Chris McDonald

Chris McDonald

Labour — Stockton North

Speaking in the House of Commons on 12 March 2026

Debate

Private Sector Investment

Contribution

I thank my hon. Friend for his work in establishing the all-party parliamentary group on quantum technologies. He is right to identify these technologies as very important for the future, and to put his finger on the particular problem that we have in the UK: while we are brilliant at innovating and investing in research, we have historically struggled with scale-up. That is not something that this Government are prepared to accept. Just as we are investing in critical minerals and automotive connected mobility technologies, we are investing in this area. The British Business Bank is doubling its annual investments to ensure that we can support scale-up and bring forward at least 10 new-to-market growth-stage funds so that we can leverage pension investments and help British businesses to stay and grow in the UK.

More from Chris McDonald

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Chris McDonald's full parliamentary record including voting history, expenses and all other contributions, see the Chris McDonald report card.