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To ask the Chancellor of the Exchequer, whether his Department has assessed the potential impact of changes to Business Property Relief and Agricultural Property Relief on business investment.
To ask the Chancellor of the Exchequer, whether his Department has assessed the potential impact of changes to Business Property Relief and Agricultural Property Relief on business investment.
I refer the Hon. Member to the answer provided on 16 October 2026 in response to UIN 32319.
To ask the Secretary of State for Transport, with reference to the Office of Road and Rail’s annual assessment of Network Rail 2025 to 2026, what assessment she has made of the adequacy of the ability of Network Rail to (a) maintain a safe railway network and (b) deliver investment...
To ask the Secretary of State for Transport, with reference to the Office of Road and Rail’s annual assessment of Network Rail 2025 to 2026, what assessment she has made of the adequacy of the ability of Network Rail to (a) maintain a safe railway network and (b) deliver investment...
To ask His Majesty's Government, further to the Written Answer by Baroness Lloyd of Effra on 5 March (HL14704), how many potential private investors or purchasers they have formally approached regarding British Steel since its transfer into public ownership; and what timetable they have established for seeking private investment.
To ask His Majesty's Government, further to the Written Answer by Baroness Lloyd of Effra on 5 March (HL14704), how many potential private investors or purchasers they have formally approached regarding British Steel since its transfer into public ownership; and what timetable they have established for seeking private investment.
The Government recognises that securing the long-term future of the UK’s steel sector relies on both public and private investment for modernisation. Following acquisition of British Steel in July, we have now started to test private sector sentiment around potential investment to inform any Government decisions on the future of steelmaking at Scunthorpe. Government’s ambition is a sustainable steel company that can stand on its own two feet, which is the best way of delivering long term stability for those employed at British Steel. While no decisions on investment in British Steel have been taken, my department will keep the House updated as a timetable emerges.
To ask His Majesty's Government what is the current status of the investment treaty dispute initiated by Jingye concerning British Steel; whether formal arbitration proceedings have commenced; and what assessment they have made of the potential cost to the taxpayer of legal proceedings and any compensation payable.
To ask His Majesty's Government what is the current status of the investment treaty dispute initiated by Jingye concerning British Steel; whether formal arbitration proceedings have commenced; and what assessment they have made of the potential cost to the taxpayer of legal proceedings and any compensation payable.
Investor State Dispute Settlement (ISDS) is a well-established mechanism to help investors resolve disputes with states where they allege the state has failed to uphold its obligations under international investment law.
The UK has a longstanding track record of supporting foreign investment, including through fulfilling its obligations in the international investment agreements to which it is a party. The UK has never faced a successful ISDS claim.
The Government maintains that it has acted consistently with domestic and international law obligations. As the Government has been notified of a dispute, it would be inappropriate to comment further.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the potential impact of BICS on business investment decisions in key foundation sectors.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the potential impact of BICS on business investment decisions in key foundation sectors.
The British Industrial Competitiveness Scheme is expected to support investment in eligible sectors by cutting electricity costs by up to £35–£40 per Megawatt-hour, improving competitiveness and reducing the risk of plant closure and relocation. Higher investment is expected to raise productivity and economic growth through capital deepening and sector expansion.
BICS will also support economic resilience and supply chain security by reducing the vulnerability of strategically important foundational manufacturing sectors to relatively high electricity costs.
The BICS Impact Assessment estimates that across sectors eligible for BICS, there will be social benefits relating to investment of around £16bn over the 8-year period (2027/28 – 2034/35).
To ask the Secretary of State for Transport, what assessment she has made of the potential impact of Clause 71 of the Railways Bill on private investment in the rail network, in particular from Open Access operators.
To ask the Secretary of State for Transport, what assessment she has made of the potential impact of Clause 71 of the Railways Bill on private investment in the rail network, in particular from Open Access operators.
The Government does not anticipate that Clause 71 will have an adverse impact on private investment in the railways, including by open access operators. The power is not intended to negatively affect third-party operators or investors; rather, its purpose is to ensure that existing railway access contracts can continue to operate effectively following the establishment of Great British Railways (GBR). To provide reassurance to affected parties, the Government has consistently reinforced its commitment to preserving both the duration and the substantive Schedule 5 access rights contained in existing contracts, together with the charging determinations made by the Office of Rail and Road (ORR) for the remainder of the current control period.
To ask the Secretary of State for Business, Innovation, Science and Trade, what steps his Department is taking to improve access to patient capital for co-operative and mutual enterprises.
