Tag: 2012

  • David Cameron – 2012 Speech at Global Health Policy Summit

    davidcameron

    Below is the text of the speech made by David Cameron, the Prime Minister, on 1 August 2012.

    It’s an honour to join you at such a significant event, especially in an Olympic month when we are welcoming so many people to Britain.

    Before anything else I’d like to thank Ara and Imperial College London for bringing together this stellar group of global clinicians, policy makers, investors and entrepreneurs.

    I would also like to thank in particular Her Highness Sheikha Moza of Qatar, whose home country will be hosting the 2013 Global Health Forum.

    Today, we are here to discuss the consequences of extraordinarily rapid change in health care.

    It’s an area where Britain has an incredibly proud tradition and a proud future, too.

    We’ve always been a leader in medical science.

    Take the structure of DNA discovered by Watson and Crick in Cambridge an achievement being built on today at the world-leading Sanger Institute and the new £650m Francis Crick Institute.

    Or penicillin discovered in a laboratory in St Mary’s Hospital, London and first used to cure patients in Sheffield before going on to change lives around the world.

    Or the first test-tube baby, Louise Brown born in Oldham General Hospital, and celebrating her 34th birthday last week.

    Or the MRI scanner – a British scientist helped invent it, a British company made the first commercial product and now a factory in my Witney parliamentary constituency is a leading producer of scanning magnets.

    It’s a remarkable list.

    Things that were worked on in Britain and which we’ve shared with the world.

    But it’s not just research where we are strong.

    We’ve always been a leader in health care provision, too.

    Our National Health Service was the first to offer care to every citizen, free at the point of use, based on need not ability to pay.

    And we cherish that tradition today.

    I am a champion of the founding goals of our National Health Service in Britain and will always defend its principles even as we improve the way it works, so that is it diverse, flexible and tailored to individual needs.

    And we have always been a leader in working with others to improve health around the globe as well.

    Not just in the developed world, but in countries where for many people health care barely exists.

    For instance we’ve committed to provide £384 million to the Global Fund to Fight Aids, Tuberculosis and Malaria over the next three years.

    And we’re putting £1.5bn into the Global Alliance for Vaccines and Immunisation by 2015, saving an estimated 1.4 million lives.

    So this country has so much to offer the world.

    And that’s why – among all the amazing things happening in London this month – I particularly wanted to speak here today.

    Because event is about encouraging innovation and drawing on the very best, wherever it comes from.

    There’s lots Britain can learn.

    For instance, in Mexico, Medicall Home uses mobile networks to provide primary care to 1 million people.

    In Sichuan Province, China, ‘smart hospitals’ deliver care using remote technologies.

    And in South Africa the Vitality scheme provides direct incentives for people to live healthier lifestyles.

    But there’s so much this country has got to offer, too.

    And so if you suspect I’m here to sell what’s great about Britain – I’m sorry, but you’re right.

    I’m proud of what we have.

    We’ve got great scientists and fantastic universities.

    Amazing life science companies.

    A pro-business culture.

    A national asset in the NHS.

    And a ground-breaking approach to freeing up research data.

    I want you to know about all this, I want you to help invest in all this, I want you to help work with us in all this.

    These are the five key strengths I want us to share with the world.

    Let’s start with Britain’s first, fundamental strength – in science and universities.

    Our scientists have won 34 Nobel prizes for medical research – and counting.

    The Laboratory of Molecular Biology in Cambridge alone has produced 13 Nobel Laureates.

    Our scientists work with the world – nearly half their papers are written with partners abroad.

    They are also counted the most productive of any G8 country and they publish more top research than anywhere outside the USA.

    This great research base is underpinned by one of the strongest university systems in the world, with four universities in the global top 20.

    The UK produces more science, maths and computing graduates than any other country in the European Union.

    And the government I lead has been bold about supporting this.

    We’ve protected the science and health care budget from reductions in spending required in some other areas.

    And we’re reforming university finance to give our world-class research institutions the strengths and freedoms they need.

    Our second key strength is our life sciences sector.

    Pound for pound, it’s the best on the planet.

    It accounts for 165,000 jobs and over £50bn of turnover in this country alone.

    But it’s not just the scale that counts. It’s the unique skills, too.

    Major players such Astra Zeneca and GlaxoSmithKline are headquartered here.

    Global giants like Novartis and Lilly have cutting edge R&D based here.

    And crucially we’ve also got a fantastic base of smaller firms too, leading in innovation.

    Take Oxford Nanopore, who are developing incredible new technology that could radically reduce the cost of sequencing a human genome.

    Or the dynamic and fast-growing companies you find in the Babraham Science Park just outside Cambridge and in other life science hotspots like Liverpool, Oxford and London.

    And right now, innovation like this is vital.

    Because in life sciences, the pace of development is extraordinary.

    Where once a single new drug might serve millions of patients with a range of different conditions now treatments are increasingly targeted at patients with specific genetic characteristics.

    Indeed, it may well be the case that within a decade, the idea of treating major diseases without reference to a patient’s genetic blueprint will be unthinkable.

    The benefits can be huge. But to make the most of them we need to change the way we work.

    That means open innovation, more collaboration with universities and start-ups, and a greater emphasis on data analytics and genomics than ever before.

    We get it.

    I’d like all of you to leave today with the knowledge that the UK is changing fast too.

    And that leads directly to the third strength I want to tell you about.

    In Britain we have got a pro-business government that backs investment in innovation and life sciences.

    Some of this is about building an environment that supports business, instead of holding companies back.

    That’s why we have cut the top rate of income tax why we are cutting our corporation tax rates to the lowest levels in the G20 and why we have hugely generous Research and Development tax credits to support companies that are investing in innovation.

    You will not find a more stable and attractive environment in Europe for business investment than the UK.

    However, I know that companies in the life sciences sector have specific needs.

    So in addition to everything we’re doing to make the UK as business friendly as possible, we’re also taking bold action to support life science investment in particular.

    For the first time we are creating a Patent Box here in the UK.

    The Patent Box means that if a company creates intellectual property in the UK, it will pay a corporation tax rate of just 10% on any profits generated by those patents.

    Let me say that again: 10% corporation tax on patent profits – among the lowest in the developed world.

    GlaxoSmithKline has already announced new investment here in response.

    In March, it confirmed it will invest more than £500m at its sites across the UK, including a new manufacturing facility.

    In the words of Sir Andrew Witty, who spoke earlier, “the patent box has transformed the way GlaxoSmithKline views the UK as a location for new investments”.

    There’s a fourth strength which makes the UK a great place to invest in life sciences.

    Our National Health Service.

    To some, it might seem a bit of a monolith.

    But it gives us a unique capability.

    With patient records for 60 million people, and purchasing power unmatched anywhere else, the NHS is perfectly placed to accelerate life science innovation.

    So I’ve made this task a priority.

    We are bringing in value-based pricing, to encourage innovation and reward the most effective products.

    And ours is the first health service in the world where we have introduced a legal duty to promote research.

    That means we can get new treatments to patients faster than ever before.

    And this adaptability really matters because the life science industry is becoming more open and collaborative with a greater emphasis on partnerships between early stage companies and big pharma.

    We want to help more of those partnerships emerge in the UK.

    That’s why we have created the £180 million Biomedical Catalyst Fund to help British life science start-ups find the risk capital they need to get off the ground.

    This will help ensure that the UK has a fantastic pipeline of early stage companies producing next generation drugs and heath technologies.

    We know that regulations mean it can take a decade or more from the discovery of a drug to getting it to market.

    That’s not good for industry, taxpayers or patients.

    So we are consulting on an early access scheme.

    If patients are in the advanced stage of a disease and if there are no other treatments available they will be able to use innovative medicines much earlier in their development.

    In the technical parlance, the NHS will be able to purchase drugs before they have market authorisation.

    This will mean that as soon as brand new discoveries prove they can be tolerated and beneficial, they will be available to patients who have no alternatives here in the UK more widely than ever before.

    There’s a fifth British strength I’m keen to tell you about, too.

    The way we are going to use the incredible knowledge base offered by the NHS.

    Drug development relies more and more on real-time data.

    The UK is going to be the world leader when it comes to making this kind of data available and we’re going to do this by harnessing the incredible data collected by our National Health Service.

    We are about to consult on changing the NHS constitution so that the default setting is for patients’ data to be used for research unless the patient opts out.

    This will make anonymised data available to scientists and researchers on a scale never seen before.

    And it will help make the UK the best place in the world to carry out cutting edge research.

    I want this research to bring breakthroughs in long-neglected areas like dementia where the burden of the disease is immense but the obstacles to prevention and cure are equally large.

    That’s why I launched a Challenge on Dementia back in March – doubling the dementia research budget and supporting all researchers.

    From those discovering the biological mechanisms of the disease through to the social scientists establishing what helps people live well with dementia.

    It’s this spirit of collaboration and open innovation, nationally and internationally, that has inspired a great new project that I’d like to tell you about today.

    It starts with technology and expertise used to test athletes for drugs at London 2012.

    When the games close, all this incredible equipment and expertise will be used to establish a new Phenome Centre for research into biological markers of health and disease.

    This will take advantage of the extraordinary opportunities that lie in combining genetic data with the results of medical tests on tissues and blood.

    It will allow us to understand the characteristics of disease and how these link into genes and our environment.

    It’s an impressive example of collaboration between top-class research, the NHS and industry.

    It will produce new forms of drugs – and it will lead the world in the development of precision medicine.

    And it’s an example of the way I think the future of health care is headed.

    Around the planet, we are seeing a fundamental shift away from one-size fits all treatments towards a new age of individually-tailored medicine.

    We need to face up to the growing impact of non-communicable diseases, things like obesity.

    And we can only rise to meet these challenges by working together and driving forward innovation.

    That’s my message today.

    Britain is open for business, open for partnership and open to ideas.

    I am determined that this country becomes the best place in the world to invest and innovate in life sciences.

    And I am putting in place the policies to make it happen.

    Thank you for coming, thank you for listening – and enjoy the Olympics.

  • David Cameron – 2012 Meeting with Vladimir Putin

    davidcameron

    Below is the text of the speech made by David Cameron, the Prime Minister, at this meeting with Vladimir Putin, the Russian President on 2 August 2012.

    Prime Minister

    Thank you everyone for coming. It has been very good to welcome President Putin back to Number 10 Downing Street, and to see this steady growth in British-Russian relations.

    We have discussed cooperation over these Olympics and the Sochi Olympics in 2014, which we hope will be a success. We have discussed our commercial relationship, where British exports to Russia have been increasing rapidly over the last two years, and we want to see further growth in trade, investment, and exports.

    We have discussed cooperation in areas such as energy, in addition, and we have also had a discussion about the situation in Syria. While of course there have been some differences in the positions that we have taken over the Syrian conflict, we both want to see an end to that conflict and a stable Syria. We will continue to discuss with our foreign ministers how we can take this agenda forward.

    Today has been about a further strengthening in our relations and having these important dialogues, even in areas where we do not always agree, so that we can understand each other’s positions.

    President Putin

    For my part, I would like to thank the distinguished Prime Minister for the invitation to come to London to meet him, and to attend the Olympic Games.

