Newport Wafer Fab Sale Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Peter Bone
Main Page: Peter Bone (Independent - Wellingborough)Department Debates - View all Peter Bone's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Amanda Solloway
The Government have looked closely at the transaction and do not consider it appropriate to intervene at the current time. However, to reiterate, the Prime Minister made it clear at the Liaison Committee last week that he has asked the National Security Adviser to review that. Of course, the Government are reviewing their policy in the industrial sectors following the publication of “Build Back Better” and the introduction of the National Security and Investment Act. Significant support has been available through research and development funding. The Department for Business, Energy and Industrial Strategy is keen to support developments in supply chains and specific markets for UK growth.
Mr Peter Bone (Wellingborough) (Con)
I had the great pleasure of living in Newport for more than a decade. I listened carefully to the hon. Member for Newport West (Ruth Jones) and would not want to say anything that would deter investment in that great city, but I am also concerned about national security. The excellent Minister said that the Government have looked carefully at the sale. Have they done an impact assessment? If so, have they published it?
Amanda Solloway
As I have said, the Government have looked closely at the transaction and do not consider it appropriate to intervene at the current time. The Prime Minister made it clear at the Liaison Committee that he would ask the National Security Adviser to do a review. I am afraid that I will have to get back to my hon. Friend on an impact assessment as I do not know that.