MP for Windsor
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Windsor MP welcomes government effort to promote financial technology

Adam Afriyie, the MP for Windsor and Chair of the All Party Parliamentary Group on Financial Technology, has asked the Government a series of questions on what they are doing to ensure that the UK’s world class financial technology (fintech) industry remains on the cutting edge.

An Ernst and Young report commissioned by HM Treasury in 2016 found that the UK was the best placed hub in the world for fintech. Subsequent studies, such as the annual Z/Yen Financial Services Index, have further reinforced the UK’s claim to be the world’s best location for fintech firms.

Windsor MP asks questions on broadband policy in Parliament

On Thursday 16th November Adam asked the Department for Digital, Culture, Media and Sport for an update on the government’s continued work to rollout superfast broadband and build a fast, secure and ubiquitous digital Britain (09:44:25 to 09:45:56):

 

Digital, Culture, Media and Sport Questions, 16th November:

Adam Afriyie (Windsor, Conservative): 3. What steps she is taking to improve broadband speeds in rural areas.

Matt Hancock (Minister of State for Digital): As we have heard, superfast broadband is now available to more than 94% of premises. In 2010, only 42.5% of homes in Windsor had superfast broadband access. Today, that number is just shy of 94%.

Windsor MP asks questions on international development in Parliament

On Wednesday 18th October Adam asked the Department for International Development for an update on the work being made to ensure the UK continues to promote development in Commonwealth countries (11:49:26 to 11:51:10):

 

International Development Questions, 18th October:

Adam Afriyie (Windsor, Conservative): 6. What steps she is taking to promote development in other Commonwealth countries.

Rory Stewart (Minister of State for International Development) (Joint with the Foreign and Commonwealth Office): The Prime Minister and Secretary of State have made it clear that the Commonwealth is absolutely central to our future policy, and that is not just true in respect of forthcoming Commonwealth Heads of Government meetings; the 20 largest DFID recipient countries include Nigeria, Bangladesh, Pakistan, Kenya, Uganda, Rwanda, Tanzania, Malawi and Sierra Leone, in which our programmes extend from health and education, to economic development, without which there can be no jobs or growth.

Update: Windsor MP asks Government question on investment

On Tuesday 28th February Adam asked Chancellor of the Exchequer for an update on the work that they are doing to make Britain a better place for private sector firms to invest.

Treasury Questions – Tuesday 28th February

Adam Afriyie (Windsor, Conservative): I very much welcome this Government’s healthy commitment to scientific spending over several years, but it seems that our business investment in research is below the OECD average. May I urge the Chancellor to examine measures that will increase private company business expenditure on research?

David Gauke (Chief Secretary to the Treasury): As the Chancellor announced at the autumn statement, the Government are significantly increasing investment in research and development, rising to an extra £2 billion a year by 2020-21. We have also made the R&D tax credit regime much more generous. We want to ensure that the UK remains an attractive place for business to invest in innovative research.

Windsor MP asks questions on space policy in Parliament

On Tuesday 13th December Adam asked the Business, Energy and Industrial Strategy Department for an update on the progress at the recent European Space Agency (ESA) summit (4:53 to 6:21):

 

Business, Energy and Industrial Strategy Questions, 13th December:

Adam Afriyie (Windsor, Conservative): What steps his Department is taking to promote science and innovation.

Jo Johnson (Minister of State for Universities, Science, Research and Innovation): This Government are strongly committed to science and innovation. We protected the science budget at the spending review in 2015. In the last autumn statement, a few days ago, we committed to spending a further £2 billion a year by 2020/21. The creation of UK Research and Innovation, through the passage of the Higher Education and Research Bill, will increase the value and impact of our investments in science and innovation in the years ahead. [Official Report, 16 December 2016, Vol. 618, c. 7-8MC.]

 

Adam Afriyie (Windsor, Conservative): I thank the Minister for that answer. It has certainly been a good time for science and innovation in Britain. It has also been a good year for the UK space sector, with Major Tim Peake’s historic visit to the international space station and a new spaceport here in the UK. It certainly strikes me that the next big challenge will be the successful delivery of the ExoMars programme, particularly given some of the rumours that have been going around. Will the Minister update the House on any progress made at the European Space Agency summit recently?

Jo Johnson (Minister of State for Universities, Science, Research and Innovation): Yes, I am happy to provide a brief update. My hon. Friend is an aficionado of space policy and former chair of the parliamentary space committee, so he will be delighted to know that we had an excellent outcome at the European Space Agency’s Council of Ministers. We committed a further €1.44 billion, which has secured the future of the ExoMars programme, among many other things.

 

The MP for the Windsor constituency, Adam Afriyie, said:

“As a former Chair of the Parliamentary Space Committee, I am delighted that the Government continues to invest in making the UK a world leader in the space industry.

“Space has the ability to inspire like few other areas. 2016 was a great year for the British space sector and has undoubtedly motivated many students to pursue their career, and dreams, in researching this area. I hope that 2017 will be even better.

“I am proud at the fact that Britain has a long and prestigious history of being at the cutting edge of technological innovation. We have some of the most prestigious universities, innovative technology companies and supportive regulatory environments in the world.

“This Government has made strong steps to creating the right ecosystem for the space industry to deepen its roots and grow. I hope that they continue the good work investing and nurturing technologies for the future.”

 

 

ENDS

  1. Adam Afriyie is the Prime Minister’s Trade Envoy to Ghana.
  2. He has a strong background in science, technology and innovation.
  3. He is currently Chairman of the Fintech APPG, Parliamentary Office of Science and Technology (POST) and President of the Conservative Technology Forum (CTF).
  4. He was shadow Minister for Science from 2007-2010 and has a background in the information services and technology sector.
  5. He is Patron of the Parliamentary Space Committee (PSC) and was Chair of the PSC between 2010 and 2015.
  6. The POSTnote on ‘UK Commercial Space Activities’ can be found here.