    I would like to start my statement with congratulations to the United Kingdom, all the nationals of the UK, the distinguished Prime Minister, with regard to the wonderful and unforgettable opening ceremony of the Olympic Games. It was quite a spectacle. It was a wonderful holiday, a wonderful feast presented by you to mankind.

    We will organise the Sochi Olympics, Winter Olympics, in 2014, and while organising such large-scale events very many problems may crop up. This is why we would be quite interested in learning from the experience of our British colleagues.

    We devoted a great portion of today’s conversation to discussing economic issues; during such a dramatic period that the global economy is undergoing, such meetings and such discussions are in demand.

    Last year we had an increase in our mutual trade by 35-40%, and we have agreed today to find new areas, spheres and sectors to promote and enhance our economic, trade and investment cooperation.

    We also spoke a lot about Syria. We made note of the fact that there are some things on which we see eye-to-eye, and we agreed to continue working to find a viable solution on that matter. We agreed to entrust our foreign affairs ministries to go on with that search for a viable solution.

    I thank you for your invitation Mr Prime Minister.

  • George Osborne – 2012 Speech at ICT Olympics Event

    gosborne

    Below is the text of the speech made by George Osborne, the Chancellor of the Exchequer, at the ICT Olympics Event held on 3 August 2012.

    It’s a great pleasure to be here today.

    Thank you all for joining us at Lancaster House for this Olympic trade event.

    We’re here to celebrate the best of British technology and innovation, and to help forge new business partnerships with companies and countries from across the world.

    It was a week ago today that millions of people tuned into the Olympic opening ceremony, and witnessed the wonderful tribute to the British inventor of the World Wide Web, Sir Tim Berners-Lee.

    What a special moment that was.

    Not just because it was great to see Tim’s achievement honoured in such a generous way, though that was certainly the case.

    To me it was so special because of what it said about Britain in 2012.

    It showed that Britain is a country that’s so passionate about technology that an entire section of our opening ceremony was dedicated to the man who created the Web.

    I’m proud that this message was heard around the world last week.

    And it’s a message that I want all of you to leave this event with today.

    Because our passion for technology is not only reflected in our brilliant opening ceremony – it’s reflected in our economy as a whole.

    The statistics speak for themselves.

    Earlier this year, a report by Boston Consulting Group showed that the internet economy was responsible for 8.3% of UK GDP in 2010.

    This is a far bigger share than any other G20 economy.

    The report found that the same is true when it comes to e-commerce.

    13.5% of UK purchases were made online in 2010 and this is projected to rise to 23% in 2016.

    In fact, British shoppers make more purchases online than any consumers in any other country in the world.

    This isn’t just great for retailers, but it also means that a bigger proportion of advertising budgets are spent online in the UK than anywhere else.

    No wonder that the UK web economy is projected to grow at a rate of 11% a year between now and 2016 – a growth rate better than the US or China.

    So it really is no exaggeration to say that the UK is the most “wired” economy on the planet.

    And I’m here to tell you that the British Government is every bit as pro-technology as our economy.

    You really will not find a government anywhere that is more supportive of new technologies, or doing more to back technology entrepreneurs and investors.

    We are pulling out all the stops to ensure that you – the world’s leading investors and technology companies – have everything you need to innovate and succeed right here in the UK.

    Let me explain how.

    First, tax.

    We are making the bold changes to the tax system that businesses and investors need.

    We are cutting the top rate of income tax…

    …Cut our corporation tax to the lowest level in the G20.

    And introduced the most generous early stage investment tax breaks of any country in the world, along with new tax reliefs for animation video games production.

    In my view, this video game tax break is a fantastic complement to our long-term incentives for film production.

    These film tax breaks have brought billions of pounds of investments and thousands of new jobs to the UK, and they are very much here to stay.

    A great example of this investment is the £100m that Warner Brothers has invested to create a world class studio at Leavesden.

    And I’m pleased to be able to reveal today that the first film shot at Leavesden Studio will be a major production starring Tom Cruise and our own London-born Emily Blunt.

    This will create over 500 jobs – many of which will be in digital and special effects.

    This is a great example of how our tax policies are creating the right environment for investment and innovation.

    But we recognise that technology investors in particular have specific challenges and needs, so we have put in place special policies to help.

    Take our Research and Development tax credits, for example, which offer a tax relief of up to 225%.

    In case you didn’t catch that, let me say that again.

    A tax relief of up to 225%.

    So investing £1 million in R&D could mean getting up to £2.25 million back in tax relief.

    No country in the world can match that.

    And we have also introduced a tax incentive we call the Patent Box, which offers a corporation tax rate of just 10% on profits generated from patents created in the UK.

    So if your company is doing R&D and creating intellectual property, there really is no better place in the world to do it than the UK, and no better time to do it than right now.

    These, then, are the tax policies we’ve put in place to support technology entrepreneurs and investors.

    But, even for a Chancellor, tax isn’t everything.

    So let me tell you about some of the other ways that we’re making the UK the best place in the world for technology and innovation.

    We know that top business talent is truly global.

    So we’re rolling out the red carpet for the next generation of technology entrepreneurs by introducing a brand new Entrepreneur Visa.

    This Entrepreneur Visa enables venture capital backed start-ups to move to the UK quickly and easily.

    So if you’re investing in early stage companies outside the EU, you can bring them to London using this targeted Visa.

    We’re not only changing our immigration system, we’re also overhauling the way that ICT is taught in schools.

    For too long, our young people have been taught how to use computer programmes, not how to write code.

    We are putting an end to this, and making sure that our school system is producing the next generation of coders that technology companies need.

    We’re being just as ambitious when it comes to investing in fibre broadband – the fundamental infrastructure of the internet economy.

    Earlier this year, I announced a further £50 million – bringing Govt investment up to £150 million – for ultra fast (80 megabit+) broadband rollout in Britain’s major cities. This is in addition to £530million already committed for superfast broadband in local areas across the UK.

    This investment in super-connected cities will mean that the UK has the fastest internet speeds in Europe by 2018, providing the bandwidth that technology companies need to expand and flourish.

    So right across the board, the British Government is leading the world when it comes to ensuring that our policies are supporting technology and innovation, not holding it back.

    Nowhere is this more true than when it comes to Tech City, the technology cluster in East London, which is home to some of the UK’s most innovative companies, such as Mindcandy, Songkick and Mendeley.

    In November 2010, the Prime Minister launched the Government’s major initiative to support the growth of this exciting cluster.

    Ever since then, we have been pulling out all the stops to help this cluster go from strength to strength.

    We have created a dedicated unit, the Tech City Investment Organisation, which can help global investors and companies come to East London.

    And we are bringing cutting edge research facilities to Tech City to ensure that the cluster isn’t just at the forefront of today’s innovation, but tomorrow’s too.

    Take the Open Data Institute, for example, which is being built in Shoreditch with public and private funding.

    This “ODI” will be an incubator where businesses and researchers can come together to work on innovative new products that take advantage of the incredible power of big data.

    We’re also bringing together two of London’s leading universities, University College London and Imperial College London, to create a Smart Cities research centre in Tech City.

    No wonder that the world’s leading technology companies are beating a path to London.

    Google has opened a seven storey “Campus” in the heart of Shoreditch, housing literally hundreds of start-up entrepreneurs.

    Intel is establishing a cutting edge research facility in East London that will develop new technologies to make 21st Century cities more connected and efficient.

    And the likes of AirBnB, Yammer and General Assembly have made Tech City their European home.

    In the last week alone, we have seen two of the world’s technology giants unveil major new investments in London.

    Facebook has committed to open its first non-US engineering base, right here in London.

    As Facebook software engineer Philip Su put it, “London is a perfect fit for Facebook engineering.”

    And just a few days later, Amazon announced that it is establishing an eight-floor, 47,000 square foot research and development facility in Tech City.

    Why did Amazon choose Tech City?

    In their words, it was because “London is a hotbed of tech talent”.

    I couldn’t agree more.

    And I am pleased today to be able to reveal three major new investments in Tech City.

    First, Vodafone.

    Vodafone is today announcing the creation of a new technology lab and incubation centre in East London.

    Vodafone xone [pronounced Zone] will help bring together Vodafone’s technology experts and VC investors with start-up companies in East London.

    It’s a brilliant example of how large companies can support the growth of the Tech City ecosystem, and we applaud Vodafone for making this far-sighted investment.

    The second new investment in Tech City I can reveal is by Barclays, who are opening a 4,000 square foot space in Shoreditch right next to the Google Campus.

    This “Central Working” hub will be a collaborative space for local entrepreneurs to come together, share ideas and find the support they need to take their company to the next level.

    Barclays estimate that this space will help over 10,000 businesses over the next decade, which will be a huge boost for entrepreneurs in East London and beyond.

    The third and final new investment that I’m pleased to be able to announce is from GREE, one of the world’s largest social gaming companies.

    GREE is today announcing that it will establish a new game development studio in Tech City, making the most of East London’s talent base to create the next generation of video games.

    Taken together, these major investments by Vodafone, Barclays and GREE represent a triple whammy for Tech City.

    Coming so quickly after the announcements from Facebook and Amazon, British technology has hit a purple patch.

    You will not find a country anywhere in the world that is more open to technology more open to investment and more open for business.

    We’re putting in place the right vision and the right policies to help your company succeed right here in the UK.

    That’s why the world’s leading technology companies are beating a path to our shores.

    And that’s why we will continue to do everything we can to help technology investors and entrepreneurs invest, innovate and succeed in the UK.

    Thank you.

  • David Cameron – 2012 Speech at Munich Memorial Event

    davidcameron

    Below is the text of the speech made by David Cameron, the Prime Minister, on 6 August 2012.

    This evening we mark the 40th anniversary of one of the darkest days in the history of the Olympic Games. A sickening act of terrorism that betrayed everything the Olympic movement stands for and everything that we in Britain believe in.

    So as the world comes together in London to celebrate the Games and the values it represents, it is right that we should stop and remember the 11 Israeli athletes who so tragically lost their lives when those values came under attack in Munich 40 years ago.

    It was a truly shocking act of evil. A crime against the Jewish people. A crime against humanity. A crime the world must never forget.

    We remember too the six Israeli holiday makers brutally murdered by a suicide bomber in Bulgaria just last month.

    And let me say that we in Britain will do everything we can in helping to hunt down those responsible for that attack.

    Britain will always be a staunch friend of Israel. And we will stand with the Jewish people – and with all victims of terror around the world, whoever they are and wherever they are from.

    The British people know only too well what it is like to suffer at the hands of terrorists. In July 2005 our euphoria at winning the right to host these Olympics was brutally shattered within just 24 hours when terrorists targeted the London transport system and 52 innocent men and women were murdered.

    But our two countries, Britain and Israel share the same determination to fight terrorism and to ensure that these evil deeds will never win.

    Seven years on from 7/7, I am proud that as we speak, this great city of London, probably the most diverse city in the world, is hosting athletes from 204 nations. And I am delighted that a strong Israeli team is among them.

    We remember them today, with you, as fathers, husbands, and athletes. As innocent men. As Olympians. And as members of the People of Israel, murdered doing nothing more and nothing less than representing their country in sport”.

