Peter Kyle

Peter Kyle

Labour — Hove and Portslade

Speaking in the House of Commons on 8 January 2025

Debate

NHS Diagnostic Processes: Technological Innovation

Contribution

The first thing that we have done is increase to record levels overall the Government’s investment in R&D. Pioneering work is also going on through Innovate UK, the Advanced Research and Invention Agency and the different funding bodies that are available to take different levels of risk when it comes to supporting, creating and upscaling innovation. The work that the Chancellor is doing to reform our pension system will unlock capital, because fundamentally we must get more domestic capital into the venture capital community so that we can get domestic innovation supported by domestic capital to upscale and solve the challenges that the hon. Member talked about.

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