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1007027

	registered interest
	date	14/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Research: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how he plans to increase private sector spending on R&D in order to meet the 2027 target announced in Budget 2018.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	191409
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The Government is committed to maintaining the UK’s position as a world leader in science and innovation and has introduced a wide range of policies to stimulate private sector investment in Research and Development, ranging from increases in government funding of R&amp;D to improvements to the wider institutional and tax environment for R&amp;D and a new patient capital investment programme. Internationally, the UK is a highly attractive place for R&amp;D, ranking 4<sup>th</sup> on the 2018 global innovation index.</p><p> </p><p>Since 2016, the Government has committed an additional £7bn of public funding to R&amp;D by 2021-22. This is the largest boost by any government for 40 years and will leverage significant private investment. On average, every public pound spent on R&amp;D generates an additional £1.36 of private spending. In addition, support for businesses through R&amp;D tax credits has tripled since 2010, reaching £3.5 billion in 2016/17.</p><p> </p><p>At Autumn Budget 2017, the government announced a 10-year action plan to unlock over £20bn to finance growth in innovative firms, including launching a new £2.5bn investment programme, British Patient Capital, and extending the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs).</p><p> </p><p>Taken together, these policies will accelerate private investment in R&amp;D, building on the healthy real-terms growth of 26 per cent we experienced between 2010 and 2016 (the last year of official data).</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 13:24:28 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah

1007034

	registered interest
	date	14/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Private Finance Initiative
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect of changes to PFI contracts announced in Budget 2018 on job security.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	191410
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The government has announced that it will no longer use Private Finance 2 (PF2), the current model of the Private Finance Initiative (PFI), for new projects. PF2 has not been used since 2016.</p><p> </p><p>However, the government will continue to support private investment in infrastructure through a range of successful established tools. Project finance and commercial skills therefore remain highly valued and critical to infrastructure delivery for government. The government has announced that it will honour existing PFI and PF2 contracts. In addition, the government will launch a pilot ‘Centre of Best Practice’ (CBP) in the Department of Health and Social Care to help Trusts maximise the value of their existing PFI contracts.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 13:21:04 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah

1007888

	registered interest
	date	15/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Research: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how the Government is planning to protect R&D funding in the event of the UK leaving the EU without a deal.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	191916
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The draft withdrawal agreement sees the UK continuing to participate in EU programmes until the end of 2020 – providing certainty for British organisations and their European counterparts.</p><p> </p><p>The Treasury will guarantee funding for UK organisations which successfully bid directly to the European Commission - through projects like Horizon 2020 - until the end of this EU budget period if no deal is agreed.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 20/11/2018 13:34:48 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah

760635

	registered interest
	date	14/09/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Treasury: Chief Scientific Advisers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department will appoint a Chief Science Adviser.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	105128
	answer	answer is ministerial correction date of answer 09/10/2017 answer text <p>HM Treasury is committed to ensuring that we access the very best scientific expertise. The Director for the Enterprise and Growth Unit, who is responsible for public science funding, acts as HM Treasury’s Chief Scientific Adviser, working closely with the Government Office for Science and the wider network of scientific advisers. In addition, the Second Permanent Secretary is a member of the Prime Minister’s Council for Science and Technology.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 105178 question first answered 09/10/2017 15:41:19 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah

773914

	registered interest
	date	19/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Treasury: Scientific Advisers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to ensure that its activities are informed by proactive and independent scientific advice; and if he will make a statement.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	108644
	answer	answer is ministerial correction date of answer 27/10/2017 answer text <p>HM Treasury’s Chief Scientific Adviser works closely with the Government Office for Science and its wider network of scientific advisers. In addition, the Second Permanent Secretary is a member of the Prime Minister’s Council for Science and Technology. The department also engages regularly with academics, Research Councils and the National Academies to ensure that policy is informed by independent and expert scientific advice.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 27/10/2017 11:59:42 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah

777077

	registered interest
	date	24/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Carers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment the Government has made of the effect of caring responsibilities on (a) labour productivity and (b) economic growth.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	109396
	answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The Government has not made an estimate of the effect of having caring responsibilities on labour productivity or economic growth.</p><p> </p><p>The Government is committed to continuing to support carers to provide care as they wish, and to do so in a way that supports their own health &amp; wellbeing, employment and other life chances.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 30/10/2017 13:57:01 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah

828603

	registered interest
	date	23/01/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Business: Females
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans the Government has to develop tax incentives and economic support to expand entrepreneurial opportunities for women in micro-businesses or who are self-employed.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	124270
	answer	answer is ministerial correction date of answer 29/01/2018 answer text <p>The government supports women entrepreneurs, including those running micro-businesses, and has a number of tax incentives that they benefit from, including Entrepreneurs’ Relief and the Seed Enterprise Investment Scheme. The government has also supported women who are self-employed by raising the personal allowance to £11,850 in 2018-19, with a commitment to reach £12,500 by 2020-21. In 2018-19, compared to 2015-16, over 700,000 women will be taken out of income tax altogether and 13m women will see their income tax bill reduced.</p><p> </p><p>We are working to ensure we have the right support for everyone, including women, to set up and grow a business.</p><p> </p><p>As part of the Industrial Strategy, we are identifying ways to tackle barriers faced by female-led businesses in accessing venture capital through new behavioural research commissioned by the British Business Bank.</p><p> </p><p>Start-Up Loans (SUL) provide funding and intensive support to new entrepreneurs. As at the end of October 2017, there were over 20,130 loans issued to women totalling over £132.5m. To date 39% of start-up loans have been issued to women.</p><p> </p><p>Government has also supported and invested in the creation of a network of 38 Growth Hubs (one in each Local Enterprise Partnership area), providing businesses across England with tailored advice and support. The Business Support Helpline also provides information and guidance to people across England - 49% of users in the last year (2016-17) were women.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 29/01/2018 15:03:26 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4124 label Biography information for Chi Onwurah