Oral Answers to Questions

Olly Glover Excerpts

Tuesday 9th December 2025 Commons Chamber

[James Murray]

We have a proud history of manufacturing in this country, including in my hon. Friend’s constituency, and we will capitalise on that history as we drive our future growth. The UK is a leader in bus manufacturing, and the Government are committed to supporting the sector, including through the Department for Transport’s UK bus manufacturing expert panel. As a Government, we want to back British buses, unlike the SNP.

[Olly Glover (Didcot and Wantage) (LD)]

T10. The Government created the National Wealth Fund to encourage investment in innovation in critical sectors, such as clean energy and sustainable aviation fuel. How will the Chancellor make sure that the wealth fund uses different, and maybe even better, risk criteria than commercial banks and financial entities?

[James Murray]

The National Wealth Fund is at the forefront of public investment, investing in early-stage companies and projects to support innovation, boost jobs and create growth. It will work closely and collaboratively with other public financial institutions such as the British Business Bank, Innovate UK and UK Research and Innovation to support innovative companies across the UK.