Oral Answers to Questions

Peter Kyle Excerpts

Thursday 30th October 2025 Commons Chamber

[Martin Rhodes (Glasgow North) (Lab)]

2. Whether his Department held discussions with experts from the global south as part of its review of the UK’s approach to responsible business conduct.

[The Secretary of State for Business and Trade (Peter Kyle)]

It is good to be before you in a new role, Mr Speaker. In fact, even though I might not look it, we have an entirely fresh ministerial team before the House today. With your forbearance, may I offer the House’s congratulations to my hon. Friend the Member for Penistone and Stocksbridge (Dr Tidball) on becoming parliamentarian of the year at The Spectator awards yesterday. I reap the benefits of her as a Parliamentary Private Secretary, and I am very grateful for it.

This Government are committed to harnessing the insight of a range of stakeholders in delivering the review into responsible business conduct, announced in the trade strategy. That includes producer countries and experts from the global south. As chair of the all-party parliamentary group on Fairtrade, my hon. Friend will be pleased to know that my officials have already held discussions with Fairtrade tea experts from India and Kenya. The Minister for Trade is also engaging with businesses, civil society and trade unions.

[Martin Rhodes]

I recently met a campaigner from south-east Asia who is involved in freedom of association and independent trade union repression in the garment sector. With that in mind, and given that trade and business are facilitated through relationships, from national Governments to businesses to workers and their trade union representatives, does the Secretary of State agree that it is essential to involve stakeholders at every level of the supply chain, including those representing workers and unions in the global south, when informing the review of the UK and how we promote responsible business practices?

[Peter Kyle]

I am grateful for my hon. Friend’s work in this area, the conversations that he has and the insight that he shares with the House, as recently as today in his contribution. The responsible business conduct review will be critical to ensuring that businesses respect human rights, labour rights, the environment and anti-corruption measures across their operations and supply chains. I reassure him that, in the conversations that I have already had with international counterparts in the few short weeks that I have been in this job, these issues, including forced labour situations and workers’ rights, are raised. British values and the expectations we have as a country are raised with our international partners in trade talks.

[Terry Jermy (South West Norfolk) (Lab)]

3. What steps he is taking to encourage investment in businesses.

[Dr Scott Arthur (Edinburgh South West) (Lab)]

7. What steps he is taking to encourage investment in businesses.

[The Secretary of State for Business and Trade (Peter Kyle)]

We are delivering bold action to drive investment and growth nationwide. Our modern industrial strategy is cutting red tape, saving businesses nearly £6 billion a year, and unlocking quicker, simpler ways to do business. We are investing £6.6 billion through the British Business Bank to help innovative firms scale, and we are rebuilding our infrastructure with a 10-year strategy, backed by at least £725 billion-worth of Government capital, providing the certainty needed to boost productivity, secure growth and jobs, and deliver sustainable growth right around the United Kingdom.

[Terry Jermy]

A report by the Rural Coalition highlights that with the right policy framework, the rural economy could increase productivity, leading to an additional £19 billion a year. Will the Secretary of State outline what steps the Department is taking to help to support businesses in rural areas, such as my constituency, to unlock that growth potential?

[Peter Kyle]

I am grateful to my hon. Friend not just for his contribution, but for his advocacy for the rural economy. This Government are committed to supporting businesses, including those in rural areas such as South West Norfolk, to thrive and grow. We know that rural areas offer significant growth potential, contributing £259 billion to England’s gross value added in 2023. My Department provides support through the Help to Grow: Management business support service and the New Anglia Growth Hub. Our plan for small businesses will hardwire small business voices into Government to boost growth. On top of that and underpinning all of it is the modern industrial strategy, which provides stability into the long term—stability for which the business community right across the United Kingdom has been crying out for too long.

