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847764

registered interest
date	23/02/2018
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	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding has been allocated to research opportunities for digital currency technology and its potential applications.
tabling member constituency	North Norfolk
tabling member printed	Norman Lamb
uin	129440
answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Engineering and Physical Sciences Research Council (EPSRC) leads the cross Council Digital Economy (DE) Theme, which incorporates the digital currency technology and associated distributed ledger technology activities, announced in the March 2015 Budget. To date, the DE Theme has invested around £7.2 million in the following activities:</p><p> </p><ul><li>A £260,000 project - Third Party Dematerialisation and Rematerialisation of Capital.</li><li>An 18-month £0.4 million project investigating the phenomena of cryptocurrencies and their associated underlying technology - Cryptocurrency Effects in Digital Transformations (CREDIT)</li><li>A £3.7 million for seven interdisciplinary feasibility studies that will explore and understanding transformative use cases of distributed ledger technology “Applications of Distributed Ledger Technology” resulting in. Details of the projects are available on the EPSRC website at: <a href="http://gow.epsrc.ac.uk/NGBOViewPanelROL.aspx?PanelId=1-3X22ML&amp;RankingListId=1-3X22MS" target="_blank">http://gow.epsrc.ac.uk/NGBOViewPanelROL.aspx?PanelId=1-3X22ML&amp;RankingListId=1-3X22MS</a></li><li>Three projects relevant to research in applications of distributed ledger technology were supported under “Broad applications of distributed ledger technologies” as one of six focal areas in a £10 million call for research proposals on the Trust, Identity, Privacy and Security in the Digital Economy call (2015) - see <a href="http://gow.epsrc.ac.uk/NGBOViewPanel.aspx?PanelId=1-37PAUA" target="_blank">http://gow.epsrc.ac.uk/NGBOViewPanel.aspx?PanelId=1-37PAUA</a>)</li></ul><p> </p><p>Innovate UK has funded projects that develop and commercial digital currency technologies with various sectoral applications, related to blockchain and distributed ledger projects for use in areas like provenance tracking of goods. Since 2004 Innovate UK has invested nearly £2 million into these technologies.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 05/03/2018 17:28:28 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	1439 label Biography information for Norman Lamb

847782

registered interest
date	23/02/2018
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	Commercial Secrets: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether as part of the transposition of the Trade Secrets Directive into UK law, the Government plans to transpose Article 5 of that legislation which is excluded from the consultation.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	129458
answer	answer is ministerial correction date of answer 28/02/2018 answer text <p>The Government is seeking views on draft regulations to transpose the Trade Secrets Directive into UK law and launched a technical consultation on 19 February 2018.</p><p> </p><p>The Government is of the view that it is not necessary to transpose the provisions of Article 5 of the Directive as UK law already provides for such measures. However, the Government will consider any views to the contrary submitted to the consultation.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 28/02/2018 16:27:14 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	410 label Biography information for Jon Trickett

847786

registered interest
date	23/02/2018
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	Commercial Secrets: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government will take steps to ensure that the damages applicable to employees and former employees under the laws resulting from the transposition of the Trade Secrets Directive into UK law are set as low as possible, so as to ensure that the threat of high fines does not act as a disincentive to legitimate whistleblowing.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	129462
answer	answer is ministerial correction date of answer 28/02/2018 answer text <p>The Government is of the view that the law already protects whistle-blowers from employers seeking injunctions or damages against them for the disclosure of a trade secret. The transposition of the Trade Secrets Directive will not change the position. In view of this, there is no need for action to be taken with regard to the level of damages for legitimate whistleblowing.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 28/02/2018 16:31:43 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	410 label Biography information for Jon Trickett

847788

registered interest
date	23/02/2018
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
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Treasury underwrite of Horizon 2020 funding awarded before the UK leaves the EU will cover European Research Council grant holders who were working at institutions outside of the UK when they signed their grant but who want to relocate to complete their research at a UK institution.
tabling member constituency	Bristol East
tabling member printed	Kerry McCarthy
uin	129464
answer	answer is ministerial correction date of answer 02/03/2018 answer text <p>The UK is eligible to fully participate in all aspects of the Horizon 2020 programme, including the European Research Council (ERC), while we remain a member of the EU.</p><p> </p><p>In addition, the Joint Report presented by EU and UK negotiators states that: “following withdrawal from the Union the UK will continue to participate in the Union programmes financed by the MFF 2014-2020 until their closure”. This includes participation in Horizon 2020.</p><p>This means that, subject to the Withdrawal Agreement, ERC grant holders will continue to be eligible to relocate their grants to and from the UK.</p><p> </p><p>However, the Government’s underwrite guarantee remains in place in the event that commitments made in the Joint Report are not met. This ensures UK participants who successfully bid for competitive EU funds, including those delivered through the ERC, before the UK’s withdrawal from the EU will receive funding.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 02/03/2018 10:10:49 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	1491 label Biography information for Kerry McCarthy