  • Ed Davey – 2012 Speech at Global Business Summit on Energy

    eddavey

    Below is the text of the speech made by Ed Davey, the then Secretary of State for Energy, on 6 August 2012.

    Introduction

    Thanks very much. This has long been one of the great business cities. For fifteen centuries, it has welcomed traders and merchants from around the world.

    In fact, its Old English name directly translates as ‘London trading town’. And that’s as appropriate today as it was a thousand years ago.

    We are part of Europe, but have strong ties to much of the world. Our working day bridges the Asian and American markets. English is the lingua franca of business; most international contracts are based on English law.

    So London remains a fantastic place to do business, including energy business – which is of course what today’s session is all about.

    I’m sure the panel will generate some sparkling discussion. But before the day gets underway, I thought I’d take this chance to fill in some of the detail about the UK’s energy policy – and the opportunities it provides for investors.

    Opportunities

    Over the next decade, the UK energy sector is going to change radically: as more and more low-carbon energy comes online, and existing infrastructure is upgraded.

    We’re going to see significant changes in the way we make, save and use electricity. Our ambition, as you’ve just heard, is to rebalance our economy, and put green growth at the heart of our policy.

    These changes aren’t unique to Britain. At the G20 in June, all members recognised the importance of putting green growth at the heart of their structural reform policies.

    But the UK’s investment need is particularly strong. Thanks to a combination of legally binding climate targets, ageing infrastructure, and rising demand, we need double the normal rate of investment between now and 2020.

    Numbers

    In less than ten years, we have to find 20 gigawatts of generating capacity – and £110 billion of investment in electricity generation.

    Even if we go full-speed ahead on energy efficiency, we still expect demand for electricity to rise. We’re talking about building as much as 18GW of offshore wind by 2020, if costs come down; and 16GW of new nuclear power by 2025.

    Creating a cost-competitive Carbon Capture and Storage industry in the 2020s, and seeing new gas come online to ensure we can meet demand as we decarbonise.

    This is the biggest overhaul of our energy infrastructure for decades. It brings huge opportunities right across the supply chain. And it’s driven not just by need – a fifth of our power plants will close by 2020 – but also by our climate commitments.

    We have legally binding renewable energy targets for 2020; carbon budgets setting the level of emissions out to 2027; and a 2050 target under the Climate Change Act.

    No other country has set carbon targets in that much detail, that far ahead. So the overall position is clear: It is government policy, enacted with wide cross-party support, to move to a low-carbon economy.

    This change brings real opportunities for the energy sector – and for new investors.

    Investors

    Existing players don’t have the capacity to invest at that kind of scale. We need new players, including institutional investors, who have the muscle to make big investments in technologies with high capital costs.

    That means doing everything we can to take the risk out of investing in the UK’s energy markets. From a government perspective, that means making sure we keep political risk to a minimum.

    And here I want to pick up on one thing in particular which Nick mentioned: predictability.

    Our priority is to set a clear policy direction. To reassure investors and entrepreneurs alike that the UK will remain a great place to do low-carbon business.

    So we will make sure our policy positions are predictable, transparent, and based on the evidence. And if you look at what we’ve done so far, I think you can see that we’re holding fast to that aim.

    We’re opening up markets, providing long-term certainty for investors, and removing barriers to entry – three things that are vital to bringing forward new investment.

    Markets

    Take the Green Deal, the nationwide energy efficiency programme for homes and businesses.

    We want to establish a vibrant new market in energy efficiency, one that could attract capital of up to £15bn for installation of energy efficiency measures in the residential sector over next decade.

    Or take the reform of the electricity market, the biggest news in the UK utility sector. It’s designed to give investors the certainty they need to raise capital to build our clean energy future.

    The overall aim of the reform is clear: we want to encourage competition on cost between low-carbon electricity sources -including renewables, carbon capture and storage, and new nuclear – while ensuring our long-term supplies are secure and affordable.

    So we’re setting up a framework that will offer reliable contracts, delivered in ways that are trusted by investors.

    To unlock low-carbon investment, we’ve chosen a feed-in tariff with contracts for difference, providing a guaranteed price.

    From an investor perspective, this delivers clear & predictable revenue streams – making sure we have an active and liquid wholesale market, and giving new investors enough certainty to enter.

    As a package, this reform will enable large-scale investment in low-carbon generation capacity in the UK in a cost-effective way.

    The Rating Agency Standard & Poor’s now takes the affordability of the regulatory system into account when they assess projects, so the affordability of the EMR framework should provide additional comfort to the investor.

    And the important thing is that it’s a staged process, designed to minimise risk.

    The idea is to move gradually from administrative price setting to full market price discovery over the next decade, as different technologies mature at different rates.

    To make sure existing investors aren’t left in the dark, transitional measures will ensure that investments made under the current regime – the Renewables Obligation – remain predictable.

    When it comes to cost-effectiveness, we are absolutely determined to follow the evidence – even if it means taking a little bit more time to get the details absolutely right.

    We’ve just announced the level of subsidies for renewable electricity for the next five years, unlocking between £20 billion and £25 billion of new investment in the next four years, and bringing down costs to consumers.

    We’re also committed to cleaner fossil fuels, which is why we’re working with industry to create a new cost-competitive carbon capture and storage industry in the 2020s.

    We’ve got a £1bn competition, a £125m Research and Development programme and a well developed regulatory framework to help bring this pivotal technology to commercial fruition.

    As our energy mix changes, our network will also need to evolve. So we have a £500m Low Carbon Networks Fund, to encourage innovation in smarter electricity networks.

    Barriers

    We’re also working to break through some of the non-financial barriers holding up investment.

    The new National Policy Statements on energy will make our planning system faster, more predictable, and more accountable.

    To help get more renewables online, we’ve published a Renewable Energy Roadmap, which focuses on the eight key technologies which have greatest potential – identifying the non-financial barriers to deployment.

    And we’re working with industry and the regulator to deliver a more liquid and competitive power market, so that all investors can manage risks and have fair routes to market.

    Conclusion

    I hope I’ve given you a sense of the opportunities in UK energy markets, and the two big themes which run through UK energy policy: predictability, and evidence.

    As we look to build a diverse, secure energy system – one that can meet the UK’s future energy needs at the lowest environmental cost – we will need significant new investment.

    Unlocking that investment, and reducing our political risk profile, means making sure our policy positions are predictable, and based on the evidence.

    If we get it right, the prizes on offer are alluring. For Britain, secure supplies of affordable low-carbon energy. For businesses, the opportunity to build and operate the energy system of the future.

    And for investors, the chance to be part of an historic, unprecedented replacement cycle – with opportunities stretching out for decades to come.

    Thank you very much.

  • Nick Clegg – 2012 Speech at the Global Business Summit on Energy

    nickclegg

    Below is the text of the speech made by Nick Clegg, the then Deputy Prime Minister, at the Global Business Summit on Energy held on 6 August 2012.

    It’s a pleasure to welcome you all to today’s Global Business Summit on Energy. One of a series of events, all timed to coincide with the Olympic Games, the biggest international business conference we have ever held.

    Our aim today is to look at what more we can do together, to advance clean, smart energy generation, boosting our shared prosperity, as well as building a more resilient economy, better able to withstand future shocks.

    The UK is already the sixth largest market in low carbon and environmental goods and services.

    We lead the world in offshore wind – our total installed capacity is as much as the rest of the world put together.

    With enviable natural resources, we’re one of the biggest players in marine and tidal energy too.

    We offer political stability, legal certainty, the English language.

    This is one of the best places in the world to do business – that’s according to the World Bank;

    With the best regulatory environment in Europe – that’s according to a recent poll of European utility investors;

    As well as some of the world’s best universities and research facilities;

    Indeed we produce more Nobel Prize Winners than any other country bar the US.

    We are creating the most competitive corporate tax regime in the G7.

    Add to that the fact the world’s biggest single market is on our doorstep, despite Europe’s continuing difficulties it’s still home to 500 million consumers, and you have the ideal location to invest your money and grow your businesses: A global powerhouse in the industries you represent.

    Despite pressures on other parts of the economy, since the 2008 financial crisis our low carbon sector has grown year on year with growth averaging 4.4%. But we want to do more; we want to seize every opportunity. Last year the sector was worth around £3.3 trillion worldwide and the race for green global investment is hotting up. The biggest, savviest economies are crowding in – China, Germany, Korea, Brazil. So the UK is upping our game exploiting our competitive edge making the most of our internationally respected brand in order to stay ahead.

    Ed will set out some of detail on how the government is seeking to do that, so I will limit my remarks to our central message to you today. The one thing we want to impress on you above all else: This coalition government is unreservedly committed to helping our low carbon sector thrive – no ifs; no buts. And we want to support the shift by traditional industry to cleaner sources of energy – while of course recognising the pressures they face. When we say that we want green growth, that is not flimsy, political rhetoric: It is a very real aim, driven by very real economic needs.

    I think it’s important to put that up in lights. The coalition is sometimes presented, in the press, as if it is riddled with debate and division with regard to greening the economy. That isn’t the case. Yes, there will be internal discussions and debates on the balance and sequencing of different policies – that’s the nature of any government – and energy policies will evolve over time as costs come down. That’s why, for example, we could recently reduce the subsidy for onshore wind. But the entire government is working within the parameters of the carbon budget, which sets the pace for decarbonising our economy. And there is no one in government who wants to depart from that.

    We all want an economy rebalanced across industries and regions. We all want to build on our highest growth sectors to create more jobs.

    So our challenge is giving you as much certainty as possible – we know that’s what you crave; we know it keeps your costs down. Indeed, it’s the issue raised with me most often by the people in this room. No-one expects an entirely risk-free investment environment, but your companies are embarking on major projects, breaking new ground, building infrastructure intended to last a lifetime, relying on low carbon technologies that involve significant upfront costs. And so, understandably, you place a big premium on predictability. We hear that loud and clear. And there are three overarching ways that we are seeking to provide it.

    First – and this applies to all business: We have made macroeconomic stability an absolute priority, because it is an absolute prerequisite for confidence and growth. It is easy to forget that, at the time of the financial crash, the UK had a deficit bigger than Greece. By taking the difficult decisions we pulled our economy back from the brink. We have kept the markets at bay, remaining masters of our own destiny. Interest rates have remained historically low. A quarter of our deficit has now been paid off.

    Yes, the road to recovery is long and testing, but make no mistake: if we have to sacrifice short-term political popularity for lasting economic health – so be it. We promised to safeguard economic stability in the national interest. That is what we will continue to do.

    Second: consistency from government. So no surprises; no rabbits out of hats. We set out what we’re going to do – then we do it. It sounds obvious, but you all know governments don’t always behave like that.

    Clearly our emissions and renewable targets provide an overall policy framework. And look, for example, at how we take decisions on things like our renewable obligations banding. We review it every 4 years, like clockwork. So, every 4 years, we consult with industry on the subsidy levels, we listen to the evidence you provide, and then we set the bands. And because everyone gets a sense of what’s coming, companies can plan and prepare.