[Sarah Hall]

In Warrington, Platform is transforming the former Unilever site where Surf and Persil were once produced into a next-generation modular data centre that will provide the capacity, resilience and connectivity needed to power the UK’s AI revolution. From Persil to pixels, Platform is taking a brownfield industrial site with more than a century of manufacturing heritage and bringing it into the 21st-century economy. Will the Secretary of State set out what more the Department can do to support home-grown, local companies such as Platform to deliver projects of this kind, which combine cutting-edge AI infrastructure, data sovereignty, regional growth and high-value skills for the future workforce?

[Peter Kyle]

Warrington has been at the centre of previous industrial revolutions, and we are determined that it will be at the forefront of the industrial revolution that is unfolding, with a wave of digital technology and AI flowing across the world. We will use all the agency of this Government to ensure that all parts of the United Kingdom benefit equally from that. My hon. Friend will know that work such as that by Platform on the transformation of the Unilever site in Warrington is exactly the kind of bold, future-facing investment that we want to enable. That is why we delivered the AI opportunities action plan so swiftly. We will create AI growth zones across the United Kingdom to create the infrastructure in which new businesses and businesses that are transforming places and communities such as Warrington will be at the forefront and able to grasp the very best of the global economy in the regions and nations of every part of the United Kingdom.

[Dr Arthur]

One of the great things about Edinburgh South West is that it has a flourishing renewables sector, which I think is reaching critical mass. A few weeks ago, I attended a fantastic roundtable that demonstrated the industry’s desire to work with the UK Government to make their industrial strategy a complete success. Will the Secretary of State commit to meeting organisations in Edinburgh South West to discuss how we can ensure that our industrial strategy brings as many jobs as possible to Scotland’s capital?

[Peter Kyle]

Again, my hon. Friend is a great advocate for the community that he represents in Parliament. I am very excited to meet the businesses that he references. We hit a milestone in the second quarter of this year, because the UK started to produce more than 50% of its energy using renewables. His community as well as other communities around the UK will benefit from the transition to renewables. This is an exciting time to do business, and this is an exciting sector of our economy; it is one of the fastest growing sectors in the global economy, and right here in the UK we are benefiting the most from it.

[David Mundell (Dumfriesshire, Clydesdale and Tweeddale) (Con)]

A major lodge development at Irvine House near Canonbie, and the potential for a Center Parcs in the borders, show that there is still great potential for jobs in the tourism industry my constituency. Will the Secretary of State encourage the Chancellor to follow the advice of the Scottish Hospitality Group and give hospitality a fair deal in the Budget, rather than clobbering it as she did last time?

[Peter Kyle]

I assure the right hon. Gentleman that every sector of our economy is at the forefront of the Chancellor’s mind as she stabilises and recovers our economy from the 14 years of chaos and confusion wrought by the Conservative party. I also assure him that there will be no repeat of the mini-Budget that the Conservatives inflicted on our economy, the consequences of which we are still suffering today, which the right hon. Gentleman voted for and supported. We inherited a growth emergency because of the decisions taken by the Conservative party in government. We will recover from it; we will build back better; and we will make sure that every sector, including hospitality, benefits from the great economy we are moving towards.

[Wera Hobhouse (Bath) (LD)]

One change that would encourage significant investment is UK participation in the EU’s internal electricity market. Energy trading with our closest neighbour is currently hugely inefficient, which only adds to the burden of energy costs that our businesses face. Will the Government put real pressure behind the negotiations that are ongoing with the EU to reinstate our internal energy trading with the EU?

[Peter Kyle]

As the hon. Lady knows, we have put a lot of effort into the reset with the EU. We have built new opportunities for British people and British business, and we will continue to do so.

[Nick Timothy (West Suffolk) (Con)]

Every Labour Government in history have ended their time in office with unemployment higher than when they started, and this Government have made a record-breaking start. Businesses large and small in West Suffolk are putting off investment decisions, freezing recruitment and laying off staff because of the burdens already imposed on them by this Government—business property relief, the family farms tax, national insurance contributions, and the employment rights legislation. After the last Budget, the Chancellor told the Confederation of British Industry that she was not going to “come back for more”, so will the Secretary of State take this opportunity to end the uncertainty and tell business very clearly that there are going to be no more tax rises on business in the Budget?

