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1304420

	registered interest
	date	19/03/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Company Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government which (1) sections of the Companies Act 2006, or (2) regulations made under that Act, outline (a) the accounting treatment, and (b) the disclosure requirements, for finance secured through reverse factoring.
	tabling member printed	Lord Sikka
	uin	HL14423
	answer	answer is ministerial correction date of answer 31/03/2021 answer text <p>The Companies Act 2006 does not include specific requirements for finance secured through reverse factoring. However, section 393 places a requirement on directors that the accounts must provide a true and fair view of the assets, liabilities, financial position and profit or loss of a company or group. This places a responsibility to provide such information as is necessary to ensure that requirement is met, including where reverse factoring is used in supply chain arrangements.</p><p> </p><p>The correct accounting treatment for reverse factoring is dependent on the terms and conditions of the factoring arrangement in place. The International Financial Reporting Standards (IFRS) Interpretations Committee and the Financial Reporting Council (FRC) have both issued guidance addressing the accounting standards requirements for reverse factoring, including guidance on additional disclosures. Copies of the guidance are attached below. The International Accounting Standards Board is also considering whether to add a project on reverse factoring to its agenda, as part of their responsibility for issuing International Financial Reporting Standards.</p> answering member printed Lord Callanan attachment 1 file name supply-chain-financing-arrangements-reverse-factoring-december-2020.pdf title Supply Chain Financing Arrangements—Reverse Factor 2 file name Disclosures-on-the-sources-and-uses-of-cash-Final.pdf title Disclosures on the sources and uses of cash question first answered 31/03/2021 13:57:56 answering member 4336 label Biography information for Lord Callanan
	tabling member	4885 label Biography information for Lord Sikka

1299842

	registered interest
	date	04/03/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Fracking
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their most recent assessment of (1) the contribution that the Bowland Shale Formation can make to meeting the energy requirements of the UK, and (2) the proportion of such requirements during the next 10 years that will be met by shale gas fracking.
	tabling member printed	Lord Greaves
	uin	HL13899
	answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>BEIS and Ofgem’s joint annual Statutory Security of Supply Report provides an assessment of the current availability of secure, affordable electricity, gas and oil for meeting the needs of consumers. The latest report, published on 18 December 2020, does not use hydraulically fractured shale gas in any of its security of supply assessments. Please see attached.</p><p>In October 2017, BEIS published a report summarising gas security over the next 20 years, including consideration of the role of shale gas in general. Please see attached.</p><p> </p> answering member printed Lord Callanan attachment 1 file name statutory-security-of-supply-report-2020.pdf title Statutory security of supply report 2 file name gas-security-supply-assessment.pdf title Gas security of supply assessment 3 file name gas-security-of-supply-review.pdf title Gas security of supply review question first answered 18/03/2021 17:01:46 answering member 4336 label Biography information for Lord Callanan
	tabling member	2569 label Biography information for Lord Greaves

1568421

	registered interest
	date	18/01/2023
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Carillion: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government when they expect to publish the audit reforms they committed to introduce after the collapse of the construction firm Carillion five years ago.
	tabling member printed	Lord Naseby
	uin	HL4867
	answer	answer is ministerial correction date of answer 31/01/2023 answer text <p>The Government’s response to consultation on its reform proposals was published on 31 May 2022. This set out that reforms will be delivered by a variety of mechanisms, including changes already made by the regulator and by Ministerial Direction. The Government is committed to legislating when Parliamentary time allows.</p> answering member printed Lord Callanan question first answered 31/01/2023 16:38:07 answering member 4336 label Biography information for Lord Callanan attachment 1 file name restoring-trust-in-audit-and-corporate-governance-govt-response.pdf title Restoring trust in audit and corporate governance
	tabling member	1251 label Biography information for Lord Naseby

1126711

	registered interest
	date	14/05/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Social Science: Research
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what estimate they have made of the readership of Government-funded social science research, outside of universities, in the public, voluntary and private sectors.
	tabling member printed	Lord Mawson
	uin	HL15728
	answer	answer is ministerial correction date of answer 29/05/2019 answer text <p>Available information on the readership of social science research does not distinguish between different categories of reader. However, there are many different ways for research to be disseminated and to have impact wider than academic readership.</p><p> </p><p>Over 2000 case studies of the impact from social science research outside academia were submitted to the Research Excellence Framework (REF) 2014 Panel C on Social Sciences (around 30% of total impact case studies submitted to the REF). Analysis from the National Co-ordinating Centre for Public Engagement shows that 52% of those submitted to Panel C included public engagement. Additional analysis by Kings College London and Digital Science (attached) looked at the impact of research on public policy and parliamentary debate, showing that case studies submitted to Panel C were the most likely to evidence political engagement.</p><p> </p><p>Between 2012-16, at least 25% of Economic and Social Research Council (ESRC) funded research included collaboration or partnership with at least one partner organisation. ESRC funded research is also highly connected to the public sector with up to 27% of funded research showing policy or practice impacts in 2016.</p><p> </p><p>Specific examples of the impact from ESRC’s funded social science research can be found on their website, many of these involve working closely with industry, government, or not-for-profits.</p><p> </p><p>We are working with UK Research and Innovation and other key partners to develop a roadmap that sets out how government and industry will work together to reach our target of increasing R&amp;D investment to 2.4% of GDP by 2027, which would be the highest recorded level, and 3% in the longer-term.</p><p> </p><p>The £236m Strength in Places Fund supports areas across the UK to build on their science and innovation strengths and develop stronger local networks. It funds proposals developed by local consortia which demonstrate a strong impact on local growth and productivity. Successful wave 1 bids were announced by UKRI in March 2019, and wave two was launched on 8 May 2019. It is expected that successful bids to this initial stage will be announced during summer 2020.</p> answering member printed Lord Henley question first answered 29/05/2019 12:53:14 answering member 2616 label Biography information for Lord Henley attachment 1 file name ref-impact.pdf title Initial analysis of REF 2014 impact case studies
	tabling member	3830 label Biography information for Lord Mawson

