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To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of sector-specific industrial clusters on the number of high-growth start ups.
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of sector-specific industrial clusters on the number of high-growth start ups.
Making the UK the best place to start and grow a business is central to the Government’s growth mission. The UK has a deep start-up talent pool and according to Dealroom’s European Spinouts Report 2025, the UK has half of the top ten universities in Europe for spin-outs.
The Industrial Strategy focuses on eight growth-driving sectors and the city regions and clusters across the UK where they concentrate, as detailed in its Technical Annex. We are supporting sectoral strengths such as in the Oxford to Cambridge Growth Corridor, including with a £20m Local Innovation Partnership Fund award focused on autonomous vehicles, high-performance engineering and space technology.
The Strategy included a significant uplift in the British Business Bank’s financial capacity to £25.6bn. Annual investments of around £2.5bn each year will crowd-in billions of additional private capital and support UK businesses to start, scale and stay in the UK.
To ask the Secretary of State for Business and Trade, what steps he is taking with the Office for Investment to align the strategic site identification process with available grid headroom for industrial developers.
To ask the Secretary of State for Business and Trade, what steps he is taking with the Office for Investment to align the strategic site identification process with available grid headroom for industrial developers.
The SSA programme is currently undergoing Treasury approvals. The team is developing a final site selection approach and supporting methodology to identify and assess suitable sites. This includes considering grid connectivity and available headroom as part of the overall assessment, where relevant. The Office for Investment is also working to align this process with wider work on connections, including the connection accelerator service, to help ensure a coordinated approach for industrial developers.
To ask the Secretary of State for Transport, what steps she is taking to upgrade road infrastructure serving (a) freeport and (b) industrial development sites.
To ask the Secretary of State for Transport, what steps she is taking to upgrade road infrastructure serving (a) freeport and (b) industrial development sites.
We are investing £4.8 billion during 2025/26 to operate, maintain, renew and enhance the Strategic Road Network, supporting journeys right across the country, enabling connectivity and economic growth.
We have committed to delivering several major road schemes which will service Industrial Strategy Zones including the A63 Castle Street supporting Humber Freeport, A52 Nottingham Junctions supporting East Midlands Freeport and Investment Zone, and Lower Thames Crossing supporting the Thames Freeport. We will set out our future plans for investment in the SRN through the publication of RIS3, no later than March 2026.
With the leave of the House, I would like to thank all Members of this House for attending. For those who attended Second Reading, I am pleased that we had fewer space-related puns today, although it was a very humorous—and, beneath the humour, very serious—debate that went on for some...
With the leave of the House, I would like to thank all Members of this House for attending. For those who attended Second Reading, I am pleased that we had fewer space-related puns today, although it was a very humorous—and, beneath the humour, very serious—debate that went on for some...
I congratulate my hon. Friend on his debut at the Dispatch Box. I must anecdotally mention that, when I was first elected, we had a visit from a space shuttle crew. Having real spacemen in Parliament was terribly exciting.
I want to press my hon. Friend on a procedural point. He...
I congratulate my hon. Friend on his debut at the Dispatch Box. I must anecdotally mention that, when I was first elected, we had a visit from a space shuttle crew. Having real spacemen in Parliament was terribly exciting.
I want to press my hon. Friend on a procedural point. He...
I thank my right hon. Friend for that intervention. With her permission, I will make sure that I or another Minister writes to her. As she correctly pointed out, Shetland remains very important in the space space, and the Bill incorporates all four corners of our great Union.
I was speaking...
I thank my right hon. Friend for that intervention. With her permission, I will make sure that I or another Minister writes to her. As she correctly pointed out, Shetland remains very important in the space space, and the Bill incorporates all four corners of our great Union.
I was speaking...
I thank my hon. Friend. Like, I am sure, many colleagues in the House, when I was a child I aspired to be an astronaut. Unfortunately, I was not able to achieve that ambition, but I hope that in today’s debate we will inspire the next generation to ask themselves...
I thank my hon. Friend. Like, I am sure, many colleagues in the House, when I was a child I aspired to be an astronaut. Unfortunately, I was not able to achieve that ambition, but I hope that in today’s debate we will inspire the next generation to ask themselves...
Buzz Lightyear.
Buzz Lightyear.
The next Buzz Lightyear or equivalent in the years to come. We are at the forefront of a cutting-edge industry and are world leaders in many parts of it. I appeal to all colleagues, whenever they go to technical colleges, universities or schools in their constituencies, to inspire that generation...
