Oral Answers to Questions Debate
Full Debate: Read Full DebateJulian Sturdy
Main Page: Julian Sturdy (Conservative - York Outer)Department Debates - View all Julian Sturdy's debates with the Department for Business, Energy and Industrial Strategy
(6 years, 2 months ago)
Commons ChamberI agree with the hon. Gentleman; this potash project is very exciting and very good for the UK. It is exactly the kind of business that he would want in his area, and it will help businesses throughout the United Kingdom.
When it comes to science, research and innovation, this Government are putting their money where their mouth is. We are investing an additional £7 billion in research and development funding by 2022—the biggest ever increase in public funding. Our ambition is to increase the UK’s R&D spend to 2.4% of GDP by 2027, which will be an additional £80 billion over the next decade to help us to dominate the new industries of the future.
The industrial strategy’s commitment to supporting new innovation and investment in science and technology for food production was much welcomed, especially in areas such as North Yorkshire. Will the Minister update the House on what the Government are doing to deliver on these ambitions so that we can fully realise the sector’s potential as a source of high-skill jobs and growing exports?
My hon. Friend is right to mention agri-tech. As he is aware, we set out in the industrial sector that agri-tech is one of the six priority areas for the artificial intelligence and data economy grand challenge. On progress in what we are doing, we have announced a £90 million transforming food production challenge, which will continue to bring together the UK’s world-class agri-food sector with expertise in robotics, AI and data science.