Rolls-Royce

Lord Ravensdale Excerpts
Wednesday 14th October 2020

(4 months, 2 weeks ago)

Lords Chamber

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Department for Business, Energy and Industrial Strategy
Lord Callanan Portrait Lord Callanan (Con)
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I congratulate the noble Lord on getting the Royal Navy, a matter close to his heart, into his question again. But to be serious, I agree that we need to develop the next generation of small modular reactors, and we are providing support to enable that to happen.

Lord Ravensdale Portrait Lord Ravensdale (CB) [V]
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My Lords, I declare my interest as in the register. The East Midlands, where Rolls-Royce has its headquarters, has the lowest public sector research and development spend in the UK, at £83 per head. R&D and the skilled jobs that it generates are essential to the levelling-up agenda. What plans do the Government have to increase R&D spend in the Midlands, making the most of its strengths in the rail, aerospace, nuclear and other vital sectors?

Lord Callanan Portrait Lord Callanan (Con)
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We are happy to support good R&D projects. Rolls-Royce is a major beneficiary of our R&D support operations through the £1.95 billion Aerospace Technology Institute programme. It is also one of our largest UK investors in R&D.