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100081
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance line of credit facility have been small and medium-sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211318 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-11-06more like thismore than 2014-11-06
star this property answer text <p>Exporters do not apply for lines of credit. Lines of credit are umbrella buyer credit facilities put in place at the request of an overseas buyer to purchase goods and services from a number of UK exporters.</p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-11-06T16:00:10.3690713Zmore like thismore than 2014-11-06T16:00:10.3690713Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100082
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance direct lending facility have been small and medium-sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211319 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-28more like thismore than 2014-10-28
star this property answer text <p>UK Export Finance’s direct lending facility was launched in 2013-14. It was recently amended to make it more readily accessible, and has recently completed its first deal.</p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T16:01:54.8171605Zmore like thismore than 2014-10-28T16:01:54.8171605Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100083
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance export insurance scheme have been small to medium sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211331 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-27more like thismore than 2014-10-27
star this property answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p>
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property grouped question UIN
211332 more like this
211333 more like this
211334 more like this
211335 more like this
star this property question first answered
less than 2014-10-27T14:39:53.8322655Zmore like thismore than 2014-10-27T14:39:53.8322655Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property previous answer version
24212
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100084
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance export working capital scheme have been small to medium sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211332 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-27more like thismore than 2014-10-27
star this property answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p>
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property grouped question UIN
211331 more like this
211333 more like this
211334 more like this
211335 more like this
star this property question first answered
less than 2014-10-27T14:39:53.7228353Zmore like thismore than 2014-10-27T14:39:53.7228353Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property previous answer version
24211
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100085
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance supplier credit facility have been small to medium sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211333 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-27more like thismore than 2014-10-27
star this property answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p>
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property grouped question UIN
211331 more like this
211332 more like this
211334 more like this
211335 more like this
star this property question first answered
less than 2014-10-27T14:39:53.9416382Zmore like thismore than 2014-10-27T14:39:53.9416382Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property previous answer version
24213
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100086
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance letter of credit guarantee scheme have been small to medium sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211334 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-27more like thismore than 2014-10-27
star this property answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p>
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property grouped question UIN
211331 more like this
211332 more like this
211333 more like this
211335 more like this
star this property question first answered
less than 2014-10-27T14:39:54.1603405Zmore like thismore than 2014-10-27T14:39:54.1603405Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property previous answer version
24215
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100087
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading UK Export Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance buyer credit facility of credit guarantee scheme have been small to medium sized enterprises in each of the last five years. more like this
star this property tabling member constituency Glasgow North more like this
star this property tabling member printed
Ann McKechin more like this
star this property uin 211335 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-27more like thismore than 2014-10-27
star this property answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p>
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property grouped question UIN
211331 more like this
211332 more like this
211333 more like this
211334 more like this
star this property question first answered
less than 2014-10-27T14:39:54.2643452Zmore like thismore than 2014-10-27T14:39:54.2643452Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property previous answer version
24216
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
1419
star this property label Biography information for Ann McKechin more like this
100089
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading Venture Capital more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of a potential equity gap in UK venture capital sector. more like this
star this property tabling member constituency Stratford-on-Avon more like this
star this property tabling member printed
Nadhim Zahawi more like this
star this property uin 211212 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-28more like thismore than 2014-10-28
star this property answer text <p>I have asked the British Business Bank to publish its analysis of equity finance available to UK small business before the end of the year, which will include analysis on UK venture capital. The Department also published an economics paper in January 2012 on SME access to finance, which summarized the evidence at that time about the equity gap in UK venture capital. The paper is available at the following web address: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32263/12-539-sme-access-external-finance.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32263/12-539-sme-access-external-finance.pdf</a></p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T11:00:19.9891919Zmore like thismore than 2014-10-28T11:00:19.9891919Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property tabling member
4113
star this property label Biography information for Nadhim Zahawi more like this
100090
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading Iron and Steel: Manufacturing Industries more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking and is planning on taking to invest in training and apprenticeships in the UK steel industry given Tata Steel's recent announcement. more like this
star this property tabling member constituency Birmingham, Ladywood more like this
star this property tabling member printed
Shabana Mahmood more like this
star this property uin 211386 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-28more like thismore than 2014-10-28
star this property answer text <p>The Government remains committed to a healthy and growing steel industry in the UK and as part of this we are supporting the development of skills in the sector.</p><p> </p><p> </p><p> </p><p>We are funding over 100 postgraduate research students working on Tata projects, over 250 apprentices and directly offering over £2 million for direct training of staff.</p><p> </p><p> </p><p> </p><p>To boost the pool of potential engineers, Government is making a series of interventions, including £30 million in funding for employers to bid for to address engineering skills shortages in sectors with specific needs and an £18 million investment in a new National College at the Manufacturing Technology Centre in Coventry.</p><p> </p><p> </p><p> </p><p>Total numbers of apprentices starting apprenticeships in the Engineering and Manufacturing Sector stood at 42,520 in 2009/10 which grew to 66,410 in 2012/13.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T16:19:42.7766263Zmore like thismore than 2014-10-28T16:19:42.7766263Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property tabling member
3914
star this property label Biography information for Shabana Mahmood more like this
100091
unstar this property registered interest false more like this
star this property date less than 2014-10-21more like thismore than 2014-10-21
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading Iron and Steel: Manufacturing Industries more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what steps he is (a) taking and (b) planning to take to increase investment in the UK steel industry given Tata Steel's recent announcement. more like this
star this property tabling member constituency Birmingham, Ladywood more like this
star this property tabling member printed
Shabana Mahmood more like this
star this property uin 211387 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-10-28more like thismore than 2014-10-28
star this property answer text <p>The Secretary of State for Business, Innovation and Skills met the global head of Tata in India on 14th October, who re-affirmed his company's commitment to the British steel industry and to investing substantially in Port Talbot and strip steel.</p><p> </p><p> </p><p> </p><p>Working within EU rules, we are implementing a £7billion package of measures to address energy costs including £3billion to compensate energy intensive businesses for the impact of policy costs in their electricity bills.</p><p> </p><p> </p><p> </p><p>The Government has offered just over £12.7 million in funding through the Advanced Manufacturing Supply Chain Initiative (AMSCI) for the £22 million Proving Factory, which specialises in the industrialisation and low-volume production of advanced propulsion systems to automotive standards. Tata Steel is a key partner in this project, which is already producing commercial products.</p><p> </p><p> </p><p> </p><p>Rounds 1 to 5 of the RGF have supported 430 projects and programmes across England – allocating £2.9 billion of government support. We project this to deliver 573,000 jobs and £16 billion of private investment between now and the mid-2020s.</p><p> </p><p> </p><p> </p><p>The 2014 Budget doubled the annual investment allowance to £500,000 until the end of 2015. Government has also cut corporation tax from 28% to 21% - it will fall to 20% next year, the joint lowest rate in the G20, making Britain one of the most attractive places to invest and do business.</p><p> </p>
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T16:03:20.0471478Zmore like thismore than 2014-10-28T16:03:20.0471478Z
star this property answering member
4070
star this property label Biography information for Matt Hancock remove filter
star this property tabling member
3914
star this property label Biography information for Shabana Mahmood more like this