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1130249

	registered interest
	date	05/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	British Steel: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they estimate they will cease to provide financial support to British Steel; whether a specific event will trigger the end of that support; and whether that support will terminate when the Official Receiver has completed their work.
	tabling member printed	Lord Myners
	uin	HL16110
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The immediate priority following the Official Receiver’s appointment as liquidator of British Steel Limited was to continue the safe operation of the sites while options are considered. To enable this, the Government has provided an indemnity to the Official Receiver, who is now responsible for the operations.</p><p> </p><p>The Official Receiver is currently overseeing a sales process as they seek to sell the business. Trading will continue whilst a buyer is sought.</p><p> </p> answering member printed Lord Henley question first answered 19/06/2019 11:33:12 answering member 2616 label Biography information for Lord Henley
	tabling member	3869 label Biography information for Lord Myners

1130251

	registered interest
	date	05/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	British Steel: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they plan to take any action to persuade Greybull Capital and its associates to contribute any gains made from its (1) investment in, and (2) loans to, British Steel towards reducing (a) the deficit of the British Steel Pension Scheme, and (b) the impact of British Steel's collapse on past and present employees.
	tabling member printed	Lord Myners
	uin	HL16112
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The Official Receiver was appointed liquidator of British Steel Limited. In his role as liquidator, the Official Receiver is under a statutory duty to investigate the cause of failure of the company and generally its business, dealings and affairs and has wide-ranging powers to obtain information, material, and explanations.</p><p> </p><p>My rt. hon. Friend the Secretary of State wrote to the Insolvency Service on 22 May requesting that the Official Receiver’s investigation not only looks at the conduct of the directors immediately prior to and at insolvency, but also at the investments made in the company, value transferred out of the company and whether any action by directors has caused detriment to creditors or to the pension schemes.</p><p> </p> answering member printed Lord Henley question first answered 19/06/2019 11:33:53 answering member 2616 label Biography information for Lord Henley
	tabling member	3869 label Biography information for Lord Myners

1130842

	registered interest
	date	10/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Takeovers: Conflict of Interests
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 20 May (HL15640), whether they have reviewed the decision-making processes in investment institutions which hold equity investments in both the offeror and the offeree in a takeover situation but on behalf of different clients and where a particular outcome might favour one group of clients over another .
	tabling member printed	Lord Myners
	uin	HL16209
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>Asset managers act as agents of investors in their funds. They are required to manage their funds in the best interests of all of their fund investors and to appropriately avoid, manage and disclose conflicts of interests that could, and do arise between different investor groups. This is a requirement of Markets in Financial Instruments Directive II (MiFID II).</p><p> </p><p>Asset managers should have policies, procedures and governance in place to effectively manage any conflicts arising from their stewardship obligations.</p><p> </p><p>The FCA has recently published a Policy Statement (PS 19/13) ‘Proposals to promote shareholder engagement: Feedback to CP 19/7 and final rules.’ This sets out final rules to implement requirements of the Revised Shareholder Rights Directive (SRD II). SRD II introduced new requirements to improve shareholder engagement and increase transparency around stewardship. The rules came into effect on 10 June 2019 requiring asset managers to disclose and make publicly available their policies on how they engage with the companies they invest in. They also require asset managers to provide certain information to institutional investors, including occupational pension schemes. The new rules are designed to foster stewardship, and better stewardship should lead to better decision making in relation to mergers and acquisitions.</p> answering member printed Lord Henley question first answered 19/06/2019 16:42:37 answering member 2616 label Biography information for Lord Henley
	tabling member	3869 label Biography information for Lord Myners

1130858

	registered interest
	date	10/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Motor Vehicles: Manufacturing Industries
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to increase productivity in the UK automotive sector.
	tabling member printed	Lord Taylor of Warwick
	uin	HL16225
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>The UK already has one of the most productive automotive sectors in the world. In 2018 productivity levels in the sector were at £100,600/employee, a real term increase of 4.6% over 2017, and 42% higher than overall UK manufacturing productivity. The Government has a long-standing programme of support to maintain the productivity and competitiveness of the UK automotive sector. Through our Industrial Strategy and landmark Automotive Sector Deal, we are placing the UK at the forefront of new automotive technology development.</p><p> </p><p>The Sector Deal includes £32 million of joint funding for an industry-led supply chain competitiveness programme to help improve productivity in the UK supply chain and assure international competitiveness.</p><p> </p><p>We are determined to ensure that the UK continues to be one of the most competitive locations in the world for the automotive sector. BEIS Ministers and officials regularly engage with the automotive industry, including bilaterals with manufacturers, interactions via trade associations, and through the Department’s participation in the Automotive Council.</p> answering member printed Lord Henley question first answered 24/06/2019 11:35:25 answering member 2616 label Biography information for Lord Henley
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1131470

