Business of the House
Debate between Steve Double and Anna Soubry(4 years, 6 months ago)
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Steve Double (St Austell and Newquay) (Con)
On a point of order, Madam Deputy Speaker. Far be it from me to try to do your job, but I thought we were debating the business of the House motion. We seem to be rehearsing a debate that we are likely to have all over again tomorrow.
Oral Answers to Questions
Debate between Steve Double and Anna Soubry(8 years, 4 months ago)
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Steve Double (St Austell and Newquay) (Con)
14. What steps he is taking to support the aerospace industry.
The Minister for Small Business, Industry and Enterprise (Anna Soubry)
I was delighted that in the spending review the Government committed a further £900 million of funding for aerospace research and development, supported by the Aerospace Technology Institute. That means that this Government will invest almost £2 billion in aerospace research over 13 years to 2025-26, so our world-leading aerospace industry can stay at the forefront of development and capitalise on the estimated £3.6 trillion market for new aircraft that will be needed over the next 20 years.
Anna Soubry
I am more than happy to meet my hon. Friend to discuss the concerns of all those he has met with. Rolls-Royce, along with the aerospace sector as a whole, is a major contributor to the United Kingdom economy, so we get how important it is. That is why we have protected and, indeed, extended the investment that we are making in research and development.
Steve Double
The recent announcement of the expansion of the Aerohub enterprise zone in Cornwall to include the Goonhilly earth station has been keenly welcomed in Cornwall. Does the Minister agree that this creates a great opportunity for Cornwall to be awarded the location of the UK spaceport, which would provide a huge bonus to the Cornish economy?
Anna Soubry
I am sure my hon. Friend will continue to make that case. I have to say that a number of other airports are in the running and we aim to launch the selection process next year. We have heard the great news about the launch today and Major Tim going up into space. Ground control can report that the UK space sector has almost doubled to £11.8 billion—[Interruption.] I know it is the festive season, but I think it is most unfortunate that Opposition Members are singing. It is not good. I hope they might cheer the fact that the sector has almost doubled to £11.8 billion in just seven years and employs 37,000 people.