Paul Drayson

Paul Rudd Drayson, Baron Drayson (born 5 March 1960) is a British businessman, amateur racing driver and politician. He was Minister of Science in the Department for Business, Innovation and Skills until May 2010, where he replaced Ian Pearson. In June 2009 he was additionally appointed as Minister of State for Strategic Defence Acquisition Reform at the Ministry of Defence. After losing his ministerial positions in the 2010 General Election 2010 he stated that he would devote himself totally towards his motorsports company Drayson Racing Technology.

Education

After attending St Dunstan's College, Drayson graduated from Aston University in Production Engineering, followed in 1986 by a PhD in robotics also from Aston.

Powderject

See Main Page Powderject

Lobbying role

Between 2001 and 2002 Drayson was the Chairman of the BioIndustry Association.

Ministerial role

On 6 May 2005 Drayson replaced Lord Bach as Parliamentary Under-Secretary of State and Minister for Defence Procurement and as Government Spokesman for Defence to the House of Lords. His remit included oversight of the Defence Procurement Agency and Defence Logistics Organisation.

Just over a week after his appointment the Sunday Times reported that Drayson had 'admitted holding part of his personal fortune in an offshore tax haven that experts say could have helped him avoid £3m in tax. Lord Drayson, the new defence minister, established offshore trusts and companies in the Isle of Man that handled £30m he raised from the sale of his pharmaceuticals business. Experts say such arrangements are normally set up to avoid tax.

According to the Sunday Times:

Drayson set up two offshore trusts -named Ventana and Amalfi -for him and his wife in 1997 shortly before PowderJect, the company he co-founded, was floated on the stock market. Each trust, registered in Douglas, the capital of the Isle of Man, held 2.825m shares in PowderJect. Six months later the Draysons formed two offshore companies, Vardale and Sherdley, which were owned by the two trusts.

In 2003, PowderJect was bought by an American company that paid the Draysons' offshore companies more than £30m for their shares. The money was sent to the Isle of Man, beyond the grasp of the UK Inland Revenue.

the Sunday Times also reported that Drayson 'closed his offshore companies on March 8 this year - the week before Gordon Brown, the chancellor, introduced new laws to restrict British residents' use of tax havens... Yesterday, Drayson admitted holding "financial interests" offshore but said he brought his money back to Britain in the autumn.

On 6 March 2007 Drayson was promoted to Minister of State for Defence Equipment and Support. He oversaw the new Defence Equipment and Support Organisation.

On 29 June 2007 he also became a Minister of State in the newly created Department for Business, Enterprise and Regulatory Reform, responsible for business and regulatory reform and combining this with his role in the Ministry of Defence.

He stood down from ministerial responsibilities on 7 November 2007. His official reason for stepping down was his wish to participate in the Le Mans race, but it has been reported that the actual reasons were being left out of the loop when Prime Minister Brown decided to disband the Defence Export Services Organisation and equipment budget deficits which would make the follow-up to the DIS largely irrelevant. His job as Defence Procurement Minister was transferred to Ann Taylor.

On 3 October 2008 Drayson retiurned to government being appointed by Gordon Brown as Minister of State for Science and Innovation in the Department for Innovation, Universities and Skills following a cabinet reshuffle. Drayson continued in place on the creation of the Department for Business Innovation and Skills in June 2009.

In 2009 he gained an additional ministerial appointment as Minister of State at the Ministry of Defence.

Drayson lost his ministerial positions as a result of the general election on 11 May 2010.

Lobbying and science policy activities

Sense About Science

Drayson served from 202-2004 on a working party of the controversial pro-GM lobby-group Sense About Science

Science Media Centre

In 2002 and 2003 Powderject donated to the newly created Science Media Centre. In 2005 and 2006 Drayson was appointed as a member of the board of the Science Media Centre. He was listed on the SMC site between at least 4 April 2005 and 9 January 2006.

In 2012 Drayson was appointed to the new Advisory committee of the Science Media Centre, which was first announced on the SMC website at some point between 26 February and 4 May 2012. In addition the Drayson Foundation the charity venture of Drayson and his wife donated to the SMC.

Career

• 1986-91: managing director, Lambourn Food Company.
• 1998-1992: managing Director of Justin de Blank Ltd.
• 1993-2003: co-founder and chief executive of Powderject.
• 2004: raised to the peerage as Baron Drayson of Kensington.
• 2005-7: appointed under-secretary of state and minister for Defence Procurement, and government spokesman for defence in the House of Lords.
• 2007-07 Minister of State (Ministry of Defence) (Defence Equipment and Support)
• 2007-07 Minister of State (Department for Business, Enterprise and Regulatory Reform) (Business and Regulatory Reform)
• 2008-9 Minister of State (Department for Innovation, Universities and Skills) (Science and Innovation)
• 2009-10 Minister of State (Department for Business, Innovation and Skills) (Science and Innovation)
• 2009-10 Minister of State (Ministry of Defence)

Affiliations

• Chairman of the Oxford Children's Hospital Campaign 2002-5.
• 2003 - 2005 Entrepreneur-in-Residence at the Said Business School, Oxford University.

Biography

• Lord Drayson of Kensington, UK government Dept for Business, Innovation and Skills website, This snapshot, taken on 10/09/2009, shows web content acquired for preservation by The National Archives

Resources

• Science Media Centre Scientists comment on the appointment of Paul Drayson as Science Minister October 3, 2008.