    That’s why, since announcing the new levels just a few weeks ago, we’ve already seen signs of progress on around £3.5 billion worth of investments. Today, for example, shovels will hit the ground in Tees Valley, where Air Products is building a renewable energy plant that will power 55,000 homes and create 700 construction jobs.

    It’s true that sometimes we have to take a bit of time to get the detail right – especially on major items like Electricity Market Reform. But our aim is always predictable processes; transparent and inclusive policy-making; decisions that are based on evidence above all else. And, please, let us know how we can do more of that.

    Finally: ambition. A willingness to be bold, because we seek nothing less than a clean, green, low carbon economy and the scale of that task demands imagination.

    In order to meet this challenge we need to think big.

    That’s why the UK’s fourth carbon budget constitutes the boldest emissions reduction target set, in law, by any government, anywhere in the world.

    And we have been at the forefront of attempts to secure a more ambitious target across the EU.

    We are creating the world’s first Green Investment Bank: A national bank devoted to leveraging billions of pounds for green infrastructure. The government’s UK Green Investments team has already begun making investments. And I can announce they have just sealed a contract to provide £100 million for investment in small-scale, non-domestic energy efficiency projects.

    The Green Deal will start later this year. And which will transform home energy consumption. Creating a whole new market in UK home insulation and energy efficiency.

    We’re beginning the biggest shake up of the electricity market in 3 decades. In order to level the playing field between low carbon and conventional energy.

    We’ve just announced the largest investment in rail since the Victorian era.

    We’re providing one of the best offers in the world for Carbon Capture and Storage, including our new £1 billion competition.
    We’re the first country where listed companies will include emissions data in their annual reports. Something I pressed our international partners to adopt at the Rio Sustainability Summit in June.

    We’ve dramatically overhauled our planning regulations, slimming over 1,300 pages of planning policy down to 49, easing the path for good, sustainable developments.

    Big ticket reforms. World firsts. Policy that looks decades ahead.

    So, stability. Consistency. Ambition. The building blocks of our shared prosperity. I hope today reminds you of the value this government places on your businesses and your ambitions.

    Together we find ourselves at the vanguard of one of the most dynamic, most innovative, most important industries of our time. An industry that will help us build a more stable, more sustainable, more prosperous world. That’s a vision we can all get behind. This is a journey we are on together. And on that note, let me hand over to Ed.

  • George Osborne – 2012 Speech on Energy Sector Day

    gosborne

    Below is the text of the speech made by George Osborne, the Chancellor of the Exchequer, at Lancaster House in London on 7 August 2012.

    I am delighted to be here at the Energy Sector Day at Lancaster House when the world is here in London for the Olympics.

    The Global Business Summit is a demonstration of how the UK can lead the world in the energy sector: securing investment, creating jobs and building a more prosperous future.

    And there is no better example of the significant contribution that this sector makes to our economy than the UK oil and gas industry.

    This has long been one of our great industrial success stories, supporting a third of a million jobs, and extracting the equivalent of over 40 billion barrels of oil to date.

    We recognise that companies operating in the North Sea work in a truly global market – and that we have to work hard to attract their capital and their jobs.

    We are committed to ensuring that these businesses continue to see the UK and the UK Continental Shelf as an attractive location for that investment.

    To making the most of our remaining oil and gas reserves.

    And to ensuring that the UK economy continues to benefit from the fruits of this remarkable industry.

    That is why, at this year’s Budget, I introduced an ambitious package of tax measures to encourage investment and innovation in the North Sea.

    I announced that we would end the uncertainty that has hung over the industry for years by introducing a contractual approach to oil and gas decommissioning.

    This will stimulate the market in North Sea assets, release billions of pounds of capital for further investment, and give companies the assurance they need to continue investing in mature fields.

    I also announced changes to the field allowance regime to encourage investment in commercially marginal fields.

    Including a £3 billion allowance for large and deep fields, to open up the West of Shetland, the last area of the basin left to be developed.

    And it is great to see the very important Rosebank project pressing ahead as a result.

    Building on this success, last month we introduced a further allowance for large shallow-water gas fields. Following this announcement, we have seen confirmation of the £1.4 billion investment in the Cygnus gas field.

    This will be the largest gas development in the Southern North Sea in the past 25 years. Once in production, it is estimated that the field will deliver 5% of the UK gas demand and contribute significantly to UK security of supply.

    This reinforces our commitment to gas as the biggest source of energy in the UK.

    With 80% of the project’s expenditure destined for UK companies, Cygnus is expected to create around 4,000 jobs across the UK.

    Just today, the companies involved have awarded contracts to a number of UK suppliers, including yards in Hartlepool and Fife.

    These contracts alone will support 1,235 jobs.

    I am proud that highly skilled supply companies such as these have developed a global reputation of excellence and expertise.

    Proud that the UK is home to businesses that lead the world in cutting edge research and technology.

    As we are committed to providing the best possible environment for investment in oil & gas, so we want to the UK continue as an open, competitive location for investment in electricity generation.

    We have an independently regulated market that welcomes investment from all over the world.

    This helps provide the UK with the expertise and resources available around the world and with a diverse and secure supply of power.

    We have a clear and stable investment regime which allows investors to commit funds with confidence.

    The carbon price floor provides a clear cost trajectory for gas and coal generators.

    The new support rates announced for renewable technologies will ensure that low carbon generation remains affordable for consumers whilst providing certainty for investors.

    Last month we made clear that we expect gas to play a key role in meeting electricity demand for the UK throughout the 2020s and beyond.

    We will provide more detail in the autumn on steps we will take to make the UK an even more attractive place for gas investors.

    Together these polices will enable billions of pounds of investment in the UK economy; creating jobs, and securing the UK’s position as a world leader in energy technology development.

    And this Government is committed to ensuring the UK maintains its competitive edge in science, and to putting innovation and research at the very heart of its growth agenda.

    That’s why top businesses such as BP are investing in the UK and supporting our world-leading universities in delivering cutting edge research.

    It gives me great pleasure today to welcome BP’s announcement to create an International Centre for Advanced Materials.

    The fact that Manchester University is the hub for this great project and that two of the three spokes are at Cambridge University and Imperial College clearly demonstrates the UK’s strength in science and innovation.

    The centre will play a key role in helping to maintain the world-leading status of the UK in the research of advanced materials and I want to acknowledge the substantial investment by BP in creating 25 new academic posts, 70 post-grad researchers and 50 postdoctoral fellows.

    In my capacity as a local MP as well as the Chancellor of the Exchequer, I am delighted that this investment will further strengthen Manchester and the North West of England as a world-leading centre of expertise in materials technologies.

    It complements the £50m investment to create a Graphene Global Research and Technology Hub based in Manchester that the Government announced last year.

    It will also strengthen other centres of materials expertise such as the National Composites Centre in the South West, and the Advanced Manufacturing Research Centre in Sheffield, which are working in partnership with global businesses such as Airbus, GKN and Rolls Royce, and Boeing.

    The UK’s research base is second only to the USA for number of citations, and it is the most productive country for research in the G8 in citations and publications per pound.

    Our research institutes include world-leading facilities that combine flexibility to pursue innovative research with a unique environment for developing outstanding students and early career researchers.

    Throughout the energy sector and beyond, we are committed to creating an environment that allows research and innovation to flourish, ensuring that world-leading businesses, including energy businesses, continue to see the UK as an attractive location for investment.

    And we are committed to harnessing their success to drive our economy forward.

    Thank you.

  • Danny Alexander – 2012 Speech to the Global Business Summit

    dannyalexander

    Below is the text of the speech made by Danny Alexander, the then Chief Secretary to the Treasury, to the Global Business Summit held on 8 August 2012.

    Good morning, it gives me great pleasure to open this breakfast meeting on UK infrastructure.

    To kick off this meeting, I want to say a few general words on how government policy supports investment in infrastructure, and how that investment supports a strong and balanced economic recovery.

    I don’t need to remind you of the difficult economic times we face and I know that times are particularly tough for some of the businesses represented here.

    The UK is still recovering from the biggest debt and financial crisis of our lifetimes – a recovery that is made no easier by the ongoing challenges in the Euro area and in our banking system.

    But in the midst of some sobering facts, we should not lose sight of the positives for the UK – employment up by 181,000 last quarter; 840,000 private sector jobs created since this government came to power; and inflation down to 2.4 per cent in June.

    These successes come in a very challenging climate, and though we still have much to do, they support the view that the Government is following the right economic strategy.

    Our objective is to return this country to sustainable prosperity and to rebalance our economy.

    That means fiscal consolidation, to sort out the public finances and ensure the UK commands the confidence of international markets.

    If means supply side reform, ensuring Britain is an excellent place to do Business, and raising our growth potential.

    And it means dealing with our long standing weaknesses – for example delivering a more mobile workforce, with the right skills in the right places.

    Infrastructure enables us to deliver on the latter two. And through taking tough choices on government spending, we are in fact investing more in transport infrastructure and in broadband access and quality than at the height of the spending boom.

    At the same time, the credibility that we have established has given the Bank of England space to keep the base rate low, and provide further monetary support for infrastructure investment, such as quantitative easing and the new Funding for Lending scheme, which came into operation last week.

    And it has allowed us to support further investment directly, for example through the ‘UK Guarantees’ scheme that we announced a fortnight ago.

    This will help to accelerate major infrastructure investment by offering guarantees of up to £40 billion of major projects, and a temporary lending programme that will allow around £6 billion pounds of public-private partnership projects to proceed without delay.

    Already we have had over 30 expressions of interest since the announcement, and we continue to receive more on a daily basis.

    The Treasury’s door is open to discussions with any project that meets our criteria – nationally significant, financially credible, good value for the tax-payer, dependent on a guarantee, and ready to start in a year – and we will deal with applications as quickly as possible.

    I can tell you this morning that the Green Deal will be an early candidate for the use of these guarantees. The Green deal is the largest ever programme for investing in the energy efficiency of our Housing stock and we are looking at whether and how a guarantee could ensure that the finances are in place to get the programme of to a very strong start.

    The deals my colleagues will be announcing later today show the UK is already in a strong position. And the work we are doing is building on that to strengthen it further still.

    Alongside these measures to support investment finance, we are also taking major steps to remove non-financial barriers to investment – reforming our planning regulations, and identifying skills gaps or capability issues.

    And to ensure that Britain’s infrastructure is delivering on Britain’s priorities, our National Infrastructure Plan sets out a clear vision for the £250 billion of investment that we expect to 2015 and beyond. Our updated plan brings together a comprehensive cross-sectoral analysis of the UK’s infrastructure networks, and sets out clear, long-term ambitions for improving performance in each sector.

    Our newly established Cabinet Committee, which I chair, will ensure that this plan is delivered, focussing on the top 40 growth projects identified in the National Infrastructure Plan.

    We have made great progress in removing barriers to investment – working with industry to resolve radar interference issues affecting four gigawatts of wind energy developments, and supporting the establishment of a new Pension Infrastructure Platform, which will make the first wave of its initial £2 billion investment in UK infrastructure by early 2013.

    The scale of the challenges we face as a country makes delivering on our hugely ambitious infrastructure agenda all the more essential. We want to work together with you to make that happen by removing barriers to project delivery and creating a supportive environment for long term investment in infrastructure. Today’s conversation is an important staging post in realising those ambitions.