1174064

	registered interest
	date	28/01/2020
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Horizon 2020 and Horizon Europe
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the UK's annual contribution to the Horizon 2020 research programme from 2013 onwards; and what they estimate it will be for each year until 2027.
	tabling member printed	Lord Bassam of Brighton
	uin	HL835
	answer	answer is ministerial correction date of answer 04/02/2020 answer text <p>As a Member State of the EU, the UK did not contribute financially to specific programmes. Member States pay for participation in EU Framework Programmes through the general UK contribution to the EU Multiannual Financial Framework (MFF).</p><p> </p><p>The Withdrawal Agreement means that the UK continues to participate in EU Programmes financed by the 2014-2020 MFF until their closure. Horizon 2020 is a Programme funded under the current MFF. UK scientists, researchers and businesses can continue to participate in these programmes and receive EU grant funding for the lifetime of individual projects, including projects finishing after the transition period ends in 2020. This will include UK participations in Horizon 2020 projects running until 2027 where the funding has been committed under the 2014 – 2020 MFF.</p><p> </p><p>Information on the UK’s participation in Horizon 2020 can be found on the European Commission’s Horizon 2020 dashboard.</p><p> </p><p>The shape and content of EU Programmes post-2020, including Horizon Europe, are currently being negotiated in the EU Institutions. This includes budget discussions which are decided as part of the EU’s Multi-annual Financial Framework negotiation. The Horizon Europe Regulation budget is as of yet unknown and will only be finalised after the overall EU budget has been agreed.</p><p> </p> answering member printed Lord Duncan of Springbank question first answered 04/02/2020 15:35:47 answering member 4686 label Biography information for Lord Duncan of Springbank attachment 1 file name horizon_dashboard_quick_guide.pdf title Horizon 2020 Dashboard quick guide
	tabling member	3504 label Biography information for Lord Bassam of Brighton

1126715

	registered interest
	date	14/05/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Electric Vehicles
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what estimate they have made of the increase in demand for power as a result of any growth in electric vehicle use by (1) 2030, and (2) 2040; and what plans they have to ensure the UK's energy infrastructure meets this rise in demand.
	tabling member printed	Lord Mendelsohn
	uin	HL15732
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>National Grid (Electricity System Operator) published their 2018 Future Energy Scenarios on 12 July (attached) and previously produced a bespoke note on the electricity system impacts of electric vehicles (attached). The level of impact that National Grid presents is manageable by the electricity system and shows the benefits that can be provided through smart charging of electric vehicles. Therefore, the Government has taken powers in the Automated and Electric Vehicles Act to mandate that all charge points sold or installed in the UK must be smart enabled, and we are planning to consult on secondary regulations this year. In addition, the Government has established an Electric Vehicle Energy Taskforce, made up of representatives from across the automotive and energy industries and consumer groups, in order to consider these issues, alongside the wider integration of electric vehicles into the energy system. The Government is confident it will be possible to manage additional demand from greater uptake of electric vehicles through adjustments to the level of capacity secured in Capacity Market auctions.</p><p> </p><p>In terms of transporting the power, network companies (including transmission operators) are regional monopolies regulated by the independent energy regulator Ofgem. Ofgem regulates the companies using a price control process called RIIO. As part of this process companies are expected to run a safe and secure network whilst adequately investing for the future and ensuring fair costs to consumers. This process ensures the network infrastructure can transport the power to where it is needed.</p> answering member printed Lord Henley attachment 1 file name fes-interactive-version-final.pdf title Future Energy Scenarios (July 2018) 2 file name ev-myth-buster-v032.pdf title Electricity system impacts of electric vehicles question first answered 22/05/2019 16:25:52 answering member 2616 label Biography information for Lord Henley
	tabling member	4286 label Biography information for Lord Mendelsohn

