AstraZeneca

Debate between Lindsay Hoyle and Victoria Collins

Monday 3rd February 2025 Commons Chamber

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Victoria Collins (Harpenden and Berkhamsted) (LD)]

This news makes for yet another disappointing day for the UK’s investment landscape. We could be a global leader in innovation, but ever since the previous Conservative Government’s scrapping of the industrial strategy businesses have been left with uncertainty. The life sciences sector is vital not just for economic growth, but for our health and technological innovation. It contributes over £43 billion to the UK economy, supports thousands of highly skilled jobs and drives breakthroughs in medicine and healthcare, yet in conversations that I have had with businesses, I have heard time and again how the UK’s fragmented approach to investment is holding them back. That is why I have highlighted those concerns in previous questions to the Secretary of State.

The Government have promised to publish “Invest 2035” this spring, but right now companies still have no detail on what support will be available and when. Without urgent action, we risk more world-leading firms following AstraZeneca’s lead and taking their investments elsewhere. Will the Minister please confirm exactly when the final Invest 2035 strategy will be published? The Government said that the decision was based on value for money, so will the Minister and the Secretary of State also publish the impact assessment, so that we can see for ourselves?

Oral Answers to Questions

Debate between Lindsay Hoyle and Victoria Collins

Wednesday 8th January 2025 Commons Chamber

[Mr Speaker]

Order. Secretary of State, please. I am sure you want me to get to the other questions. I call the Liberal Democrat spokesperson.

[Victoria Collins (Harpenden and Berkhamsted) (LD)]

Many of the companies I have spoken to who are supporting technological innovation in the NHS and beyond talk about their frustration at the comparative difficulty of getting funding in the UK and say that the British Business Bank could do much more to de-risk investment and unlock innovation. What are the Government doing to reform funding and provide an oasis in what has become known as the funding valley of death?

Oral Answers to Questions

Debate between Lindsay Hoyle and Victoria Collins

Wednesday 20th November 2024 Commons Chamber

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Victoria Collins (Harpenden and Berkhamsted) (LD)]

Increasing levels of innovation across the UK are crucial to unlocking growth and solving some of our biggest problems. That is why I was worried to read about the Secretary of State saying that we have to apply “a sense of statecraft” to working with multinational tech companies. Does the Minister agree that what we should be doing is working with such companies as companies, not states, focusing on increasing healthy competition and supporting innovative UK businesses so that they are not left with the choice of being bought up or leaving the UK?

Oral Answers to Questions

Debate between Lindsay Hoyle and Victoria Collins

Wednesday 16th October 2024 Commons Chamber

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Victoria Collins (Harpenden and Berkhamsted) (LD)]

People and businesses in my constituency, like many elsewhere, are plagued with patchy access. Andy from Wheathampstead has found that the only way he can move on to working from home and running a business is to have expensive satellite broadband. Will the Secretary of State commit to ensuring that every home and business has access to gigabit broadband in rural and remote communities, and will he also ensure that there are bespoke solutions so that no home or business is left out?