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V935 - Expansion of Science Parks Bill 2016 (Second Reading) watch

  • View Poll Results: Should this bill be passed into law?
    As many are of the opinion, Aye
    70.21%
    On the contrary, No
    12.77%
    Abstain
    17.02%

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    B935 - Expansion of Science Parks Bill 2016 (Second Reading), TSR Conservative and Unionist Party
    A

    B I L L

    TO

    Expand the number of science parks nationwide to provide skilled jobs to local communities, attractive new offices and green spaces for businesses, and to put the UK at the forefront of hi-tech economies.


    BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:—

    1 Expansion of Science Parks
    20 science parks are to be built across England, Wales, Scotland and Northern Ireland by the end of 2017. They will contain numerous high-tech industries (both locally, domestically and internationally) including: research and development, computer programming, engineering, medical equipment and computer parts.

    2 Interpretation
    In this Act—
    “science park” refers to a space that is devoted to research and development of new technologies and for technological industries;
    “high-tech industries” refers to an industry using or involving advanced methods and the most modern equipment.

    3 Short title and extent
    (1) This Act may be cited as the Expansion of Science Parks 2016 Act 2016.
    (2) This Act extends to the whole of the United Kingdom.
    Notes
    Spoiler:
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    High-tech industries are essential for the UK to advance both economically and technologically. It is one of the fastest growing industries that is sustainable and flexible due to the wide variety of fields.

    The geographical spread of high-tech jobs is also a major concern. Too much investment in the south has left the north, Scotland and Wales with very few of these jobs, not because their education is substandard but because the south is more attractive to them. With the creation of more science parks, focussed more in the north, more can remain and grow their local economies and contribute to the northern powerhouse. Scotland saw the biggest growth in high-tech industry in 2013 and is expected to remain - we can only facilitate this growth with more science parks to provide businesses an attractive option to invest.

    Science parks not only can host businesses, but they can also support education - specifically STEM education which is significantly lacking and in a report it was stated the one of the only ways for this industry to accelerate like in China, US and Germany is to provide better education through business sponsored UTCs and expanded university campuses.

    The average cost of a science park is around £30 million, however each can provide up to 10,000 jobs. An investment of £600 million is crucial for the UK to keep up with rival countries and to remain at the forefront of cutting-edge technology. This can be gained from both the tax payer as well as major corporations - which I am sure we will easily get considering numerous large firms including Cisco is investing £1bn in high-tech industries.

    Completion will be due by 2025 and each science park will have a business and university sponsor. The two sponsors will work together to develop a coherent plan which will facilitate a large R&D/office building for the business sponsor, laboratries for the university sponsor as well as space (a maximum of 70 hectares) for other businesses, researchers and educational establishments.

    This large programme also has the potential to bring a national "university business incubator" which provides support for academics to get mentorship and financing to commercialise their research. This will further the cause of making the UK the hub for high-tech industries and the leading nation of high-tech economies.

    How big will a new science park be?
    They will be a minimum of 50 hectares big, and placed in convenient locations near roads, rail services and airports.

    What will each science park provide?
    – one large R&D hub for the main sponsor corporation
    – laboratories for the university students and researchers
    – buildings available for kick-starters
    – buildings for at least 50 hi-tech companies
    – spacious, green surroundings
    – a low carbon emission program
    – gyms, cafés, parks and day care centres
    – land available for UTCs

    Where will the money come from to fund each science park?
    £12 million will come from the main sponsor corporation
    £9 million will come from the main sponsor university
    £9 million will come from tax-payers

    How many jobs will be created?
    Each science park will create up to 10,000 jobs, therefore overall 200,000 jobs will be created by the end of the programme.
    ChangesNow by the end of 2017 to make the plan even more reasonable.
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    Copied from OP.
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    None of the changes from second reading have been made and we don't know where these will be so an unfortunate nay.
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    I urge anyone in favour of either social justice or free markets to vote against, as this Bill flies straight in the face of both principles.
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    I have abstained because the bill commits the government to building lots of white elephant science parks while ignoring incentives to attract companies to invest in the science parks.
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    Instead of using tax money to build these science parks, why not just create science park free trade zones where science and tax companies pay little to no corporate tax with some areas reserved for education purposes? Having the government be responsible for science parks might just result in white elephant projects. Let private corporations deal with setting up these science parks, which will create many jobs. This way, we can incentivise these companies to spread all over the country instead of gathering in the south.
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    I have added an Aye on behalf of Peroxidation.
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    Ayes to the right: 33
    Noes to the left: 6
    Abstain: 8

    The Ayes have it! The Ayes have it. Unlock.
    Turnout: 94%
 
 
 
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