Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps he is taking to help incentivise investment by venture capital into the photonics industry.

DBT's Strategic Technologies Team and OfI's Venture Capital Unit introduce UK photonics firms to major international venture capital investors at leading global photonics events every year. These demonstrations of the scale, breadth and quality of the UK photonics industry often incentivise leading photonics venture investors to expand their UK activities.

OfI's Venture Capital Unit also works closely with a small number of UK Venture Capital firms who seek to raise capital to invest into photonics. The unit offers a bespoke and vital service of introducing these UK firms to carefully selected international Limited Partners for capital raising.