Question to the Department for Business and Trade:

To ask His Majesty's Government, following reports that Oxford PV is more likely to seek listing on the New York or Hong Kong stock exchanges, what steps they are taking to strengthen UK energy and battery technology by incentivising such companies to seek listing on the UK stock exchange.

The UK has some of the strongest capital markets in the world and continues to be Europe’s leading hub for investment, second only to the US as a listing destination. The UK is building on these strong foundations by taking forward ambitious reforms to the rules governing capital markets, including taking forward the recommendations of Mark Austin’s Secondary Capital Raising Review and launching an Investment Research Review to boost the UK’s investment research environment.

Furthermore, the Government has committed a total of £30 billion of domestic investment for the green industrial revolution. Our policy and regulatory environment has already been successful in providing investors and industry with long-term certainty. The Government also supports innovative clean energy projects and companies, and expects to invest approximately £4.2 billion in net zero research and innovation over the period from 2022-25.