[Peter Kyle]

I reassure the hon. Gentleman that the industrial strategy gives clarity on policy for 10 years into the future, which has been welcomed by businesses large and small. I also reassure him and the businesses in his community that there will be no repeat of the mini-Budget that the Conservatives inflicted on our country, for which we are still paying the price. Finally, I reassure him that we have a Chancellor who puts first and foremost the primary mission of this Government, which is economic growth—the kind of growth that is delivering record investment in our economy, from which every business, large and small, is benefiting equally right around the United Kingdom.

[Mr Speaker]

I call the shadow Minister.

[Peter Kyle]

I am very grateful to the hon. Lady for welcoming me to the Dispatch Box. We are very aware that we inherited a crisis—a crisis created by the Conservative party, including the state in which they left our global relations, the lack of growth in the economy and the effects of the mini-Budget. The reputation of our country was in tatters as a result and our public services were on their knees, but all of those things are being turned around because of the decisions taken by this Chancellor. The Conservatives should be celebrating the fact that we had the fastest growing economy in the G7 for the first six months of this year, because these are the kinds of actions that show we are getting growth and stability back into our economy, and give businesses the predictability upon which to build future success and prosperity and the creation of jobs. The Conservatives should be celebrating that, not talking our country down.

[Henry Tufnell (Mid and South Pembrokeshire) (Lab)]

4. What recent progress he has made on implementing the industrial strategy.

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[The Secretary of State for Business and Trade (Peter Kyle)]

I regularly engage with my right hon. Friend the Work and Pensions Secretary, as my hon. Friend would expect. We share the importance of increasing the uptake of the excellent cars built across the United Kingdom. The Motability scheme supports those in receipt of a qualifying mobility allowance, and the Government will continue to work with Motability to ensure that the scheme meets the transport needs of disabled people.

[Alex Sobel]

One in five new cars is now purchased through the Motability Scheme. This presents an unprecedented opportunity for the British car industry, as the scheme stipulates what cars its users can buy. Has the Secretary of State considered that we could hugely increase the sales of British cars by stipulating that only British-built cars can be bought—and this is public money—by Motability users, which would not just safeguard thousands of British jobs, but create a world-leading industry in accessible vehicles?

[Peter Kyle]

That was a very thoughtful contribution, and I am very grateful for it. The Motability Foundation is an independent charity and is regulated by the Charity Commission, but it does engage fully with the Government in the most respectful way. As my hon. Friend would imagine, I have instructed my officials to work with those in the Department for Work and Pensions to see how we can make recommendations and certainly to support the take-up of British cars as much as possible. This Government are of course committed to the growth of the automotive sector. We are providing support through programmes such as DRIVE35, the electric car grant, which will invest up to £2.5 billion of support into zero emission manufacturing across the UK.

[Andy McDonald (Middlesbrough and Thornaby East) (Lab)]

10. What assessment he has made of the potential merits of implementing fair pay agreements in a range of business sectors.

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[Torcuil Crichton (Na h-Eileanan an Iar) (Lab)]

12. What steps his Department is taking to improve the UK's trading relationships with other countries.

[The Secretary of State for Business and Trade (Peter Kyle)]

This Government wasted no time when it came to trade deals—not just talking about them, but delivering them. We have already secured trade deals with the biggest economy in the world, one of the fastest-growing economies in the world, and our biggest trading market. The Government’s clear principle is to deliver for British businesses and the British people. That is why in the first month of my new role I travelled to three continents to further strengthen UK trade and investment.

[Torcuil Crichton]

I welcome the Secretary of State to his place and invite him to Benbecula Distillery in my place. It is a dramatic lighthouse distillery, and a great addition to the landscape. It recently secured £1.5 million from the British Business Bank’s investment fund. Benbecula’s distillery is one of a chain of small distilleries across the Western Isles and other islands. I had a wee dram in Raasay, where that distillery has revived the island as much as its product revived me. What is the Secretary of State doing to make sure that this new wave of small Scottish distilleries will be part of the next round of trade deals?

