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100081
star 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
star 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
star 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 remove filter
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
unstar 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
100082
star 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
star 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
star 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 remove filter
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
unstar 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
star 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
star 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
star 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 remove filter
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
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
4113
star this property label Biography information for Nadhim Zahawi more like this
100090
star 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
star 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
star 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 remove filter
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
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
3914
star this property label Biography information for Shabana Mahmood more like this
100091
star 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
star 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
star 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 remove filter
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
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
3914
star this property label Biography information for Shabana Mahmood more like this
100096
star 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
star 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 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 recent steps the Government has taken to ensure continued investment into the manufacturing industry. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 211366 more like this
star this property answer
answer
star 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>Business is being encouraged to invest by a strong stable economy; competitive corporate tax rates; a good regulatory environment; strong legal frameworks; a dynamic labour market and a long-term sustainable industrial strategy. This provides stability for UK businesses and gives them the confidence to invest.</p><p>A £3.2 billion Regional Growth Fund (RGF) is providing investment, across England, for projects and programmes such as capital investment, training and research &amp; development. Additionally, the Advanced Manufacturing Supply Chain Initiative (AMSCI) has made £345 million available, over 5 national rounds and a regional scheme, to support the repatriation, anchoring and growth of supply chains in England.</p><p>The Government continues to support inward investment in the UK and, in Coventry &amp; Warwickshire, the local LEP successfully achieved 43 Foreign Direct Investment projects in 2013/14 (30 involving UKTI) - an increase on 2012/13 - creating 2,427 new jobs and safeguarding 719. The majority of these projects are spread across advanced engineering &amp; manufacturing and business, professional &amp; financial services.</p>
star this property answering member constituency West Suffolk remove filter
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T11:47:57.9568471Zmore like thismore than 2014-10-28T11:47:57.9568471Z
star this property answering member
4070
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
308
star this property label Biography information for Mr Jim Cunningham more like this
100097
star 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
star 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 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 recent steps his Department has taken to increase domestic sales in the manufacturing sector. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 211368 more like this
star this property answer
answer
star 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>Through Reshore UK, which brings together the expertise of UKTI and MAS, we are backing business every step of the way to bring back jobs and strengthen our manufacturing base. The Government’s Advanced Manufacturing Supply Chain Initiative (AMSCI) has made £345 million available to support the repatriation, anchoring and growth of manufacturing supply chains in the UK.</p><p>The Manufacturing Advisory Service (MAS) has a specific requirement to support manufacturing supply chain activity. £59.3 million has been allocated over 3 years and more than 17,250 manufacturing firms have already received specialist support from MAS, helping them improve and grow.</p><p>To support commercialisation of technology and innovation, Government has launched the High Value Manufacturing Catapult and 16 new university-based EPSRC Centres for Innovative Manufacturing. Budget 2014 included a further £74 million investment in the Catapult network.</p><p>Government has also created a Skills package that supports businesses in taking on apprentices and provides support for investment in higher level skills: providing an additional £85 million to extend Apprenticeship Grants for Employers Scheme; and £20 million for apprenticeships up to postgraduate level.</p>
star this property answering member constituency West Suffolk remove filter
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T11:18:04.9854828Zmore like thismore than 2014-10-28T11:18:04.9854828Z
star this property answering member
4070
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
308
star this property label Biography information for Mr Jim Cunningham more like this
100098
star 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
star 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 Economic Growth 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 recent steps his Department has taken to ensure that economic growth occurs across the country. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 211369 more like this