The next Buzz Lightyear or equivalent in the years to come. We are at the forefront of a cutting-edge industry and are world leaders in many parts of it. I appeal to all colleagues, whenever they go to technical colleges, universities or schools in their constituencies, to inspire that generation...
I thank my hon. Friend the Member for Woking (Mr Lord) for taking this important Bill through the House. I applaud him on his excellent speech. Given what the shadow Minister has said, I am pleased to confirm that my hon. Friend has cross-party support for the Bill.
From the contributions...
I thank my hon. Friend the Member for Woking (Mr Lord) for taking this important Bill through the House. I applaud him on his excellent speech. Given what the shadow Minister has said, I am pleased to confirm that my hon. Friend has cross-party support for the Bill.
From the contributions...
My hon. Friend is making a great speech, and I congratulate him on his introduction to the Dispatch Box. Does he agree that, as I said earlier, the space industry is an excellent place for women and girls to consider, and does he see any particular area of the industry...
My hon. Friend is making a great speech, and I congratulate him on his introduction to the Dispatch Box. Does he agree that, as I said earlier, the space industry is an excellent place for women and girls to consider, and does he see any particular area of the industry...
It is a pleasure to speak on this Bill, for which I commend the hon. Member for Woking (Mr Lord).
As others have said, private companies need a spaceflight operator licence, as set out in the Space Industry Act 2018, before they can operate from the UK. I am pleased to...
It is a pleasure to speak on this Bill, for which I commend the hon. Member for Woking (Mr Lord).
As others have said, private companies need a spaceflight operator licence, as set out in the Space Industry Act 2018, before they can operate from the UK. I am pleased to...
I thank my right hon. Friend for that intervention. I can confirm that the Bill will set us on par with the United States and France, our friends and probably our main competitors in this important arena. The space industry is already worth £17.5 billion a year, and it is...
I thank my right hon. Friend for that intervention. I can confirm that the Bill will set us on par with the United States and France, our friends and probably our main competitors in this important arena. The space industry is already worth £17.5 billion a year, and it is...
I congratulate my hon. Friend on Third Reading of his Bill, which will make a huge difference to the space industry. Does he agree that it is imperative, as we move through the 21st century, that we encourage more women and girls to consider taking up the skills and employment...
I congratulate my hon. Friend on Third Reading of his Bill, which will make a huge difference to the space industry. Does he agree that it is imperative, as we move through the 21st century, that we encourage more women and girls to consider taking up the skills and employment...
I beg to move, That the Bill be now read the Third time.
Clause 1(a) is the central and crucial provision of the Bill, so I shall briefly explain its purpose and why it is necessary. Before a company can operate a satellite in orbit or carry out a launch mission...
I beg to move, That the Bill be now read the Third time.
Clause 1(a) is the central and crucial provision of the Bill, so I shall briefly explain its purpose and why it is necessary. Before a company can operate a satellite in orbit or carry out a launch mission...
My hon. Friend makes an excellent point. The Bill will help provide certainty for our space industry for many years to come. Of course, we need all the talent that we can provide in this country. I completely agree that we want more girls going into science, technology, engineering and...
My hon. Friend makes an excellent point. The Bill will help provide certainty for our space industry for many years to come. Of course, we need all the talent that we can provide in this country. I completely agree that we want more girls going into science, technology, engineering and...
Report stage. Third reading. Agreed to on question. Bill passed.
Report stage. Third reading. Agreed to on question. Bill passed.
I congratulate my hon. Friend on his Bill. Will he confirm that it will give the UK a real competitive advantage in the space industry? It seems to me that it will.
I congratulate my hon. Friend on his Bill. Will he confirm that it will give the UK a real competitive advantage in the space industry? It seems to me that it will.
Lords motion to take note of the case for local regeneration of former industrial areas across the whole United Kingdom, and the challenges constraining such regeneration, including in relation to local government. Agreed to on question.
Lords motion to take note of the case for local regeneration of former industrial areas across the whole United Kingdom, and the challenges constraining such regeneration, including in relation to local government. Agreed to on question.
My Lords, it is a great privilege and pleasure to introduce this debate, partly, of course, because it gives me the chance to talk about the north-east again, the contribution that previous generations from that region have made to the prosperity of this country, and what we can do now—in...
My Lords, it is a great privilege and pleasure to introduce this debate, partly, of course, because it gives me the chance to talk about the north-east again, the contribution that previous generations from that region have made to the prosperity of this country, and what we can do now—in...