[Peter Kyle]

I am extremely grateful for the invitation. I can reassure my hon. Friend that when we have the opportunity to take delegations abroad, the Scotch Whisky Association and representatives of those distilleries are always with us. We fight hard for the Scotch whisky business. We know how important it is right across the United Kingdom and to the UK’s economy overall. The week before last I was in India with the Prime Minister where we were furthering the trade deal we have secured and making sure that we exploit all the opportunities that these trade deals present. It is important to not only secure trade deals but make sure that we exploit all the opportunities right across the economy. That deal alone will unleash over £1 billion-worth of opportunities for the Scotch whisky industry, and that is something we should all celebrate.

[Chris Law (Dundee Central) (SNP)]

In taking steps to improve our trading relationship with other countries, I welcome the new sanctions announced by the UK and the US targeting Russia’s two largest oil companies: Rosneft and Lukoil. However, despite pointing out to Ministers on several occasions that hundreds of billions of pounds have been generated for Russia as a result of oil and gas being shipped under British companies with British insurance, no action has been taken to stop this. Given that every vessel transporting Russian liquefied natural gas is financing the destruction of Ukrainian villages, towns and cities and the deaths of Ukrainian soldiers and civilians, when will this Government act to end the complicity of UK companies in this?

[Peter Kyle]

The hon. Member will know that the Prime Minister and this Government stand shoulder to shoulder with Ukraine, and we have since the moment we came into office. We are highly aware of the risks that Russia poses, not just to Ukraine but to the continent of Europe. We are also aware of the constant attacks this country undergoes from cyber-security threats via Russia and Russia-sponsored activity. I can assure the hon. Member, from conversations I constantly have across Government and the forums across Government I am part of, that we are very aware of this threat and act constantly against it.

[Mr Alistair Carmichael (Orkney and Shetland) (LD)]

13. What recent discussions he has had with the Secretary of State for Environment, Food and Rural Affairs on the potential impact of the trading relationship with the US on the farming sector.

[The Secretary of State for Business and Trade (Peter Kyle)]

I am grateful to the right hon. Member for his question. The UK was the first country to secure such an agreement with the US—one which will save thousands of jobs, protect key British industries and farmers, and drive economic growth. People said that it would be impossible to deliver such a deal without compromising on food standards, but we have proven them wrong. This Government have delivered a deal that protects our high food standards while giving British farmers access to a market of 340 million people where they can sell their high-quality beef.

[Mr Carmichael]

The Secretary of State is right that any threat of an imminent increase in US beef imports in particular is clearly not the problem, but it has not gone away either. The US Department of Agriculture has a foreign agricultural service with 100 different offices, embassies and trade missions. They work with US farming groups around the world to promote their product, and they are not spending that money just to stand still. What will the Secretary of State be doing to ensure that our farmers have the same opportunities, so that they can see free trade agreements not just as threats but opportunities too?

[Peter Kyle]

I am grateful for the right hon. Member’s insightful and thoughtful contribution. As I said, striking trade deals is vital. That is why we put so much energy into it and have had so much success, and there will be more to come. It is very important that the whole British economy and Government make sure that we exploit the full opportunities that all these agreements offer. The Department for Business and Trade has embedded highly talented trade experts right across the world, and they are trying to do just that on the frontline of all the economic opportunities we perceive around the world, and that includes agriculture. If there are specific areas where the right hon. Member perceives that the agricultural sector, either in his patch or across the United Kingdom, has an opportunity that is not yet being exploited, I want to hear from and work with him to make sure that British farmers benefit.

[Oliver Ryan (Burnley) (Lab/Co-op)]

15. What steps his Department is taking to support businesses in the Jaguar Land Rover supply chain affected by the recent cyber-attack.