To ask the Secretary of State for Business, Innovation, Science and Trade, what steps his Department is taking to improve access to patient capital for co-operative and mutual enterprises.
The Government is committed to removing barriers to the growth of the co-operative and mutuals sector, and the Department is commissioning further research into financing challenges facing the sector.
The Department will shortly be publishing its response to the call for evidence on business support for co-operatives and non-financial mutuals, which will set out our position to improving access to finance and co-operative business support more generally.
To ask the Secretary of State for Energy Security and Net Zero, what recent assessment her Department has made under the Review of Electricity Market Arrangements of the impact of locational wholesale electricity pricing on industrial manufacturing investment.
To ask the Secretary of State for Energy Security and Net Zero, what recent assessment her Department has made under the Review of Electricity Market Arrangements of the impact of locational wholesale electricity pricing on industrial manufacturing investment.
The potential impacts of zonal pricing formed part of the Government’s wider assessment of electricity market reform.
Previous modelling reflected the best available assumptions at the time of the July 2025 REMA decision. We intend to publish further analysis on zonal pricing and Reformed National Pricing by the end of 2026.
To ask the Secretary of State for Business, Innovation, Science and Trade, what steps his Department is taking to protect independent high street businesses; and how he is encouraging local commercial investment.
To ask the Secretary of State for Business, Innovation, Science and Trade, what steps his Department is taking to protect independent high street businesses; and how he is encouraging local commercial investment.
To ask the Secretary of State for Health and Social Care, what assessment her Department has made of the potential benefits of increased investment in smoking cessation services ahead of the next Spending Review, including the impact on (a) NHS and social care expenditure, and (b) employment and economic productivity.
To ask the Secretary of State for Health and Social Care, what assessment her Department has made of the potential benefits of increased investment in smoking cessation services ahead of the next Spending Review, including the impact on (a) NHS and social care expenditure, and (b) employment and economic productivity.
To ask the Secretary of State for Defence, pursuant to the answer of 22 October 2026, to question 36262 on Defence: Artificial Intelligence, what proportion of the Year 1 £352 million for 2027-28 is allocated to a) investment and b) readiness.
To ask the Secretary of State for Defence, pursuant to the answer of 22 October 2026, to question 36262 on Defence: Artificial Intelligence, what proportion of the Year 1 £352 million for 2027-28 is allocated to a) investment and b) readiness.
To ask the Chancellor of the Exchequer, what assessment he has made of the contribution of creative industry tax reliefs to jobs and investment in Scotland.
To ask the Chancellor of the Exchequer, what assessment he has made of the contribution of creative industry tax reliefs to jobs and investment in Scotland.
To ask the Secretary of State for Defence, how many jobs his Department estimates will be created as a result of planned defence investment by 2030.
To ask the Secretary of State for Defence, how many jobs his Department estimates will be created as a result of planned defence investment by 2030.
My Lords, back in 2017, the Made Smarter Review identified that a major impediment to SMEs adopting the then-available technology was the management’s expertise and knowledge, particularly around digital issues. Putting his Small Business Minister hat on, can the Minister tell your Lordships’ House what the Government are doing to enable those small businesses that could grow using AI to get the expertise they need to do so?
My Lords, back in 2017, the Made Smarter Review identified that a major impediment to SMEs adopting the then-available technology was the management’s expertise and knowledge, particularly around digital issues. Putting his Small Business Minister hat on, can the Minister tell your Lordships’ House what the Government are doing to enable those small businesses that could grow using AI to get the expertise they need to do so?
As Minister for Small Businesses, I spend every day talking to businesses of all sizes, including small AI start-ups. We must ensure that small companies have access to finance to start their business. At the same time, we need to encourage young people to take up AI skills. We are committed to training 10 million young people in AI skills and, so far, 2.2 million have completed programmes.
As Minister for Small Businesses, I spend every day talking to businesses of all sizes, including small AI start-ups. We must ensure that small companies have access to finance to start their business. At the same time, we need to encourage young people to take up AI skills. We are committed to training 10 million young people in AI skills and, so far, 2.2 million have completed programmes.
As Minister for Small Businesses, I spend every day talking to businesses of all sizes, including small AI start-ups. We must ensure that small companies have access to finance to start their business. At the same time, we need to encourage young people to take up AI skills. We are committed to training 10 million young people in AI skills and, so far, 2.2 million have completed programmes.
