Extract from Budget
debate
(Don Valley) (Con):...The
only way that a person can grow is through everyone around them
sharing knowledge. Companies can grow by sharing knowledge, and
the only way that a country can grow is by doing the same.
Consequently, I shall carefully follow the research and
development projects that continue to engage with businesses in
places such as Doncaster and Sheffield. There are already
fantastic processes that can be built on. For instance, Sheffield
has made a great start in utilising R&D projects, and the
University of Sheffield’s advanced manufacturing research centre
is now home to the biggest names in the industry,
including Rolls-Royce
Boeing, McLaren and many others. I thank Steve Foxley and Simon
Collingwood from AMRC for their continued support for my mission
to get children and young people in Doncaster an AMRC in their
town. These two individuals share my dream, and good business
sense, that our future lies in our children’s hands and that,
with strong local educational institutions, they can help to do
great things...
Extracts from Committee
stage of the Subsidy Controls Bill
(Sefton Central) (Lab):...The
same point applies to scale-ups, a point Rolls-Royce made
in its written evidence. It has that concern about start-ups, and
quoted some case law from the Supreme Court saying that courts
should be careful not to leap to conclusions when asked to apply
the test about insolvency, and that allowance should be made for
debts when the maturity date is some time in the distance. Is the
difference between liabilities that are due in the short term and
long-term liabilities and debts picked up in the primary
legislation? How is the Minister planning to ensure that a
distinction is made between short-term and long-term
liabilities?
Interestingly, Rolls-Royce made
the point about national security, going back to our earlier
debate. In addition to mentioning what we raised before, it asked
about dual use. What is the Government’s plan on subsidies where
dual use includes national security investment and non-national
security investment, which is common in areas such as aerospace?