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[Ben Obese-Jecty (Huntingdon) (Con)]

T1. If he will make a statement on his departmental responsibilities.

[The Secretary of State for Business and Trade (Peter Kyle)]

The growth emergency we inherited from the previous Government demands a proportionate response. That means an unrelenting focus on pro-business policies. It means harnessing investment in our high growth sectors and tirelessly implementing our modern industrial strategy. It means shaking up our entire regulatory system. The Department for Business and Trade is stripping out the rules, regulations and red tape that are holding business back. We are helping reduce the regulatory burden by 25%, cutting out 200 hours of needless paperwork for companies so far. We are simplifying rules around company reporting, saving firms £230 million. We are bringing in a strengthened growth duty for regulators and launching a new performance dashboard, injecting agility into our regulatory regime. Where regulators are doubling up, we are streamlining them. We are abolishing the British Hallmarking Council, transferring functions to the Department. This is a new ministerial team acting with urgency. We are using every lever we have to grow the economy and to deliver for this Government’s plan for change.

[Ben Obese-Jecty]

On Tuesday, the Ministry of Defence announced the launch of Project Fairfax, which will see a defence technology cluster established on surplus MOD land at RAF Wyton in Huntingdon. This is a hugely exciting opportunity for both Huntingdon and the MOD, as we seek to create a defence ecosystem in sites we have identified across Huntingdonshire. With a decision yet to be made about identifying investible sites, and regarding the £600 million fund available through the strategic sites accelerator programme, will the Secretary of State meet me and the chief executive of my local council to discuss the inclusion of potential defence sites in Huntingdon?

[Peter Kyle]

I am grateful for the hon. Gentleman’s question, and I know that his community will be grateful for his question, too. I can assure him that we are working to mobilise the strategic sites accelerator, which will operate across the nation. We expect to communicate how and when the programme will deploy in the coming period into spring. As he knows, RAF Wyton is a key site for cyber and specialist operations command. It is an important asset for our nation. I, or the relevant Minister, will of course meet him to discuss how we can better support that site going forward, but already within Government it is a very highly valued asset.

[Michael Payne (Gedling) (Lab)]

T3. Luxfer Gas Cylinders in my constituency employs more than 200 people and is a key supplier to hydrogen allocation round 1 projects. It wants to expand to become the UK’s only manufacturer of high pressure hydrogen cylinders for hydrogen tube trailers and hydrogen vehicle fuel systems, which are currently imported. Will the Minister meet me and other MPs who have significant hydrogen and fuel cell manufacturers in their constituencies to discuss how existing Government support for hydrogen can best drive UK growth and jobs?

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[Andrew Griffith (Arundel and South Downs) (Con)]

I welcome the team to their significant roles for the United Kingdom.

This week, the other place voted for five reasonable amendments to the Employment Rights Bill, representing a meaningful compromise with cross-party support to mitigate some of the worst of the damage caused by the Bill. As the Office for Budget Responsibility now scores the impact of that legislation, this is one of the last chances to avoid the costs, taxes and spending cuts that will result from it. Will the Secretary of State now put country before party, do the right thing by British business and accept those compromise amendments?

[Peter Kyle]

I am grateful for the shadow Secretary of State’s warm words. He shadowed me when I first went into my role at the Department for Science, Innovation and Technology; he was then moved here before me, so I have followed him to this role. I watch with trepidation the next reshuffle on his Benches.

The shadow Secretary of State mentions the workers’ rights Bill, which is still between the two Houses; I hope we will be reconciled as soon as possible so that it can get Royal Assent and benefit workers and businesses right across the nation. Once the Bill passes, we will, of course, undertake a period of implementation. My predecessor and the previous Deputy Prime Minister, who championed this legislation, were clear from the outset that the Bill will modernise the British workplace so that it is beneficial for businesses and for the people who work in them.

