Life Sciences Investment

Debate between Richard Foord and Ian Murray

Thursday 11th September 2025 Commons Chamber

[Ian Murray]

I congratulate the hon. Gentleman’s wife on what she does in the sector—she is the only one in the family with a real job. That shows the depth and breadth of the sector across the country; everyone will know someone who works in it. We have £86 billion from the spending review going into research and development, and £2.5 billion backing the life sciences sector plan. Economic and geopolitical issues are of course affecting the pharmaceutical industry at the moment. As I said in my opening remarks, MSD’s quarterly report said that it had to take $3 billion out of operating costs over the next few years; unfortunately and regrettably, this decision is part of that plan.

[Richard Foord (Honiton and Sidmouth) (LD)]

I represent people who work at the excellent Living Systems Institute at the University of Exeter. The purpose-built institute was launched in 2017 to bring together physicists, mathematicians, biologists and biomedical scientists, with the expectation that the life sciences sector was going to enjoy substantial foreign direct investment in the years to come. What effect do the Government anticipate the withdrawal of private investment for life sciences will have on research students, including those at Exeter?

[Ian Murray]

I would say to life sciences students in the fledgling part of their career that it is a career they should be in for the long term. Life sciences is the future, which is why it is one of the eight key sectors in our industrial strategy. The news the Government have had today on MSD’s commercial decision is incredibly disappointing, but lots of wonderful stuff is going on in the sector, so we should not talk it down. Moderna is investing more, BioNTech is investing more, Isomorphic Labs is investing more, and RoslinCT in my constituency is investing more. Right across the Chamber today we have heard about the companies that are investing more in life sciences. It is a growing industry, so I say to fledgling academics and people who want to get involved in the industry: get in there.

Oral Answers to Questions

Debate between Richard Foord and Ian Murray

Wednesday 22nd January 2025 Commons Chamber

[Richard Foord (Honiton and Sidmouth) (LD)]

5. What discussions he has had with the Secretary of State for Energy Security and Net Zero on support for the green energy sector in Scotland.

[The Secretary of State for Scotland (Ian Murray)]

I am in regular contact with ministerial colleagues from the Department for Energy Security and Net Zero on a range of issues relevant to clean energy production in Scotland. Scotland is key to the UK Government’s clean power by 2030 mission, which will deliver cheaper bills, energy security and future jobs, and drive growth in the Scottish economy.

[Richard Foord]

The roll-out of offshore renewables in Scotland should happen alongside the growth of supply chains there. That is vital if the energy transition is to deliver jobs and investment in Scotland’s oil and gas communities. It is welcome that the Government have allocated £200 million to a clean industry bonus, but that falls short of the £500 million that Labour pledged in its manifesto. How do the Government plan to strengthen the clean industry bonus to build thriving renewable manufacturing in the UK?

Oral Answers to Questions

Debate between Richard Foord and Ian Murray

Wednesday 30th October 2024 Commons Chamber

[Richard Foord (Honiton and Sidmouth) (LD)]

1. What discussions he had with representatives of the devolved Administrations and regions at the first meeting of the Council of Nations and Regions.

[The Secretary of State for Scotland (Ian Murray)]

First, Mr Speaker, I apologise to you and the House for Scottish questions overshadowing other events today.

I was pleased to join the Commonwealth Games Federation last week to confirm that Glasgow will host the Commonwealth games in 2026. It will be yet another wonderful opportunity for Scotland to show how we put on world-class sporting events. I also visited the Sir Chris Hoy velodrome and spoke to the next generation of cyclists, who have been inspired by Sir Chris. I am sure that the whole House will wish to pass on their best wishes to him and his family. I also congratulate Scotland women’s football team, who qualified for the play-offs yesterday after a 4-0 win over Hungary.

I was delighted to join the Prime Minister as he hosted the inaugural meeting of the Council of Nations and Regions at Queen Elizabeth House in Edinburgh earlier this month. We discussed opportunities for attracting long-term inward investment, stabilising the UK economy and creating good jobs. The council demonstrates our commitment to working together to deliver those priorities.

[Richard Foord]

It is essential that all the UK’s nations and regions have a seat at the council of nations and regions, alongside Scotland, yet areas such as the great south-west, which is home to over 3 million people and has an economy of £80 billion, are being left out because we do not have metro mayors. Will the Secretary of State speak to colleagues in the Cabinet Office to ensure that, on the council, Scotland can work with all the non-mayoral regions of England?

[Ian Murray]

On 16 July, the Deputy Prime Minister wrote to all areas that do not have a devolution deal to invite them to come forward with a proposal. New mayors established through that process would be eligible to sit on the Council of Nations and Regions. I will make sure that the Deputy Prime Minister forwards that letter to the hon. Gentleman.