Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for International Trade
John Howell
Main Page: John Howell (Conservative - Henley)Department Debates - View all John Howell's debates with the Department for International Trade
(5 years, 6 months ago)
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Dr Fox
I thank the hon. Gentleman for his kind words. He is right—where we are able to take advantage of the innovation coming out of universities, we should make every attempt to do so. One reason that international investors give for putting money into the United Kingdom is the access to high-quality innovation that comes from the collaboration between industry and academia. Where we can take full advantage of that, including with bilateral relations elsewhere, we should do so.
John Howell (Henley) (Con)
The Secretary of State has already mentioned the UK-Israel Tech Hub, which is the first of its kind and has already generated business of £85 million. How does he see that developing over the coming years?
Dr Fox
I see it going from strength to strength, and as greater investment goes into both economies we will be able to scale up the innovation and creativity that is clearly shown in the tech sector. That will be of benefit not only to our two countries, but to the wider global economy.