1462733

	registered interest
	date	12/05/2022
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Water: Conservation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the role of water efficiency measures in helping achieve the government’s net zero aims.
	tabling member printed	Lord Oates
	uin	HL220
	answer	answer is ministerial correction date of answer 26/05/2022 answer text <p>As outlined in the Energy-related Products Policy Framework, the Government estimates 0.9 million tonnes of CO2 equivalent could be saved over Carbon Budget 5 through consumer behaviour change encouraged by a mandatory water label on taps and non-electric showers.</p><p> </p><p>Defra has already committed to mandatory water labelling on taps and non-electric showers, among other products, and is working closely with BEIS officials to explore the inclusion of energy efficiency information on the labels in order to best support consumers to make energy- and money-saving purchases.</p><p> </p><p>The Government will continue to explore the feasibility of other efficiency measures for these products.</p> answering member printed Lord Callanan question first answered 26/05/2022 11:32:04 answering member 4336 label Biography information for Lord Callanan attachment 1 file name energy-related-products-policy-framework.pdf title Energy-related Products Policy Framework
	tabling member	4549 label Biography information for Lord Oates

1437614

	registered interest
	date	02/03/2022
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	The United States of America Corporation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans, if any, they have to investigate the authenticity of the information filed at Companies House by The United States of America Corporation Ltd, which has an authorised share capital of £1.8 trillion.
	tabling member printed	Lord Sikka
	uin	HL6573
	answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>We are unable to comment on individual cases.</p><p> </p><p>The Registrar of Companies has no current powers to verify information properly delivered in accordance with the requirements of the Companies Act 2006 or other enactments.</p><p>However, following extensive consultation over 2020 and 2021, the Government published on 28 February 2022 a detailed White Paper (copy attached) setting out far-reaching reforms to Companies House which will mean that:</p><ul><li>Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity with Companies House;</li><li>The Registrar will have new powers to challenge information that appears dubious, and will be empowered to inform security agencies of potential wrongdoing;</li><li>Company agents from overseas will no longer be able to create companies in the UK on behalf of foreign criminals or secretive oligarchs.</li></ul><p>It is the Government’s intention to bring forward appropriate legislation early in the next session of this Parliament.</p> answering member printed Lord Callanan grouped question UIN HL6574 HL6575 question first answered 15/03/2022 11:44:13 answering member 4336 label Biography information for Lord Callanan attachment 1 file name corporate-transparency-white-paper.pdf title Corp. Transparency & Register Reform White Paper
	tabling member	4885 label Biography information for Lord Sikka

1437615

	registered interest
	date	02/03/2022
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	The United States of Africa Corporation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans, if any, they have to investigate the authenticity of the information filed at Companies House by The United States of Africa Corporation Ltd, which has an authorised share capital of £500 billion.
	tabling member printed	Lord Sikka
	uin	HL6574
	answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>We are unable to comment on individual cases.</p><p> </p><p>The Registrar of Companies has no current powers to verify information properly delivered in accordance with the requirements of the Companies Act 2006 or other enactments.</p><p>However, following extensive consultation over 2020 and 2021, the Government published on 28 February 2022 a detailed White Paper (copy attached) setting out far-reaching reforms to Companies House which will mean that:</p><ul><li>Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity with Companies House;</li><li>The Registrar will have new powers to challenge information that appears dubious, and will be empowered to inform security agencies of potential wrongdoing;</li><li>Company agents from overseas will no longer be able to create companies in the UK on behalf of foreign criminals or secretive oligarchs.</li></ul><p>It is the Government’s intention to bring forward appropriate legislation early in the next session of this Parliament.</p> answering member printed Lord Callanan grouped question UIN HL6573 HL6575 question first answered 15/03/2022 11:44:13 answering member 4336 label Biography information for Lord Callanan attachment 1 file name corporate-transparency-white-paper.pdf title Corp. Transparency & Register Reform White Paper
	tabling member	4885 label Biography information for Lord Sikka

1437616

	registered interest
	date	02/03/2022
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	World Corporate Organization
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans, if any, they have to investigate the authenticity of the information filed at Companies House by World Corporate Organization Ltd, which has an authorised share capital of £900 billion.
	tabling member printed	Lord Sikka
	uin	HL6575
	answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>We are unable to comment on individual cases.</p><p> </p><p>The Registrar of Companies has no current powers to verify information properly delivered in accordance with the requirements of the Companies Act 2006 or other enactments.</p><p>However, following extensive consultation over 2020 and 2021, the Government published on 28 February 2022 a detailed White Paper (copy attached) setting out far-reaching reforms to Companies House which will mean that:</p><ul><li>Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity with Companies House;</li><li>The Registrar will have new powers to challenge information that appears dubious, and will be empowered to inform security agencies of potential wrongdoing;</li><li>Company agents from overseas will no longer be able to create companies in the UK on behalf of foreign criminals or secretive oligarchs.</li></ul><p>It is the Government’s intention to bring forward appropriate legislation early in the next session of this Parliament.</p> answering member printed Lord Callanan grouped question UIN HL6573 HL6574 question first answered 15/03/2022 11:44:13 answering member 4336 label Biography information for Lord Callanan attachment 1 file name corporate-transparency-white-paper.pdf title Corp. Transparency & Register Reform White Paper
	tabling member	4885 label Biography information for Lord Sikka