My Lords, back in 2017, the Made Smarter Review identified that a major impediment to SMEs adopting the then-available technology was the management’s expertise and knowledge, particularly around digital issues. Putting his Small Business Minister hat on, can the Minister tell your Lordships’ House what the Government are doing to enable those small businesses that could grow using AI to get the expertise they need to do so?
My Lords, I commend the Government for their investment in Isambard 1 computing at Bristol University, which I gather has now had approaches from several hundred SMEs to use its computing power, which is one of the fastest processors globally. What plans do the Government now have to install Isambard 2, which I understand Bristol University would welcome and would increase even further the United Kingdom’s compute power?
My Lords, I commend the Government for their investment in Isambard 1 computing at Bristol University, which I gather has now had approaches from several hundred SMEs to use its computing power, which is one of the fastest processors globally. What plans do the Government now have to install Isambard 2, which I understand Bristol University would welcome and would increase even further the United Kingdom’s compute power?
The noble Lord is right. We have to invest not only in compute power but in quantum. The Government have set up their programme whereby
they will mobilise investment through the sovereign AI fund to invest in some of the supercomputers across the country.
The noble Lord is right. We have to invest not only in compute power but in quantum. The Government have set up their programme whereby
they will mobilise investment through the sovereign AI fund to invest in some of the supercomputers across the country.
The noble Lord is right. We have to invest not only in compute power but in quantum. The Government have set up their programme whereby
they will mobilise investment through the sovereign AI fund to invest in some of the supercomputers across the country.
My Lords, I commend the Government for their investment in Isambard 1 computing at Bristol University, which I gather has now had approaches from several hundred SMEs to use its computing power, which is one of the fastest processors globally. What plans do the Government now have to install Isambard 2, which I understand Bristol University would welcome and would increase even further the United Kingdom’s compute power?
My Lords, it is not just a matter of government resources. Many enterprising businesses are now coming into this field. I welcome the work going on in Yorkshire at present, to which the Minister referred. Surely, though, this is to do with even greater encouragement by government of those who are investing, to try to make that sure academia is heavily involved and that all the businesses that are raring to go to develop and innovate in AI are able to do so with full government encouragement.
My Lords, it is not just a matter of government resources. Many enterprising businesses are now coming into this field. I welcome the work going on in Yorkshire at present, to which the Minister referred. Surely, though, this is to do with even greater encouragement by government of those who are investing, to try to make that sure academia is heavily involved and that all the businesses that are raring to go to develop and innovate in AI are able to do so with full government encouragement.
The Government are absolutely encouraging universities and academics to support the Government’s programme on AI. As I said in answer to an earlier question, I have spent the last couple of weeks visiting various universities and science and technology hubs. All of us should really welcome the exciting start-ups being set up at these university science parks. The UK is not short of innovators and we have a pipeline. We will likely see some of our innovators be unicorn companies.
The Government are absolutely encouraging universities and academics to support the Government’s programme on AI. As I said in answer to an earlier question, I have spent the last couple of weeks visiting various universities and science and technology hubs. All of us should really welcome the exciting start-ups being set up at these university science parks. The UK is not short of innovators and we have a pipeline. We will likely see some of our innovators be unicorn companies.
The Government are absolutely encouraging universities and academics to support the Government’s programme on AI. As I said in answer to an earlier question, I have spent the last couple of weeks visiting various universities and science and technology hubs. All of us should really welcome the exciting start-ups being set up at these university science parks. The UK is not short of innovators and we have a pipeline. We will likely see some of our innovators be unicorn companies.
My Lords, it is not just a matter of government resources. Many enterprising businesses are now coming into this field. I welcome the work going on in Yorkshire at present, to which the Minister referred. Surely, though, this is to do with even greater encouragement by government of those who are investing, to try to make that sure academia is heavily involved and that all the businesses that are raring to go to develop and innovate in AI are able to do so with full government encouragement.
To ask His Majesty’s Government what assessment they have made of current business confidence among small and medium-sized enterprises in the AI sector and what actions they are taking to encourage investment.
To ask His Majesty’s Government what assessment they have made of current business confidence among small and medium-sized enterprises in the AI sector and what actions they are taking to encourage investment.
My Lords, the Government’s core evidence is the AI sector study. The 2024 study found that SMEs make up 96% of UK AI firms, and nearly 90% of firms surveyed expected revenue growth within a year. To encourage investment, the sovereign AI fund, backed by up to £500 million, invests directly in British AI start-ups, alongside free compute through the AI research resource, Innovate UK’s £130 million growth catalyst, and a £100 million R&D procurement scheme.