Financial Assistance to Industry

Olly Glover Excerpts

Monday 23rd March 2026 General Committees

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

It is a pleasure to serve under your chairship, Sir Alec. I thank the Minister for moving the motion, which the Liberal Democrats are also minded to support. It is vital that the UK life sciences sector, which is such an important part of our economy, is supported and has the potential to thrive and compete on the global stage. That is not just for economic reasons, but so that the UK can respond, and contribute to responses, to future health emergencies and pandemics, given its focus on research and development and its manufacturing capacity in medicines, medical technology and diagnostics.

The only concern we might have is based on the Competition and Markets Authority assessment of this proposal, which identifies potential downsides for small and medium-sized enterprises. I have many of those in my Oxfordshire constituency of Didcot and Wantage—for example, Adaptimmune, AMS Biotechnology and Bounce Biomedical on Milton Park, and Accentus Medical and the internationally respected diamond light source facility, used by academia and industry to conduct research in life and physical sciences, on the Harwell Science and Innovation Campus. It would be interesting to hear a little from the Minister about how the investment set out in the motion will benefit small and medium-sized enterprises, as well as the very large companies it is clearly most focused on.