Oral Answers to Questions Debate

Full Debate: Read Full Debate
Department: Department for Education

Oral Answers to Questions

Liam Byrne Excerpts
Thursday 26th June 2014

(9 years, 10 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Willetts Portrait Mr Willetts
- Hansard - - - Excerpts

I remember vividly that visit last month and congratulate my hon. Friend on his very good working relationships with local employers. He is right that our life sciences strategy is not simply about research and development, important though that is. It is also about supporting high-tech manufacturing and promoting more of that in the UK.

Liam Byrne Portrait Mr Liam Byrne (Birmingham, Hodge Hill) (Lab)
- Hansard - -

In the run-up to the election, it is important that we try to maximise consensus across the House on science policy. To help the debate, we launched our Green Paper on science on Tuesday, and I welcome the Royal Society’s report today. It is important to be honest about where we are, though. Life science investment has fallen, according to the Library, by almost £500 million since 2010. In the last year for which data are available, total R and D spending in the UK is down by nearly £1 billion. We are now 23rd out of 33 for R and D spending in the OECD. Why does the Minister think that is? I am sure he will agree that this is not the way to win a race to the top.

Lord Willetts Portrait Mr Willetts
- Hansard - - - Excerpts

A major change is happening in the structure of the life sciences industry, with it moving away from having large, in-house R and D facilities. That trend is happening around the world. We have been particularly successful in this country in making sure that as that happens we promote alternative investment, and we are now seeing—for example, in the facility that Pfizer operated in Kent—significant renewal as new, small businesses come in. Our life sciences strategy is attracting new investment to the UK—£2 billion of it since we launched the strategy.