Speeches by McEvoy.

“Mr Narayanan, does the National Wealth Fund have the right risk appetite? How much should it be taking risks early on? I know we have said about being patient—having this patient capital—but some of the projects are champing at the bit. They have got proof of concept, but they cannot get the private investment. How muc…”

“Just to pick up on a couple of the points we have heard before, the Chancellor wrote to the CEO of the National Wealth Fund on 19 March, setting out some strategic priorities. On the first strategic objective, it specifically mentions building stronger relationships with regional, local and devolved authorities, which …”

“Mr Spiers, I am conscious that I have talked exclusively to these two gentlemen. Do you have anything you would like to add on this? You mentioned stipulations in procurement around nature when we are making public investments. Is there anything else around the different PuFins? How would you like it to work?”

“Given your experience with all the different institutions, what do you think is reasonable to mirror how quick investors and venture capital firms are in America? What do you think is a reasonable target, when you are on the record, for these institutions to be able to turn around an application?”

“Time is of the essence, facing the valley of death. Dr Turner, what do you think?”

“I have one final question, which is also for Dr Turner. For the Committee’s and my benefit, what would be a reasonable reply rate for finding out about an application to a PuFin? We talked about the speed of the private sector—what would be a reasonable timeline for a PuFin to achieve once you have applied compared wit…”

“We heard from Mr Thomas of First Light Fusion on the last panel that a positive impact of state funding is the signal to market. For a business at your stage, how much is it about the signal to market versus the absolute “keep the lights on” cash?”

“Mr Chambers, earlier you mentioned the UK Infrastructure Bank. Can you tell us a bit about the experience and the feedback it gave you when you applied for that capital and other investment?”

“Do we have the demand in the country for those kinds of products?”

“That is very interesting. I have CPI in my constituency of Darlington, which is a brilliant organisation. Can you tell the Committee about the technologies you were talking about so that we have more of a picture of the sort of things your industry is innovating on?”

“I have heard that quite a lot. That means that the company becomes more and more owned by a separate country, even though it was made here. What is the difference between those American investors and our British investment landscape?”

“That is interesting. In terms of them not having enough money, in your sector you have a lot of people competing for this public investment. We hear about pipeline, that there is not enough to invest in in the UK, and that our pension funds are only 3% invested in the UK—all these problems. Do you think that in the bio…”

“It’s a PuFin.”

“Whose role is that?”

“On that point, Dr Turner, obviously that is in contrast with the previous panel’s experience and understanding of the different PuFins. Could you elaborate on some of your members’ experiences with those different institutions? How have they found the feedback loop? There are the big Green Book reforms about how the Tr…”

“Does the right hon. Lady’s calculation of £1 billion account for how people feel, for the degradation of pride in areas where people fly-tip, and for the failure of local services to be able to afford to collect and clean up rubbish tips on the side of our roads? I wonder if there is a multiplier effect in how people f…”

“I commend the hon. Member for making that important point—these young people who are using off-road bikes are not only tearing up communities and green spaces, but putting themselves at severe risk. I commend him for bringing that point to the House, because it is such an important one.”

“In my constituency of Darlington, I have witnessed people doing what my hon. Friend described so often that it is now a common source of conversation between me and the assistants working in those shops. Does she agree that USDAW’s campaign to protect shop workers, which has been going on for years, is brilliant and th…”

“My hon. Friend is giving a speech that I think many Members will find difficult to hear from such a wonderful friend and colleague. Does he agree that many women are already facing incredibly difficult situations, and many could already have a late-term abortion for which they could order pills online? We do not want t…”

“Does the right hon. Lady have any thoughts on the idea that people who hire somebody privately to take away their rubbish are often being held accountable for that third-party company dumping the rubbish illegally? People are at a loss to know what they are supposed to do.”