As a result of the Windsor framework, Northern Ireland will be in the unique position of being part of the UK internal market as of right, having privileged access to the EU market, being under UK services regulation, and having access to the free trade agreements to which we are acceding. In addition, I have led trade missions with Invest Northern Ireland to Canada and South Korea to promote brilliant Northern Ireland businesses overseas, and will take further similar steps.
What will be the benefit to businesses in Northern Ireland of working with the UK Export Academy?
I am very grateful to my hon. Friend for highlighting the UK Export Academy, brought forward by the Department for Business and Trade. To illustrate its success, I would point to Lowden Guitars, which takes its products from its factory in County Down to customers in Australia. I encourage businesses across Northern Ireland, and indeed across the UK, to use the Export Academy, as he implicitly suggests.
How will the New Deal for Northern Ireland funding help to boost economic growth and increase Northern Ireland’s competitiveness overseas?
The £400 million in the new deal for Northern Ireland funding will underscore the UK’s commitment to supporting and protecting the interests of people and businesses in Northern Ireland. New deal funding has been invested in projects such as £15 million for the Skill Up project to improve skills, £11 million for a cyber-AI hub at Queen’s University Belfast, and a number of other projects, including £8 million for Invest NI to help to promote trade. It is a commitment of which we are very proud and I could speak at even greater length.
What is the Northern Ireland Office doing, and what is the Minister doing, to promote Northern Ireland businesses at COP28, which will provide a significant opportunity for those businesses to be marketed on the world stage, especially those involved in hydrogen technology? We have a hydrogen hub in my area.
I know that the hon. Gentleman has a personal interest in this subject, and I should be happy to meet him to discuss how we can do more. There are some excellent businesses in Northern Ireland, including Catagen, which has an incredible technology for converting wind power and water into hydrocarbon fuels, and other businesses which should have the opportunity to participate.