Neil Gray
Main Page: Neil Gray (Scottish National Party - Airdrie and Shotts)Department Debates - View all Neil Gray's debates with the HM Treasury
(6 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
This is partly about public investment and partly about private investment to encourage the roll-out of full-fibre broadband technologies and give companies access to the funds that they need to make investments and take advantage of the public infrastructure. We will make further announcements about our forward broadband strategy during the summer.
Neil Gray (Airdrie and Shotts) (SNP)
The Scottish Government’s Budget included a 70% increase in investment in business R&D. To prevent that investment from being undermined by the Government’s approach to Brexit, will the Chancellor commit himself to maintaining the EU levels of R and D funding beyond the current cycle?
Mr Hammond
Once we have left the European Union the money that was reaching the UK from EU sources will be allocated to the UK shared prosperity fund, and over the course of this year we will consult on both the distribution and the application of those funds and the size that that fund should be.