(1 year, 8 months ago)
Commons ChamberI completely agree with my hon. Friend. Our work in semiconductors is important not just for national security but for economic security, and we have some key strengths when it comes to research and development for semiconductors, and our compound semiconductor manufacturing sector. We will continue to support semiconductors and come forward with that strategy in the coming days or weeks.
Research projects at Welsh universities face an immediate cliff edge with the end of European funds, which will run out at the end of the month, endangering 60 projects and 1,000 jobs. This affects the whole of the UK, but there is a specific issue in Wales due to the concentration of European funding there over the years. Can I therefore use this statement to ask the Secretary of State whether she will discuss with the Treasury the need to announce bridge funding in the Budget next week to protect these projects while the replacement funding is settled?
I am aware of this issue, as is my ministerial team, and we pledge to meet the hon. Member to discuss this in detail in the coming weeks.