    Thank you.

  • Nick Clegg – 2012 Speech at UKTI Manufacturing Conference

    nickclegg

    Below is the text of the speech made by Nick Clegg, the then Deputy Prime Minister, at the UKTI Manufacturing Conference held on 10 August 2012.

    Nick thank you very much and thank you all very, very much for being here this morning for this excellent event.

    I was at the Olympic Park yesterday like a lucky number of others watching Nicola Adams win the first gold medal, medal ever for a woman boxer in this new Olympic phenomenon female boxing. And it was such an uplifting celebration of talent and grit and determination and such a wonderful response to all the cynics and naysayers that Nick referred to and travelling here this morning I thought to myself that in many respects that celebration of success and that rejection of cynicism and pessimism is exactly what we should dwell on here this morning when we consider the strengths and potential in Great Britain for our advanced manufacturing and engineering sectors.

    Because for far, far too long we’ve laboured under the wrong narrative which has undervalued our successes in this area and undervalued our future potential as well. For far too long there has been almost a sort of hidden, unspoken assumption that inventing, designing and manufacturing, exporting things is part of the sort of past legacy of our manufacturing heritage, but that the future is all about services, that going in to boring subjects like engineering and science is the wrong thing, that what you should do is always aspire to go in to the whizz bang service industries – accountancy, lawyer, the City, City – and so on.

    And that is a dramatic misreading of our national strengths as a national economy and I really just want to in a very few minutes make three basic points, highlight our strengths as a global power for manufacturing and engineering. Secondly emphasise how determined we are as a Coalition Government to do more to expand on those strengths and thirdly to underline the importance I attach and we attach to inspire just as young people have been inspired by the Olympics, to inspire the next generation to dream of being the, the new Brunels and Stephensons of the future.

    So firstly our, our strengths. It is just worth repeating how important so many of you are in the fabric of our British economy, some of the most successful companies in the world operate – Airbus, (indistinct) Jaguar and Land Rover – all of whom are very, very welcome sponsors of this event and Nissan, Siemens, BAE and so many other dynamic businesses represented here. We have the second largest aerospace industry in the world.

    Despite the very disappointing trade statistics that were published overnight last night, we nonetheless saw that in the early months of this year the United Kingdom has, was exporting more cars than we import for the first time since 1976. A quarter of all Ford engines are made here, eight out of twelve Formula One teams are based here for good reason, because of access to skilled engineers and cutting edge technology.

    It is a sector advanced, advanced manufacturing, responsible for almost three quarters of business research and development in this country and in so much of that research and development we lead the world in neuroscience, computer science, ecology, energy, material science and so on. And we pride ourselves that we also have strengths, natural strengths, (indistinct) that we are right at the heart of the world’s largest borderless single market right on our doorstep in the European Union, all of those strengths are strengths which we must celebrate because they are very, very phenomenal strengths indeed.

    We need however as I said secondly to do more to build on those strengths and I won’t, because it’ll consume too much time and I know that Vince Cable and others will go in to this in greater detail later, enumerate all the measures that the Government has taken, but whether it is the new technology innovation centres, that try and emulate some of the world’s best examples of clustering academic excellence with advanced manufacturing research; whether it’s our very ambitious plans in infrastructure (indistinct) long term productivity of the economy so heavily depend; whether it’s the commitment to a high speed train spine up and down the length of the country, whether it’s the new guarantee scheme that we have recently announced using the strength of the Government’s balance sheet to mobilise private sector infrastructure and investment infrastructure; whether it’s the Green Investment Bank, the first of its kind, (indistinct) using three billion pounds worth of public money to leverage in several times that private sector money in our new renewable energy infrastructures.

    Those are all examples of commitment to infrastructure which is so necessary to your work, whether it’s rebalancing the sectorally unbalanced pattern of British, the British economy over, which has built up over the last two or three decades where so much growth is concentrated in the City of London, the South East and not enough is concentrated in what has become regions elsewhere in the country, in the North of the country in particular who’ve become over reliant on public sector subsidy. We’re using instruments like the Regional Growth Fund, two and a half billion pounds worth of direct finance from the Government to companies and particularly to manufacturers elsewhere outside the South East of the country who are committed to diversifying their businesses, creating jobs and creating greater private sector dynamism in other parts of the country.

    Those are just some of the examples of what we are doing. We’ve already launched, already implementing in the last two and a half years to build on those successes. But as I said at the outset, the final point I’m going to make to you before taking questions and comments from you is the importance of the, and the Olympics, the slogan is inspire a generation. I think we together, everybody in this room, the politicians and you in industry, we need to work together to inspire a generation so that unlike, I’m forty five, when I was at school I wasn’t the greatest at science and maths, but nonetheless no one suggested to me or to my friends at school at the time that maybe we wanted to dream of being engineers, of being, going in to industry, going in to manufacturing. This was, this was the early Eighties and it was all about making a fast buck in the City of London or going in to the glamorous industries of advertising or the media. There was no positive image visually given to our youngsters of an alternative career path. That has to change and thankfully it is changing.

    I’ve got three little sons. I want my sons to dream of doing what their grandfather and their great grandfather did who were in different capacities, scientists and industrialists and, and manufacturers. And we’re committed to do that, whether it is, notwithstanding all the difficult cuts we’ve had to introduce in public spending, protecting public spending on science, whether it’s the reforms that we are introducing in order to ensure and guarantee that our universities remain amongst the very best universities in the world; whether it’s the expansion of apprenticeships on a scale that has not been seen in this country in the post war period, we’re delivering a quarter of a million more apprenticeships during this Parliament than was planned by the previous administration; whether it’s the creation of twenty four new university technical colleges which specialise in subjects like advanced manufacturing, engineering and health technologies; whether it’s the new Queen Elizabeth Prize for Engineering which was launched, which is an international prize with a million pounds from us in order to celebrate and highlight the best achievements in engineering; whether it’s the network of around twenty eight thousand volunteers we’ve had from academia and industry who are going in to schools to get children enthused about a career in science and technology.

    All of those things and more are the kind of things we need to do together to make sure that we don’t regard our manufacturing excellence as something which only belongs to the past and present, but it’s also absolutely crucial to a thriving and prosperous future for the United Kingdom in the years to come as well. Thank you very much for listening to me.

  • David Cameron – 2012 Speech at Hunger Summit

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    Below is the text of the speech made by David Cameron, the Prime Minister, at the Hunger Summit on 12 August 2012.

    Prime Minister

    Thank you very much everyone for coming and for giving up your Sundays for something which I think is very, very important. A warm welcome to all of you.

    While we’re holding these Olympic Games – and I think they’ve been a huge success – and while the eyes of the world are looking at the United Kingdom, I wanted to make absolutely sure we weren’t just thinking about who was going to win the next gold medal, but also we spent some time thinking about some of the biggest problems that people face in our world. And while lots of us are able to think about the next gold medal, there are millions of people in our world who are thinking about whether they are going to get a meal, whether they will go to bed hungry, whether they can get the proper food and nourishment they need to stay alive and to develop. And that’s what today’s conference is all about.

    I’ll say some remarks in a moment, but first of all, I wanted to ask Mo Farah and then Haile Gebrselassie to say some words about how important this issue is to them. Mo, you stunned us all with those two amazing runs, and it’s very good of you to give up this time for something I know you care about deeply as well.

    Mo Farah

    Thank you for inviting me. It’s a great pleasure to be here. It’s really important as an athlete to get it right, and I got it right at this championship. But mainly, the reason why I am here is I’m lucky to have set up a new life here, and grown up here. I originally came from Somalia as a little boy and didn’t know the situation out there. It’s not great. And there are kids out there who need opportunities in hunger, starving, so we must do something about it, and it’s really important that we give back something to those kids.

    As a parent, for me, luckily I’m going to have twins, and they’re going to get the right things and everything they need. But there are kids out there who need our help and hunger, and are not able to get anything. So it’s important that we give back something, and it’s great to be here. And we must do something all of us.

    I’ve set up the Mo Farah Foundation, and that’s also going well. And the reason why I set up something is just the hunger and the situation out there. We must do something and to give something back to those kids, particularly. It really touches my heart.

    Haile Gebrselassie

    First of all, I would like to say thank you to the Prime Minister of the UK and Vice President of Brazil today, and for their leadership to take on under-nutrition around the world. Last month, I delivered a petition on behalf of the ONE campaign to Africa’s leader, signed by over 55,000 African citizens and ONE members calling for action to tackle hunger. So I am delighted to now be here in London at this global event that will also focus on these opportunity issues.

    We have all watched a great performance by athletes at this Olympics. Congratulations. What a wonderful Olympics, with the best performance for the UK team: amazing, especially my friend Mo here. Congratulations to you and your people here, to host such a wonderful Olympics. That’s my witness, because I’ve been in all the last five Olympics Games, and saw many good things at this one. It’s amazing, especially the crowd in the stadium.

    I understand the pain of malnutrition. In my home country of Ethiopia, I have seen lives blighted through extreme poverty and hunger. We have seen some great performances from Ethiopian athletes in the Olympics. My country has won three golds. Only Mo won two and the UK 28, wonderful; congratulations again for that.

    Throughout the year we have seen Ethiopia put out performances and outstanding athletes from all over the world, but at home, half of our children are affected by malnutrition. Just imagine what my country could have achieved on the athletics field if half of our children weren’t suffering chronic malnutrition, if all children escaped the long-term consequence of stunting, and could grow and reach their full potential. So I am pleased today that we are trying, and we are turning the world’s attention to malnutrition, which continues to affect so many around the world.

    When I speak to young athletes, I tell them that becoming an Olympic champion takes commitment, discipline and hard work. Without hard work, there is no achievement. I want to say the same to you here today. This is a very important mission, and it will take hard work and commitment to succeed in our goal. I have faith, looking at experts gathered at this conference today, that we can make progress to saving millions of children from stunting. I wish you all the best. Thank you very much.

    Prime Minister

    It matters a lot that you do this because you are enormous role models to people not just in the United Kingdom, but around the world. And you raising the profile of this issue will mean that more will get done, more lives will be saved, fewer children will grow up to be malnourished. So thank you very much for your contribution.

    I can update you on one point. You said we had 28 gold medals; we’ve just won a 29th in the heavyweight boxing, so I just had to get that in. That was today. That was just as we were gathering.

    But I know that Mo, you can’t stay because you have many other commitments, but thank you very much for coming. I want to thank everyone again for coming, and particularly Vice President Temer of Brazil, and for all of you for coming today.

    When we won the right to host these Games, we promised two things. We said we’d stage the greatest Olympics ever here in London, and I hope it’s not too much boasting to say we think we’ve come close to doing that, if not doing it. And second, we said we’d make sure the Games weren’t just a one-summer, one-off wonder, but we wanted to create something that would last. And that’s what we’re here to talk about today.

    Now you’ve heard from Mo Farah. A week ago, and last night, the whole country cheered Mo Farah to gold in the Olympic stadium. But a year ago, the country of his birth, Somalia, was suffering in that terrible famine. Now, I’m proud of the fact that Britain led in the response to the famine in Somalia and the Horn of Africa, with over £129 million of aid from the British government, and an incredible £79 million of individual donations from the British people. And I’m proud too that through the London conference that we held earlier this year, we helped to play a part in the international response that means today, Somalia is a place of some growing hope rather than despair.

