend: we need to build back better and build back greener. CCS will be an essential part of the transformation to a low-carbon economy, and it presents an opportunity for the creation of high-value jobs, which we want to see in our country. We have already announced a CCS infrastructure fund of £800 million to deploy carbon capture and storage in at least two industrial clusters over the next decade.

James Davies Portrait Dr Davies
- Hansard - -

Many businesses in the Vale of Clwyd welcome the measures that the Chancellor announced last week, but some local and regional employers of all sizes still face significant challenges—none more so than Airbus. Will my right hon. Friend recommit to doing all he can to support Airbus and its highly skilled staff at this particularly uncertain time?

Alok Sharma Portrait Alok Sharma
- Hansard - - - Excerpts

My hon. Friend and other Members are champions for the businesses in their constituencies. Airbus has been discussed with me and other ministerial colleagues. Of course, Airbus is a vital part of UK aerospace. We are currently providing the aerospace and aviation sector with over £8.5 billion of support through the covid corporate financing facility, R&D grants, loan guarantees and export support. We are in regular dialogue with Airbus, to see how we can assist it and its employees.

Covid-19: Business

James Davies Excerpts
Tuesday 12th May 2020

(3 years, 10 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
- Hansard - - - Excerpts

I would not say that businesses have been excluded. Indeed, if we look at the range of what is available in terms of loan schemes it covers the smallest businesses right to the very largest. We are seeing significant take-up particularly of the Bounce Back loan scheme. I made an announcement about the top-up to the local business grant fund scheme that we already have—almost £9 billion has gone out. This is a discretionary fund that is being set up to support businesses as well.

James Davies Portrait Dr James Davies (Vale of Clwyd) (Con) [V]
- Hansard - -

Will my right hon. Friend confirm that he is looking at how certain tourism and leisure facilities might open safely as and when the covid alert level is low in all parts of the UK?

Alok Sharma Portrait Alok Sharma
- Hansard - - - Excerpts

I know that my hon. Friend is a champion for businesses in his constituency and he will be concerned for them. The Prime Minister has set out a timeline, but, as he has said, we also have to be cautious about how we proceed. We are currently looking at hospitality opening at some point in July, but that is entirely dependent on making sure that we keep the R factor down. In the meantime, as my hon. Friend knows and has heard from the Chancellor, additional support is being provided.