International Investment 2025-01-30
2025-01-30
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Questions & Answers
Q1
Direct Answer
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Context
The question follows the announcement of increased inward investment and leveraged private sector investments in the UK. The MP references the growing financial pressure on UK universities, with several institutions facing funding crises.
I am honoured to have been appointed as the UK trade envoy to Pakistan. Given the growing financial pressure on UK universities, with several leading institutions announcing job cuts amid the deepening funding crisis, what steps is the Department taking to foster stronger educational partnerships with Pakistan to help alleviate financial pressures in the sector in the UK, while supporting Pakistan’s educational goals?
I congratulate my hon. Friend on his appointment as the trade envoy to Pakistan. I can think of no one better, and I know he will make a big difference in that role. The Government took the decision to reappoint Professor Sir Steve Smith as our international education champion to ensure that the UK-Pakistan education partnership’s work continues as part of the international education strategy, which is now jointly led by the Foreign, Commonwealth and Development Office, the Department for Education and the Department for Business and Trade. Led by Sir Steve, the UK has worked closely with the Pakistan Higher Education Commission on revising Pakistan’s new transnational education policy. That work will continue, and I am sure my hon. Friend will bring great help to it.
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Q2
Direct Answer
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Context
The question arises from a discussion on inward investment and economic opportunities. The MP references specific sectors such as defence, food security, space, maritime, life sciences, and climate tech, highlighting the potential for green energy development in the region.
The south-west is home to an incredibly important economy based on defence, food security, space, maritime, and, in Exeter, life sciences and climate tech and research. We are also home to huge green energy potential, utilising floating offshore wind. However, we currently need investment in our port facilities so that the new green jobs will be based in the south-west, not in France or elsewhere. Will the Minister meet me, along with colleagues and the sector, to discuss the future of green energy generation in the south-west?
I thank my hon. Friend for his question. I saw the talent and potential for myself when I visited Exeter in September for Great South West’s annual conference. I am visiting the region again in a few weeks, because there is huge potential, huge excitement and huge opportunities to grow. As he knows, there is £1.8 billion from the national wealth fund to invest in our ports. I am very happy to meet him and others to see what potential we can discuss.
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