    But while people around the planet have been enjoying and competing in these Games, there is another world where children don’t have enough to eat and never get the start in life that they deserve. The figures are truly shocking. One in three child deaths are linked to malnutrition, and 171 million children are so malnourished by the age of two that they can never physically recover. That is the terrible thing about this – what we would call a ‘silent crisis’ – that it harms for life. Even if malnourished children are able to fight off the sickness and the infection in their earliest years, their bodies and their minds never fully develop. And it’s a tragedy for them, it’s a tragedy for the societies that they live in, because children who could grow up to become doctors, farmers, engineers, entrepreneurs, or great Olympians, are simply left behind.

    The problem repeats itself generation after generation, and it doesn’t stop just when they’re older. Just under one billion people across the world go to bed hungry every single night. Now, we’ve got a responsibility to tackle this, but the hard truth is – and it needs to be said – that while we’ve made great strides in the last decade on things like education, malnutrition rates have actually stagnated. I’m determined that we try and help change this, which is why I wanted at the end of this Olympic fortnight to hold this hunger event, and it’s why between 2011 and 2015, Britain will reach 20 million children under the age of five and pregnant women with nutrition programmes. That is our own contribution to this challenge.

    But the ambition I want to set today is for the world to rise together to make a difference, between now and between the start of the Rio Olympics in 2016. And I think that’s appropriate because Brazil is actually making huge progress on this issue.

    Now, what is my answer to this challenge? Well, let me start another way. Here are two things I think we shouldn’t do. First of all, we shouldn’t just throw food aid at the problem and hope for the best. And second, we shouldn’t pretend there is one single fix. This is a complex problem; it requires a complex set of solutions.

    The challenge of malnutrition isn’t just about food. That is obviously the symptom, but we need to tackle the underlying causes. If you take, for example, the Democratic Republic of Congo, it’s a country that exports food but where millions are still undernourished; or if you take Africa as a whole, which has almost 60% of the world’s uncultivated land, but where malnutrition is chronic.

    So the problem is partly a failure of government. Farmers can farm, traders can trade, but without the rule of law, without property rights, without peace, you can’t get your product to market. You can’t sell your crops. And without things like decent sanitation, accessible healthcare, and basic education, malnutrition grows. So Britain’s response is to fund these things, as one of the most generous aid donors in the world. It’s precisely why we’re sticking to our commitment to 0.7% of our income spending on aid, even at a time of economic hardship.

    The problem is also, I believe, partly a failure of the private sector. Rising food prices leaves the poor hungry, but if the private sector can help farmers in Africa and Asia to grow more and get their crops to market at a fair price, then there can be opportunity too. So Britain’s response is to work with businesses like those here, like Unilever, GSK, Britannia Foods, to produce and distribute food that contains all the nutrients that young children need.

    And there’s another thing Britain can do here as well, and that is, use science to produce nutritionally enriched, resilient crops, and make sure everyone gets access to these seed types, not just farmers in rich countries. So we’re backing agricultural research and innovation to enable around half a million poor households across Africa to grow better crops, benefiting up to three million people.

    Finally, and I think this is very important, it’s important that we have meetings like this during Olympic fortnights like this. We’ve got to keep the promises that we make when we have meetings like this. Data on progress needs to be transparent. It needs to be put in the hands of our citizens so they can monitor what governments and businesses say they’re going to do, and then what they actually do.

    Now, I’m not claiming to have all the answers. This is a challenge for everyone round the table. I’m looking forward to hearing people’s contributions. But I do believe it’s a challenge the world can meet, and I know it’s one we have a duty to meet. We’ve all signed up to the World Health Organisation target to cut stunting from malnutrition by 40% in 2025, and it’s now time to put that into practice. That would see something like 70 million children have access to proper nutrition. It is doable and deliverable if we make these commitments and meet these commitments.

    Now, we’ve just seen in the Olympics what the world can do when it puts its mind to a task. We’ve got political leaders, we’ve got great Olympians here, we’ve got the leading charities and organisations that care deeply about this issue. We shouldn’t turn away from this issue. In my view, we won’t. Now, I’m going to hand over to the Brazilian Vice President to talk about his country’s contribution, and what you plan in the run-up to 2016, before opening up to other contributions.

    Michel Temer (Vice-President of Brazil)

    I should like to take this opportunity first of all to say that I’m going to be speaking in Portuguese, and secondly, to thank the Prime Minister very much for hosting this event, and also to thank him for taking the leadership jointly with us to pursue this thing that, as he just said a short while ago, was committed to silence; it was something that was not observed. And so I think it is something that is very laudable and it’s something that we need to pursue in earnest. And in Brazil, we do have a great experience in fighting hunger, and this is one of the great pillars of our development.

    Therefore, combating hunger in Brazil is not only a government policy but it is a state policy, because it is enshrined in our own constitution that establishes that there is a right to food. It is a social right that we have.

    It does not only determine that we should be fighting hunger within our own country domestically, but also to assist and aid those countries that are still struggling with this major challenge.

    Brazil has already employed a great and important fight against the scourge of hunger over the past ten years, both domestically and externally, counting on the support – and the very determined support – of the United Kingdom, of and the system of the United Nations that is currently here represented by various agencies.

    As a matter of fact, the Brazil conquests are internationally acknowledged in the field of food security with the reduction of extreme poverty over the past five years when, compared to the Millennium Development Goals, the timeframe was 25 years.

    And this did happen with the contribution of the civil society in Brazil, a very organised society that engaged with this in a very earnest manner; so much so, that this fight could be pursued very much so that we all know that both in Brazil and all the world, there is no lack of food. So what is lacking? There is lack of access, and over a billion people do not have access to proper food.

    In Brazil, at the same time that we sought to redistribute the income, we also prepared a set of public policies that are geared towards food security, food and nutritional security, which has encompassed things such as school meals, gardens, vegetable gardens in schools and community gardens, food banks, local purchase of family agriculture, credit to smallholders, farmers, public depots, agricultural insurance, food banks, and popular restaurants.

    In this manner, we succeeded in reducing by 11% the levels of malnutrition in our country, and then we came to become a point of reference for other countries that have similar difficulties, challenges of poverty.

    I should like to give you two examples. For example, the Brazilian school meal programme feeds currently 47 million pupils on a daily basis. It is based on the right to food, and does not discriminate even positively. All have the right to school meals.

    And what we did as well with the National Congress, we approved the Bill which requires that 30% of the food needs to be bought from family agriculture, family farmers; that is, those smallholders that produce food locally, so that they provide the food for this school programme. And by the same token, this constitutes a very significant social integration programme: people engage with this and they supply it at a local level.

    And it is this very experience that we are now sharing with other countries, helping them to organise their own small family farming or smallholders, their crops, and also the manner that they purchase this produce, the crops, for students and other people that are in a situation of food insecurity.

    So within this trajectory, we counted on the very generous interest of the United Kingdom, with which we have established a partnership for a project for local purchase of food in five African countries, each one situated in a macro-region of Africa; that is, Mozambique, Malawi, Ethiopia, Niger and Senegal, organising the farmers and the production in the form of partnership with the Food Agriculture Organisation (the FAO), and buying the produce for the programmes, for the school meal programme, and for people that are currently in food insecurity situations through the World Food Programme.

    And I would like to also take this opportunity to point out that during the recent Rio+20 conference in Rio de Janeiro, the Secretary General of the United Nations, Ban Ki-moon, and also the Deputy Prime Minister of the United Kingdom, Mr Nick Clegg, did mention our programme, the food purchase programme that we have, as an example of horizontal cooperation.

    And within this cooperation, the Brazilian Agricultural Research Corporation (EMBRAPA) has created a number of initiatives. The chairman of EMBRAPA is present here, he is going to take part in these discussions this afternoon. He’s going to describe the various initiatives that EMBRAPA has been pursuing in order to provide this cooperation.

    And our very well-known, broadly known strategy, which is called Zero Hunger, is exactly the fruit of this practice of participatory and redistributive democracy, and that, of course, encompasses all the emergency elements. And I am extremely delighted to announce here on behalf of President Dilma Rousseff and myself a new donation that Brazil is making of $120 million in food for the World Food Programme. That was the most important part of my speech, of course.

    And this is just to say that not only did Brazil look after its own domestic problems and challenges that we had with hunger, but it also has a major concern to fight hunger all over the world, as well as malnutrition all over the world.

    And of course, all of these three aspects that I have just mentioned are based on three pillars of sustainable development, the social pillar, the economic pillar, and the environmental pillar, which are firmly grounded in the inalienable human right to food for all citizens throughout the world – that they have to have the right for good food and nutrition.

    And to close, I should like to express my gratitude to Prime Minister Cameron for inviting us to co-host this event here on combating hunger. Thank you very much indeed.

    Prime Minister

    Well thank you for co-chairing this event, and thank you for that contribution to the World Food Programme. And also, thank you for those good examples, including the school food programme, about how to tackle the shortage of nutrition and food security in some countries. That was very positive, thank you very much.

    We’re going to have, if we can now, three-minute contributions from the key speakers, the headline points they want to make about how we best tackle this crisis, before we go into the sub-groups.

    Enda Kenny (Taoiseach of the Republic of Ireland)

    Thank you, Prime Minister. I’m from Ireland. In the 1840s, we lost half our population with the Great Hunger, principally caused by blight on the potato crop, which was the sustainable crop for our people. It instilled in us a sense of real interest in dealing with hunger, and it’s given us an intense interest in foreign aid, in dealing with hunger, malnutrition, and standing by the most vulnerable and the poorest of the world.

    The eradication, therefore, of hunger in a world sense is a cornerstone of the foreign policy of our country. We’re not as big and as powerful as many others, but we’ve got a very long tradition of being involved in other countries in these areas.

    The figures are enormous, and they are obscene, and they are a testament to failure. One billion suffer from hunger; two billion suffer from malnutrition and under-nourishment, and yet all of the research, all of the capacity, all of the potential, exists to deal with these problems. I’m not here to talk about that particular issue. What I do want to say is this: sometimes the political process doesn’t actually know what to do. That’s why the collective energy and the collective experience and the collective wisdom of all of the agencies, organisations, food producers, and so on, is needed, to understand what the particular problem in any location in the world might be, and how it should be dealt with.

    For me, as the Prime Minister of my country, we assume the presidency of the European Union on 1st January next year. This will be our seventh presidency. We intend to make hunger, nutrition and climate justice a particular issue during that presidency. In April of next year there will be a major conference hosted in Ireland on hunger, nutrition and climate justice and we will obviously make an issue of this.

    But it is also important to understand the very strong relationship that exists between Ireland and Britain, which has evolved to an unprecedented extent following the visit of Her Majesty to Ireland last year, which means that the Prime Minister, when he assumes the chairmanship of the G8 next year, is also in the position to influence the issue of climate justice, hunger and nutrition in a way that is paralleled by Ireland assuming the presidency of the European Union for the first half of next year. So we pledge ourselves to work together in these interests.