The modern economy has changed; it is different from 20 years ago. The Conservatives had the time to modernise the economy and the relationships within workplaces, and they chose not to take that—

[Mr Speaker]

Order. I don’t want to do this, but this is topicals, and all these Members need to get in. We did not get through the list already. You have to help me to help them.

[Andrew Griffith]

I will save time, Mr Speaker, by not mentioning the 13 leading business organisations that have all called for certainty now—not well-intentioned future consultations on implementation, but certainty now, because jobs and the economy are bleeding out. The Secretary of State will know that even the Resolution Foundation—that wonderful finishing school for aspiring Labour Ministers—said this week that some of the measures in the Bill should not be proceeded with.

[Peter Kyle]

Again, the Conservatives had 14 years in which the economy was changing. They had the chance to tackle zero-hours contracts, and what did they do? Nothing. They had the chance to tackle fire and rehire, and they did nothing. They had the chance to tackle the challenges of being an app-based employee, and they chose to do nothing. We are acting to modernise the economy and the relationship out there between businesses and workers because that is what is needed. It is what workers and businesses need, and it is what this Government are delivering.

[Peter Swallow (Bracknell) (Lab)]

T4.   Last Friday, alongside my right hon. Friend the Secretary of State, I attended the Get Britain Growing: South East conference, which discussed opportunities across advanced manufacturing, life sciences, digital innovation and beyond. Will the Minister set out how the industrial strategy will ensure that Bracknell and the wider south-east reaches its full potential?

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[Sarah Olney (Richmond Park) (LD)]

Businesses across the country are struggling with unaffordable energy costs. The burden of this Government’s national insurance contributions rise and uncertainty over the Employment Rights Bill are compounded by the immense struggle caused by sky-high energy bills. I urge the Government to act with more urgency in addressing energy costs for businesses, including through accelerating the launch of the industrial competitiveness scheme, the consultation for which is not even due to be launched until the end of the year. What discussions has the Minister had with the Secretary of State for Energy Security and Net Zero to cut operating costs for businesses, and will the Government consider Liberal Democrat proposals to break the link between gas and energy prices, halving bills within a decade and easing pressures?

[Peter Kyle]

I can assure the hon. Lady that we are in constant contact with the Energy Secretary. When I was at DSIT, we co-chaired the AI energy council, and we are working together to get the transition to renewable power done as swiftly as possible, generating the wealth that our country needs from the transition period. Also, we are lowering bills and, through some targeted interventions, ensuring that those key businesses get the support they need on the challenges with energy prices and supply that we inherited when we came into office.

[Phil Brickell (Bolton West) (Lab)]

T6. Horwich trailer manufacturer Indespension tells me that the post-Brexit regulatory system has significantly increased the approval cost for new trailer designs because of differing rules between GB, EU and Northern Irish markets. The business now spends more than £100,000 a year completing relevant paperwork. What measures is the Secretary of State taking to remove the administrative burden on firms so that instead of form filling, they can invest and create the well-paid jobs that I want to see in my local economy?

[Peter Kyle]

I am grateful for my hon. Friend’s passionate question. As he will know, we have struck a trade deal with the EU and reset the relationship with it. We will continue to build on that to deliver for all parts of our economy.

[Graham Stuart (Beverley and Holderness) (Con)]

T2. The Conservatives brought in a national guarantee of 11,500 post offices in the network. Labour has promised to scrap that. What assurances can Ministers give to people in Middleton, Lockington, Leconfield, Cherry Burton, Aldbrough, Walkington, Tickton, Hedon, Wawne, Skirlaugh, Sproatley, Beverley, Roos, Ottringham, Keyingham, Withernsea, Easington and Thorngumbald that their post offices will be retained?

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[Ben Goldsborough (South Norfolk) (Lab)]

In rural constituencies like South Norfolk, I can think of no better place for employment than our pubs. From the Wheel of Fortune in Alpington to the Angel Inn in Loddon, these pubs are not just vital hubs of our communities but drivers of economic growth. In fact, Mr Speaker, you are more than welcome to join my Christmas pub team on 13 December. What support are the Government putting in place to help those businesses provide decent employment?

