Newport Wafer Fab Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Stirrup
Main Page: Lord Stirrup (Crossbench - Life peer)Department Debates - View all Lord Stirrup's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 11 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Callanan (Con)
The noble Lord is of course aware that we have announced action in both of those cases: both the instances he mentioned are currently being reviewed. As I said, if we need to take action, we will. On his broader question about semiconductors, we already offer a lot of support to industry through the research councils and the catapults and will continue to do so. It is an area that the Government are acutely aware of.
Lord Stirrup (CB)
My Lords, this is part of much wider picture, of course. Can the Minister assure the House that, in their forthcoming national resilience strategy, the Government will deal with such industrial issues in a sufficiently agile way that will be able to cope with a rapidly evolving corporate and technological landscape?
Lord Callanan (Con)
The noble and gallant Lord makes a good point, which is why we have strengthened our powers under the National Security and Investment Act, recently passed in this House. We look forward to implementing that legislation on 4 January. It will require notifications in 17 key areas of the economy. On top of that, the Secretary of State has additional call-in powers.