    We are one of the few countries that have actually – no more than Britain -stood by our commitment in respect of foreign aid and despite the economic challenges that we face, maintained our fund in that regard and have already exceeded the 20% commitment of that programme in respect of hunger and nutrition, and we commit ourselves to continue to do that.

    So for the future, for us, it is a case of continuing to understand that we need to be in a different place if this problem is to be tackled and this challenge is to be met successfully because the old way will not work for the future; growing numbers, different issues in respect of climate change and climate justice which cannot be put off for the next decade or the next two decades or the next three decades. It needs to be tackled and tackled now.

    So in that regard, our own contribution – we were not able to give 120 million but we did give 3.5 million to the CGIAR research organisation this year, just this week actually, dealing with hunger and nutrition and we will continue in that regard. So for a country that is committed to this, where we will work with our colleagues in the Commission, our colleagues in the European sense, assuming the presidency next January, work with the G8: it is important that we use our collective wisdoms to understand what it is that has to be done and can be done.

    Leaving aside the question of politics in different countries, which is always a challenge and an issue, it is very commendable that Brazil says, ‘We have a programme where small agri-producers can produce and that food is bought, which is an incentive for them to continue to produce, and children can be healthy.’

    I commend Mo Farah and Haile Gebrselassie, a wonderful athlete, in your years. These Olympics have been outstanding, David. To you and all those wonderful volunteers, you’ve had a great two weeks for Britain, a great message from London, an example of how the spirit of sport can unify people around the world. Thank you.

    Prime Minister

    Thank you very much and thank you for that commitment to make this issue so high profile during your presidency of the European Union and it’s very good that we have the European Commission here, represented by Andris Piebalgs, who obviously has a very large budget to distribute in terms of aid and food security. I am going to be calling on you a bit later. But if we could now hear from Prime Minister Sheikh Hasina of Bangladesh, a very warm welcome to you. I know you are a member of the Scaling Up Nutrition movement and have had a lot of success in your own country tackling these issues, so I am very interested to hear from you. Thank you.

    Sheikh Hasna (Prime Minister of Bangladesh)

    Thank you, thank you very much, Right Honourable Mr David Cameron, Prime Minister of United Kingdom and Northern Ireland, excellencies, distinguished guests, ladies and gentlemen, good afternoon to you all. Today we are here to discuss hunger and malnutrition, a huge challenge facing us. Hunger is a painful experience that destroys the body and demeans the soul. Malnutrition is the largest single contributor to physical and mental underdevelopment and disease.

    I want to thank Prime Minister David Cameron for holding this event. I hope it will secure international commitment to meet the challenges.

    A billion hungry and undernourished people populate our planet with 98% in developing countries. South Asia has the highest child malnutrition in the world. Bangladesh has 6% of global childhood under-nutrition. Our pragmatic policies and measures to address this issue have succeeded in increasing dietary caloric intake. During our governance, a three and a half years’ period, under-nutrition has been reduced from 42% to 36% and stunting from 43% to 41%. We expect our children to be at 36% in 2015. In two years we are on track to attain the hunger target of MDG1.

    In Bangladesh, one third of women are undernourished and a lower proportion of pregnant women are anaemic. Macronutrient deficiencies are also a major concern. We are focusing on the first thousand days of life: that is from conception to 24 months of life. We are also promoting delayed marriage to improve the nutritional status of adults and girls, and lowering incidences of low birth weight babies and subsequent malnutrition.

    Our overall multi-sectoral efforts have succeeded in reducing poverty by 10% because we have many programmes for social safety net. And we also distribute free foods to the poorest of the poor people. Our aim is to lift deprived people out of poverty, hunger and malnutrition.

    By MDG timeframe of 2015, we have many pragmatic programmes. Our efforts have so far achieved GDP growth rate of 6.5% during our government’s tenure, increase of per capita income, attainment of MDG4 on infant mortality and MDG5 on maternal mortality. This was possible despite external vulnerability and challenges of global warming and sea level rises.

    Poverty and hunger are not just national issues. The ensuing global crisis – that is economic, energy, food, fresh water – calls for unified global approaches for solutions. A global consensus is also required to effectively respond to over-speculative transactions and financialisation of commodity markets. There is also a need for balance between government protection and regulation of institutions. All these have direct bearing on the effectiveness of domestic policies and programmes, on hunger and under-nutrition.

    Food security is imperative. During out last tenure from 1996 to 2001, we became self-sufficient in food for the first time. In recognition of this, FAO awarded the Ceres Medal to Bangladesh in 1998. Unfortunately, the years following, our government saw Bangladesh again reduced to a food importing country; that time we were not in power, it was the other party.

    During our present tenure, our reserves have led to the development of high-yielding nutritious rice varieties, also resistant to salinity, drought and rising water level. Today, we are again self-sufficient in food. We are not only growing food, we also make sure that food should reach the poor people.

    For sustainment of this achievement against climate change impacts we need concerted internal and global actions like regional buffer food grains and the imposition of export ban on imports of net food importing countries. It is predicted that climate change will adversely affect food grains in terms of yield, price, consumption, etc. This will reduce calorie intake and increase child malnutrition.

    Bangladesh is already feeling impacts of climate change, losing as much as 3% to 4% GDP growth which otherwise would have supported our efforts on health and nutrition.

    For nutrition, we also ensure health services for our people, especially for women. We have already established 12,000 community heathcare centres; through that, we are assisting our people.

    Excellencies, ladies and gentlemen, today on the backdrop of the London Olympic 2012 Games, athletes are excelling with all vigour and vitality for honours for their nations. Let us for a moment wonder on the position of others of our family, passing their days in hunger and poverty with many hoping that they were part of the Games. It should be enough if we bear compassion in our hearts to make a place today to open all doors, raise all barriers and combine all our resources as one family to eliminate hunger, malnutrition and poverty, and thus leave the world a better place for our future generations.

    I thank Prime Minister Cameron again for arranging this meeting and many of you will make some comments on that. We can get some new directions, new methods or new experiences which we can use for our people and our country. Thank you.

    Prime Minister

    Thank you very much indeed. I now call on the Prime Minister of Kenya, Prime Minister Odinga, to speak to us about his experience and his items for the future. Thank you very much, Prime Minister.

    Raila Odinga (Prime Minister of Kenya)

    Thank you very much, David. I really want to begin by thanking the Prime Minister for this initiative, for getting all these brains together during the London Olympics; that we don’t just celebrate medals but we also think of those millions who are out there and who have nothing to eat. If it had been during the French Revolution, Marie Antoinette would not have made those remarks and maybe there would never have been a revolution.

    We all know how critical it is to be blessed with good health, particularly in childhood, and here we are talking about what they call the one thousand day corridor during the formative period of a child, when the brain needs nutrients to grow. Malnourished children actually face many risks. They will likely grow up to be unemployed and frustrated because they are stunted if they don’t get their requisite nutrients early enough. And that means that basically they will become a source of discontent and social and political instability in the country rather than a demographic dividend for the country.

    But as we speak now, the statistics don’t look very good for us in Kenya. An estimated 39% of our children are undernourished. This proportion is much higher, particularly in what we call arid and semi-arid parts of our country. The economic costs are equally large. It is estimated that about $2.8 billion of our GDP is a drag, I mean, goes down as a result of vitamin and mineral deficiencies.

    What additional measures should we, the Kenyan government, take? One, we believe that it is critical to enhance the intake of vitamin A, zinc, iron and other essential nutrients by the vulnerable children and pregnant mothers. Two, iron fortification of staple foods and universal salt iodisation is also essential. Then three, we need to urgently scale up the school base warm meal programme to cover all children in the affected areas. We are about to launch this expansion with the support of the Children’s Investment Fund. Four, we should rapidly extend the free distribution of insecticide-treated bed nets. The aim will be to provide bed nets to more than one half of our children who still sleep without the treated bed nets. Five, many girls get married when they are just 12, and they are also undernourished. They then bear children who are also born weak and undernourished. Thus, the vicious cycle continues. All girls must be protected by society to ensure that they reach at least 18 years of age before they get married.

    Now we face two additional, major challenges. One is the influx of a very large number of Somali refugees, many of whom are children. Mo already left early, but he would have been happy to hear about this. We are right now hosting the biggest refugee camp in the world. About 600,000 people in one camp alone, but taken together there are nearly one million refugees as a result of political instability in Somalia. These children arrive with their mothers in the refugee camps, and when they come they are weak and malnourished. The other one is the issue of climate change. Droughts, floods and extreme, irregular weather are a common occurrence. The drought of the Horn of Africa in 2010 and 2011 affected thousands of children and mothers. We had the worst drought in over 60 years.

    So ladies and gentlemen, the resolution of these challenges requires collective actions by all concerned: that is governments, international agencies, NGOs and the private sector. This is why we endorse this Scaling Up Nutrition (SUN) movement. We particularly appreciate the eminent roles expected of the private sector under the category innovations within the SUN movement. The private public partnership (the PPPs) will be a very key component of our solution. Sales of nutrient-fortified foods and milk products on commercial networks and direct deliveries to the refugee camps are some of the many good possibilities of such PPPs. That is, that food is fortified before it is delivered, whether it is sugar, whether it is salt, whether it is maize, or even rice: it is fortified first so that the children are able to get their requisite nutrients out of those foods when they are distributed. The government of Kenya is ready to play its part. I want to conclude by saying, ‘Let us work together so that the goals for the 2016 Rio Olympics that we will set at this meeting will be fully achieved.’ Thank you very much.

    Prime Minister

    Thank you very much for that very specific set of measures you’re taking, and also the common theme emerging about the importance of family planning as a good example of how this is not just about nutrition, it’s about things that lead to poor nutrition. And clearly, having children too early can be part of that.

    Krishna Tirath (Indian Minister for Women and Children)

    Good afternoon to all of you. I congratulate the Right Honourable David Cameron, Prime Minister of the UK, for organising this global nutrition event.

    Nutrition is being given the highest attention and priority under the leadership of our Prime Minister of India, Dr Manmohan Singh, who has noted the high prevalence of under-nutrition with deep anguish in the country. The PM’s Nutrition Council has taken several key decisions to address the issues, some of which I would like to highlight.

    The Integrated Child Development Services (ICDS) scheme is reaching about 80 million children under six years and 20 million expecting and nursing mothers through a network of 1.3 million centres called Anganwadis. It’s being strengthened and restructured with programmatic, institutional and managerial reforms along with the enhanced financial commitment from an annual average of US$3.5 billion to over US$6.5 billion. The investment will improve the infrastructure, professional management, monitoring, community participation and accountability of the programme. Real-time monitoring and service as well as the knowledge resources of nutrition are also being strengthened through the use of ICT.

    Simultaneously, the healthcare component and system, through the National Rural Health Mission, is being extended and strengthened for micronutrient supplementation, the management of childhood illness, immunisation, and protocol for the treatment of severely undernourished, underweight children. Further, a more intensive, coordinated and convergent effort in the Multi-sectoral Nutrition Augmentation Programme in 200 high burden districts is being considered. A National Food Security Bill 2011 is also under the consideration of our parliament. A nationwide awareness campaign is to be launched soon to accelerate the fight against malnutrition.

