Oral Answers to Questions

Julian Sturdy Excerpts

Tuesday 11th June 2019 Commons Chamber

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Andrew Stephenson)]

I regularly speak with a range of steel companies. Since 2013 the Government have provided more than £291 million to the steel sector for the costs of renewables and climate change policies, including over £53 million compensation during 2018.

[Julian Sturdy (York Outer) (Con)]

T6. York Instruments, based in my constituency, is doing ground-breaking work developing advanced medical devices, attracting £10 million of private investment from the US to sustain 41 high-skilled jobs. Can the Government assure me that they are doing everything possible to facilitate this kind of investment, which can be very difficult for some small businesses to navigate?

[Greg Clark]

I can indeed, and I commend my hon. Friend for bringing this matter to the attention of the House. The life sciences sector deal has provided a means for investment to take place right across the sector. In fact, that deal has been so successful that we are on the second version of it, and further investments will be announced shortly.