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Department: Department for Business, Energy and Industrial Strategy

Peter Kyle

Main Page: Peter Kyle (Labour - Hove)

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Universal Credit
Tuesday 16th October 2018

(5 years, 6 months ago)

Commons Chamber
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Sam Gyimah Portrait Mr Gyimah
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I agree, Mr Speaker. This is incredibly exciting and forward-looking, and the Department will be happy to give it every support it can.

Peter Kyle Portrait Peter Kyle (Hove) (Lab)
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The UK is at the top of the global league for start-ups, but it is languishing at the bottom for scale-up. Is it not true that this is a black hole in the industrial strategy, because that is where productivity gains could be made? Why is the Secretary of State not acting on this?

Greg Clark Portrait Greg Clark
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It is quite the opposite, and I am surprised to hear the hon. Gentleman say that. If he has read the industrial strategy, he will know that the commitment to scale-up is very prominent. I made reference earlier to the Made Smarter Commission that Juergen Maier is leading. Its purpose is precisely to diffuse the technology that the bigger firms have to those that are growing and scaling up.

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