    Special schemes for the empowerment of adolescent girls have been initiated, and especially a maternity benefit scheme for women. A national mission for the empowerment of women has been launched for inter-sectoral convergence of schemes and services towards the social and economic development of women.

    All these policies and programmatic measures would reinforce evidence-based interventions. The next five years are going to be extremely challenging for us, and we are determined and committed to achieve the goal to have a healthy generation. We value the support from DFID, UNICEF and other development partners. India applauds the efforts of the UK and the global community for bringing the issue of malnutrition to centre stage to coincide with the exhibition of great human prowess during the Olympics. India stands firmly committed to reducing the burden of under-nutrition and achieving the full potential of our children. Thank you very much.

    Prime Minister

    Thank you very much for that contribution and for the action you’re taking particularly in the poorest states in India that have the greatest challenges, which is where I’m sure you’re right to focus and where others should help you to focus.

    Krishna Tirath

    And we are ready to fight for this, all these challenges.

    Prime Minister

    Thank you.

    Chris Cooper-Hohn (Children’s Investment Fund Foundation)

    Thank you, Prime Minister Cameron and Andrew Mitchell for convening today’s event and I sincerely applaud their leadership on international development and addressing malnutrition.

    Ten years ago, my wife and I co-founded the Children’s Investment Fund Foundation (CIFF) to help address the obscenity of hundreds of millions of children whose lives are permanently blighted by malnutrition in the form of macronutrient deficiency, stunting and wasting.

    Today, CIFF is one of the largest foundations in the world with assets of US$3.5 billion but neither we nor other donors have enough resources to solve the problem alone. I have no doubt that climate change, drought and population growth will relentlessly increase food insecurity and food prices, leading to future catastrophic levels of child malnutrition in many countries. Without committed leadership, greater urgency and significant co-funding from the governments of developing countries themselves, we and other donors will never be able to solve the malnutrition scourge. Governments must share the responsibility to care for their own children and end the wilful neglect of child malnutrition. Countries must scale up nutrition programmes and mainstream them within health and social systems. Measuring and tracking the success of these programmes is essential. We must measure and publicise the reality of micronutrient deficiency, stunting and wasting of children, and collectively hold ourselves, including heads of state, accountable for progress each year.

    The CIFF foundation is currently granting and working on proposals in four areas. First, stunting, through the support to the World Food Programme in Malawi and Mozambique, and directly with the government of Rwanda. Second, community treatment of severe acute malnutrition at a large scale in Nigeria, in partnership with UNICEF and the national government, as well as in some Indian states. Third, micronutrient supplementation programmes in Bangladesh in partnership with GAIN and the private sector. Fourth, developing new formulations for therapeutic foods, to reduce prices for de-worming programmes in Kenya and diarrhoea programmes in India.

    Fundamentally to address root causes of malnutrition, CIFF must fund programmes in family planning and is extremely active in climate change work. Our foundation, CIFF, stands ready to make investments of tens of millions of dollars immediately and annually to address malnutrition in partnership with those countries and donors such as DFID that show a genuine commitment to addressing child malnutrition. Thank you.

    Prime Minister

    Thank you very much indeed for that.

    Paul Polman (Unilever)

    Thank you, Prime Minister, and Andrew. Congratulations on a wonderful two weeks, to start with: it’s been enjoyable to live in London, to be honest.

    Unilever are one of the biggest food companies. We sell to about two billion people a day, operate in 90-plus countries. So food security and nutrition go to the heart of our business. We could not function if the world didn’t function, obviously, and we’ve always had that as an important part. In fact, we’re spending probably about 300 million a year in reinforcing our products, be it iodine in salt, or be it in our Knorr products in Africa with vitamin A, or be it in our drinks, and the list goes on. For us, it’s just the normal thing to do: working with multilateral agencies like the World Food Programme – which fortunately is present here – or simply working with the 1.5 to 2 million small-hold farmers, providing them training in agricultural techniques.

    But it’s also very clear that we don’t reach the bottom of the pyramid; there are too many excluded, and many of you have referred to that already. That’s why there is a different partnership needed. Now, I’m very encouraged coming out of Rio and having participated in the Los Cabos meetings leading the Food Security Task Force, that there is an increasing number of what I call responsible businesses willing to participate at a different level than they’ve done. We simply cannot do it alone. I call it moving from a licence to operate to a licence to lead, and there is no better time in society to do that.

    Now, there are some wonderful initiatives. The G8 pledged the L’Aquila fund, about $20 million came out of that with specific projects for Grow Africa. We got what I call responsible business to participate for $3 billion, so we need to capitalise on that and there are 26 projects coming out already. In Los Cabos, with the G20, most of the Food Security Task Force’s recommendations would have nutrition prominently written in it, we’re adopting it in a declaration. We have commitments from major food companies of 10 to 15 billion to participate in that. The New Vision for Agriculture now has 17 projects going, we need to capitalise on that.

    And David, my friend, is here on the Scaling Up Nutrition. His goal of 35 countries and I’m glad that Prime Minister Odinga is the new one signing up today. Business is fully behind that and there’s no clearer focus than what David brings to the Scaling Up Nutrition. And then you have the initiatives that we’re doing here with GAIN and many others, the multi-sector and public private partnership initiatives. Obviously, DFID is heavily involved with GAIN as well, and the Bill and Melinda Gates Foundation that are present here as well, and many of the companies around the table, projects like Project Laser Beam in Bangladesh, helping your beautiful country, or what we do in other countries, like AIM (the Amsterdam Initiative against Malnutrition), they’re all taking hold. And the reason I mention all these products is that we don’t need to invent too many. We just, as you rightfully said, need to focus on making many of these projects now come alive, as real momentum is building up. I’m also honoured, David, to be part of this high-level panel for the development of the Millennium Development Goals after 2015, and I hope that nutrition and food security will play a prominent part in that as well under your encouragement.

    And I was glad we had the meeting at Lancaster House the other day with the food industry, and you were gladly participating on that. Eidon told me, preparing for that meeting, that the UK has 3,000 food companies here; it’s about 10% of the UK economy, and it’s one of the largest industries globally, actually, here. So your rallying cry, which you rightfully did, of how we can challenge the UK food and drinks industry to play a more prominent role behind these initiatives, is obviously spot on.

    With DFID, and with GAIN, Unilever organised about two weeks ago in our offices exactly with that purpose, a conference of some of the major businesses. You’ve referred to that already, the Associated British Food, Scargill, DSM, GSK and some others were present, together with, obviously, DFID and London School of Hygiene and Tropical Medicine, as well as Save the Children and some others. And it’s very clear coming out of that meeting that there is appetite, not frankly to invent too many new things, but to really build on some of these initiatives and to play a part in some of that very specific food security and nutrition, very specific, clear, well-defined projects, very specifically making the research and development available – that is very rich in the UK, I may add – and very specifically working on some hard output measures. So I’m very encouraged with that.

    I would say under your encouragement in the next few months, we should really summon these companies together, hold them accountable a little bit, and put some energy behind these initiatives. As we’re in this building, I found a nice quote of Winston Churchill, who said actually that, ‘The era of procrastination, of half-measures, of delays in coming to a close, is coming to a close. If no action is taken, we risk entering a period of consequences.’ And I think if we don’t take the actions that you rightfully champion, we risk these periods of consequences that we don’t want to face. So I thank you for the initiative.

    Prime Minister

    Thank you very much, Paul. Finally in this introductory session, I’d like Commissioner Piebalgs to speak, and then I’ll say some very brief remarks to sum up this opening session.

    Andris Piebalgs (European Development Commissioner)

    Prime Minister, thank you for your invitation and thank you for your leadership. Development cooperation is rather a complicated area, and sometimes seems very patchy. But I would like to congratulate you, particularly for this leadership on nutrition, and for family planning. Because when you address complex issues of development, there are some issues that somehow do not allow us to reach full-scale development cooperation. And family planning and nutrition are exactly the ones that can be overlooked for political difficulties, sometimes, and sometimes because we haven’t had enough courage to address it.

    Since this European Union has moved on nutrition for the last five and seven years, we have taken important decisions like one under EU Millennium Development Goals initiatives. The Commission has allocated €225 million to projects targeting food security and nutrition in the most vulnerable countries.

    Also, for biofortification of crops, we will invest €3 million to support harvests during this year, and most importantly, of the development strategies that are now adopted in the European Union, nutrition and food security are our top priorities.

    It is important to take goals, and usually we come up with very many inputs and fewer outputs. But also, I think from logic, we should put our targets and pledges on the goal sheet, what we would like to achieve; I would say that our European Union takes the pledge to at least 10% of the target of reducing the number of stunted children by 70 million by 2025, so that it can be done by our programme. So it means we would take a pledge to decrease the number of stunted children by 70 million through EU programmes, and partially also working with all other colleagues, doing everything to make the number of stunted children decrease. Because decreasing 70 million, if there are some places that increase, could not be too helpful. So we are taking this pledge. Thank you very much.

    Prime Minister

    Thank you very much. I think it’s been a very good opening session. Just three concluding points from me, from listening to people’s contributions. The first is about the priority we give this issue and the commitment that we make. I think everyone has been clear: this is the right issue to prioritise. The figures are horrific in terms of the number of malnourished children, and it is not improving at the moment. So we need to make real changes.

    In terms of the commitment we make, a number of dates and things have been mentioned, which I think are important to put into context. I think we all need to reassert the WHO target of 2025 for a 40% reduction of malnourished children: that would mean 70 million children. I think we should re-emphasise that. I think we should use between now and 2016, the Rio Olympic Games, as a sort of waypoint where you can measure how far we’ve got and how we are doing. We can use the Irish presidency of the EU for the European Union to play its part. We can certainly use the British presidency of the G8, just as the US did last year, to emphasise the importance of food security and nutrition. And I think, as Paul has said, where there are a number of us serving on the high-level panel Ban Ki-moon has set up, to make sure we emphasise this issue through those processes. So that’s the first point, the priority we give, the commitment we give, and the priority that we add to it.

    The second point I would make from listening to everyone’s contributions: of course, this is a multi-faceted problem. It’s very complex, because lots of things contribute to malnutrition. But I think it would be worth trying to pick some of the things people mentioned the most, and focus on those.

    A number of people talked about the first 1,000 days of life, pregnancy and post-birth. I think it’s absolutely vital to focus on that. I think the issue of family planning is absolutely linked to the issues of nutrition. I think what was said by the Minister from India about focusing efforts on the poorest people in the poorest areas, those where we can make the biggest difference.

    Third point is that this is, as Chris said, a shared responsibility. We won’t solve this by just the private sector improving crops and improving markets, we won’t do it just through government programmes; it is both these things and others beside. It is a shared responsibility, and I was particularly struck by what Commissioner Piebalgs said about making sure we are transparent about the aid that we give, the measures that we take, what government does, what the private sector does, and how we challenge private-sector companies. So it is a shared responsibility, but one where we should be transparent in our aims and goals.

    I’d like to thank everyone again for coming, and wish you well in the next set of sessions that will be chaired by my Secretary of State for International Development. But once again, very many thanks for your contributions, and thank you for coming today.