Oral Answers to Questions

Debate between George Freeman and Gary Sambrook

Wednesday 3rd May 2023 Commons Chamber

[George Freeman]

I thank my hon. Friend, who has been a strong champion of that agenda. In the new Department’s science and technology framework we have set out a long-term, 10-year view of the serious reforms that we need to make to procurement, regulation and skills across the whole of Government if we are to drive our science superpower agenda. A fundamental part of that is converting the health of our start-up ecosystem into scale-ups. That is why the Treasury is leading on the re-regulation of pension funds—so that we can unlock some of our pension trillions and put it into supporting our companies to grow here rather than go to NASDAQ.

[Gary Sambrook (Birmingham, Northfield) (Con)]

3. What steps her Department is taking to help the life sciences industry attract private investment.