Question
To ask the Secretary of State for Business, Innovation and Skills, if he will make an assessment of the implications for his policies of the finding in the report, The future potential economic impacts of a bio-plastics industry in the UK, published by the Bio-based and Biodegradable Industries Association in October 2015, that, given the correct legislative environment, a UK bioplastics industry could support 35,000 jobs and contribute £1.9 billion to the economy.
I note the report by the Bio-based and Biodegradable Industries Association into the future potential impacts of a bio-plastics industry in the UK.
The Government delivers a range of policies across the business landscape – including research funding and innovation - that will be helpful in supporting the development of this sector. At the recent Autumn Statement, it was confirmed that science funding of £4.7 billion will be protected in real terms over the Parliament, and we will protect the Catapult network to support innovative firms and sectors.