Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps she is taking to ensure long-term industrial growth.

The Chancellor has identified five key growth sectors for the UK: Digital Technology, Green Industries, Life Sciences, Advanced Manufacturing and Creative Industries. The government announced £500 million per year package of support for 20,000 research and development (R&D) intensive businesses through changes to R&D tax credits, 12 new investment zones, and £20 billion of support for the early development of Carbon Capture Usage and Storage. DBT announced regulatory measures that will reduce burdensome red tape and tailor rules to suit the UK economy, potentially saving employers around £1 billion yearly. These innovative policies will help DBT drive long-term industrial growth for the UK.