star this property answer
answer
star 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's economic policy objective is to achieve 'strong, sustainable and balanced growth that is more evenly shared across the country and between industries.' The economy is growing and unemployment falling in all regions.</p><p> </p><p> </p><p> </p><p>To date significant progress has been made to achieve this. This includes:</p><p> </p><p> </p><p> </p><p>· Industrial strategy, through which the whole of government is working in partnership with industry to set the long term direction needed to give business the confidence to invest. Industrial strategy has already helped to create jobs and encourage significant investment by industry. Notable examples include the announcements by Siemens and the UK’s Associated British Ports to invest a total of £310m in wind turbine factories in Hull and across the UK creating over 1,000 jobs and Balfour Beatty to spend a record £1bn in 2014 on contracts with SMEs across the country.</p><p> </p><p> </p><p> </p><p>· Growth Deals. These are a crucial part of the Government’s long term economic plan to secure a better future and stronger economy for our country. The first £6bn of local projects agreed under the first wave of Growth Deals were announced in July 2014. This includes £74.1million invested in the Coventry and Warwickshire Local Enterprise Partnership area, which will help to create at least 1,000 jobs and allow up to 1,000 homes to be built. It will also generate up to £30million in public and private investment</p><p> </p><p> </p><p> </p><p>· Finally, the Regional Growth Fund which is a competitive £3.2 billion government fund operating across England to provide grants to private sector projects and programmes with significant potential for economic growth and support particular areas and communities that are currently dependent on the public sector for employment. To date £2.9 billion has been allocated across England with over £1 billion going to projects and programmes in the north and £670 million to nationwide programmes. These investments have in turn generated £2.4 billion of private investment with a further £13.6 billion to follow over the next ten years.</p><p> </p>
star this property answering member constituency West Suffolk remove filter
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T14:00:57.3815281Zmore like thismore than 2014-10-28T14:00:57.3815281Z
star this property answering member
4070
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
308
star this property label Biography information for Mr Jim Cunningham more like this
100099
star 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
star 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 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 recent steps his Department has taken to increase manufacturing sector exports. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 211367 more like this
star this property answer
answer
star 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 Trade &amp; Investment (UKTI) staff are providing expert trade advice and practical support to UK-based manufacturing companies growing their business overseas and helping them trade successfully in foreign markets.</p><p>Exports of manufactured goods from the West Midlands region increased by over £4 million between 2012 and 2013.</p><p>UKTI involvement has directly assisted a number of West Midland companies increase exports and overseas sales; leading to bigger workforces, investment in new machinery and expansion of premises. Additionally, UKTI has helped West Midland companies attend international trade shows, raising companies’ profiles and significantly increasing the total business turnover. UKTI also provides overseas sales support enabling West Midlands companies to successfully acquire multi million pound contracts.</p> more like this
star this property answering member constituency West Suffolk remove filter
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T14:03:54.337516Zmore like thismore than 2014-10-28T14:03:54.337516Z
star this property answering member
4070
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
308
star this property label Biography information for Mr Jim Cunningham more like this
100101
star 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
star 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 to support British manufacturing firms with an interest 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 211385 more like this
star this property answer
answer
star 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>We are supporting and encouraging the Metals Sector, through the Metals Forum (an umbrella group of Trade Associations), on the development of a Metals Strategy; this will bring Metals into line with other important Foundation Industries such as Electronics and Chemicals which have already published strategies. This is expected to be published by the Metals Sector next spring.</p><p> </p><p> </p><p> </p><p>The Steel industry is strong in the UK, having achieved 23% growth in output since 2010[1], and has a sustainable long term future. High technology industries such as aerospace, automotive and construction all require high value, continually improving steel products in order to remain competitive.</p><p> </p><p> </p><p> </p><p>The Government works closely with the steel industry on a range of issues related to maintaining an internationally competitive steel sector in the UK. However, the EU State Aid rules limit what direct help can be offered to steel companies - R&amp;D, environmental protection and some training can be supported, but not operational aid.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><br /><p>[1] Source - Iron &amp; Steel Statistics Bureau (ISSB) .</p><p> </p><p> </p>
star this property answering member constituency West Suffolk remove filter
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-28T16:18:23.0565244Zmore like thismore than 2014-10-28T16:18:23.0565244Z
star this property answering member
4070
unstar this property label Biography information for Matt Hancock more like this
star this property tabling member
3914
star this property label Biography information for Shabana Mahmood more like this