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they will publish their response to Creating a responsible payment culture: a call for evidence on tackling late payment, which closed 29 November 2018; and why it has not yet been published when Cabinet Office Government Consultation Principles state that responses to consultations should be published within 12 weeks of the consultation closing.
	tabling member printed	Lord Mendelsohn
	uin	HL16264
	answer	answer is ministerial correction date of answer 25/06/2019 answer text <p>The Creating a Responsible Payment Culture Call for Evidence received nearly 300 responses from a wide range of businesses, trade associations and individuals. This is the highest number of responses to a public consultation on this issue.</p><p> </p><p>It is important that have given those representations the consideration they deserve and use them to inform the action we will take on this important issue.</p><p> </p><p>The Government Response will be published shortly.</p> answering member printed Lord Henley question first answered 25/06/2019 13:04:09 answering member 2616 label Biography information for Lord Henley
	tabling member	4286 label Biography information for Lord Mendelsohn

1131473

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Greenhouse Gas Emissions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 16 April (HL15075), what proportion of their £8.6 million Greenhouse Gas Removal research programme with UK Research and Innovation is targeted at the removal of greenhouses gasses other than carbon dioxide.
	tabling member printed	Lord Mendelsohn
	uin	HL16267
	answer	answer is ministerial correction date of answer 25/06/2019 answer text <p>This information is publicly available on the Natural Environment Research Council website, from which the full list of projects funded by the Greenhouse Gas Removal research programme is provided in the attached document. One of the 13 projects is targeted at gasses other than carbon dioxide, specifically on new methodologies for removal of methane from the atmosphere. This project is receiving £223,782 in funding, or 3% of the programme total.</p> answering member printed Lord Henley question first answered 25/06/2019 13:05:01 answering member 2616 label Biography information for Lord Henley attachment 1 file name GGR programme project list.pdf title Projects funded by the GGR research programme
	tabling member	4286 label Biography information for Lord Mendelsohn

1131475

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	British Steel: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 22 May (HL15809), whether the review and assessment process followed by the British Business Bank also applied to the process supporting their grant of a £120 million loan to British Steel; and whether that process included a review of the (1) capital structure, (2) tax planning, and (3) managerial record, of Greybull Capital and its associates.
	tabling member printed	Lord Myners
	uin	HL16269
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>The British Business Bank was not involved.</p> answering member printed Lord Henley question first answered 20/06/2019 11:30:04 answering member 2616 label Biography information for Lord Henley
	tabling member	3869 label Biography information for Lord Myners

1131479

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	British Steel: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 6 June (HL15957), whether the placement of British Steel in receivership on 25 May (1) disqualifies that company from receiving, or (2) places it at risk of not receiving, 2019 carbon credits; if so, what are the implications for the £120 million loan they made to British Steel; and whether they will now answer the original question put, namely, whether that loan was guaranteed by Greybull Capital or related parties.
	tabling member printed	Lord Myners
	uin	HL16273
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>The Deed of Forfeiture bridge facility agreed between Government and British Steel Limited provides legal protections to give Government control of 2019 EU ETS allowances, even under the scenario of insolvency.</p><p> </p><p>Under the Deed of Forfeiture agreed between the company and British Steel Limited, the company’s 2019 allowances will be assigned to the Government once issued, and the proceeds from selling these is expected to cover the costs of purchasing the allowances. Greybull are not party to this Deed of Forfeiture, and as a result of the liquidation, day-to-day control has passed to the liquidator of British Steel Limited.</p><p> </p><p>The terms of the commercial agreement between Government and British Steel are set out in letters from the Permanent Secretary of the Department for Business, Energy and Industrial Strategy to the Chair of the Public Accounts Committee and the Comptroller &amp; Auditor General, copies of which have been placed in the Libraries of both Houses.</p> answering member printed Lord Henley question first answered 20/06/2019 11:29:54 answering member 2616 label Biography information for Lord Henley
	tabling member	3869 label Biography information for Lord Myners

1131489

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Draft Registration of Overseas Entities Bill
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when they intend to introduce the Registration of Overseas Entities Bill.
	tabling member printed	Baroness Stern
	uin	HL16283
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The Government published a Draft Registration of Overseas Entities Bill on 23 July 2018.</p><p> </p><p>A Joint Committee was appointed to consider and report on the Draft Bill. The Committee made recommendations in a report to both Houses, published on 20 May 2019. The Government welcomes the Committee’s thorough and helpful scrutiny of the Bill. We are considering their recommendations and will publish a response in due course.</p><p> </p><p>The Government intends to introduce the Bill to Parliament early in the second session. Following Royal Assent and the making of secondary legislation, the Government anticipates that the register will be operational in 2021.</p> answering member printed Lord Henley question first answered 19/06/2019 16:41:36 answering member 2616 label Biography information for Lord Henley
	tabling member	2475 label Biography information for Baroness Stern

1131490

	registered interest
	date	11/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Shopping Centres
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to support businesses increase footfall in shopping centres.
	tabling member printed	Lord Taylor of Warwick
	uin	HL16284
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The Retail Sector is changing, we are committed to helping communities adapt and support the retail sector during this change. The Government and the retail sector recognise that action is needed to ensure the sector thrives. The creation of the Retail Sector Council demonstrates this commitment to the continued success of the retail sector.</p><p>In Budget 2018, we set out Our Plan for the High Street, a £1.6bn package to support the sustainable transformation of our high streets, including a £675m Future High Streets Fund and a High Streets Task Force to support local leadership.</p> answering member printed Lord Henley question first answered 19/06/2019 16:41:54 answering member 2616 label Biography information for Lord Henley
	tabling member	1796 label Biography information for Lord Taylor of Warwick