[Peter Kyle]

I am grateful for my hon. Friend’s question— I am glad he got in today. I can assure him that we are working closely with pubs. We want pubs to be at the beating heart of communities up and down the country. We know we have inherited a challenging environment for pubs. We listen to them and will be acting.

[Gareth Bacon (Orpington) (Con)]

T7. Earlier, the Secretary of State said that he was committed to growing our car industry, but British car manufacturers face huge fines for selling cars that consumers actually want, while the Government use taxpayers’ money to subsidise the purchase of foreign cars with Chinese batteries in them. What are the Government’s plans to end the nonsensical zero emission vehicles mandate, and to restore a normal market, from which our car industry would benefit?

[Peter Kyle]

You would have thought, Mr Speaker, that the hon. Gentleman might say a good word about our British automotive sector. The trade deal that we struck with America—the first and the best such trade deal—protected 44,000 jobs from the tariff challenges being felt around the world. We are creating new opportunities and investing. As the House saw, the Government acted at speed to protect Jaguar Land Rover and its entire supply chain in its hour of need. This Government act when we need to and create opportunities wherever we can, and we will continue to do so.

[Gareth Snell (Stoke-on-Trent Central) (Lab/Co-op)]

To make steel in this country, we need ceramics. To build houses in this country, we need ceramics. Five of the eight industrial strategy growth sectors require ceramics. Ahead of the launch of the British industrial competitiveness scheme, might there be any interim relief from energy prices for energy-intensive industries?

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[James Wild (North West Norfolk) (Con)]

To show his deregulatory zeal, the Business Secretary just boasted about scrapping the British Hallmarking Council, which has one part-time employee. Given that every £1 of regulatory costs has the same impact on investment as £1 taken in tax, why are the Government proceeding with their unemployment Bill and proposing a £5 billion a year tax on British businesses?

[Peter Kyle]

It is quite extraordinary; after just a couple of weeks in the job, I have announced £230 million of deregulation every year—£1 billion-worth between now and the next general election—and what do the Conservatives do? They say that we are not going far enough. They had 14 years; I have had a couple of weeks! It is about time they started coming up with better questions, and stopped criticising a Government who act where they failed to.

[Perran Moon (Camborne and Redruth) (Lab)]

Meur ras, Mr Speaker. Spinning out of the industrial strategy is the eagerly awaited critical minerals strategy, the launch of which will happen in due course—or dreckly, as we say in Cornwall. It is of particular interest to my constituency. Canada, the US and Australia have already established new mineral exploration funds. Such funds support junior exploration companies in building up energy security and contributing to export-led growth. Is the Department considering such a fund as part of the critical minerals strategy?

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[Sonia Kumar (Dudley) (Lab)]

What steps is the Department taking to improve access to finance for UK start-ups seeking to scale up, given that only 1% of UK start-ups raise equity of more than £100 million? By comparison, in the US, 6% of start-ups do so. Furthermore, how can we ensure that women get a fair share of access to finance?

[Peter Kyle]

My hon. Friend asks exactly the right questions, which I am extremely grateful for, because they are central to the programme of economic reform that this Government are undertaking. She will know from the Mansion House reforms that we are unlocking capital into our economy via the pensions reforms being undertaken. We are making sure, right from the start, that women have a voice. I did the same in my role in the Department for Science, Innovation and Technology, and in this role, I will continue to ensure that women are championed right across the economy, that we get capital where it needs to be, and that we accept that we have brilliant businesses that need targeted intervention, which we will provide to make sure that scale-ups happen.

[Grahame Morris (Easington) (Lab)]

Power Roll in my constituency has pioneered a world-beating, flexible, lightweight solar panel module. The next four weeks are a critical period for the company; a £5 million investment is needed to keep production and jobs in the north-east. Will my hon. and right hon. Friends on the Front Bench work with me to help secure this Great British innovation’s future in east Durham?