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1146014

	registered interest
	date	25/09/2019
	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
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent meetings (a) Ministers and (b) Officials in her Department have had with businesses in the (i) automotive (ii) pharmaceutical (iii) retail and food sector businesses about the impact of leaving the EU without a deal on their businesses; and if she will make a statement.
	tabling member constituency	Garston and Halewood
	tabling member printed	Maria Eagle
	uin	290689
	answer	answer is ministerial correction date of answer 04/10/2019 answer text <p>Ministers and officials have regular engagement with a large number of businesses across all sectors, including from the automotive, pharmaceutical and retail and food sectors, to ensure they are prepared for the UK leaving the EU on the 31st October.</p><p>Ministers have hosted a regular series of roundtables both in Westminster and around the UK in recent months, where they have had the chance to speak to and hear directly from a wide range of businesses both large and small.</p><p>In order to help business prepare for exiting the EU on 31 October, the Government have come together to deliver a new series of 'One HMG' events, starting from Monday 16 September to 18 October. These roadshows will bring together expertise from across departments including BEIS, the Home Office, HMRC, DIT, DEFRA and DCMS, and combine interactive support and in-depth advice sessions to help business from all sectors and of all sizes get ready for Brexit. ​In addition to this, on 11<sup>th</sup> September, officials held an EU Exit Readiness forum with over 250 companies participating many of which were retailers.</p><p>A <del class="ministerial">£10m</del> <ins class="ministerial">£15m</ins> Business Readiness Fund for business organisations and trade associations will support businesses in preparing for a ‘No Deal’ Brexit ahead of 31 October 2019.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 04/10/2019 11:33:39 question first ministerially corrected 07/10/2019 20:32:09 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 137224 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	483 label Biography information for Maria Eagle

1148768

	registered interest
	date	14/10/2019
	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: Crawley
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent steps her Department has taken to support businesses in Crawley.
	tabling member constituency	Crawley
	tabling member printed	Henry Smith
	uin	165
	answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>The Government is committed to making the UK the best place to start and grow a business, ensuring all businesses have access to the advice and support they need<del class="ministerial"> to succeed to start, grow, and scale up their businesses</del>.</p><p> </p><p>All businesses can access core services, information and guidance on starting up and running a business, as well as their statutory rights and obligations, on our GOV.UK sites and <a href="http://www.gov.uk/browse/business" target="_blank">www.gov.uk/browse/business</a>. The Business Finance and Support Finder tool on the website provides information on how to access a wide range of Government-backed financial support for start-up businesses, such as funding and grant schemes. The Government backed British Business Bank (BBB), as of July 2019, has provided funding of £6.6bn to over 89,000 businesses. In addition, since 2012, the Start-Up Loans Company (now part of BBB) has delivered over 67,000 loans worth over £534m. In Crawley they have issued 99 loans since 2012, worth over £680,000.</p><p> </p><p>This Government continues to work with Local Enterprise Partnerships (LEPs) to drive forward local growth. Through three rounds of competitive Growth Deals, Government has invested over £9 billion of funding, including £304.3 million to Coast to Capital LEP, which covers Crawley, to empower local areas to reach their potential, boosting national productivity and growth.</p><p> </p><p>We have also supported and invested in the creation of a network of 38 Growth Hubs. Businesses in the Crawley constituency can access business advice through the Coast to Capital Growth Hub. Led and governed by the Coast to Capital LEP, the Growth Hub provides a free, impartial, ‘single point of contact’ to help businesses in the area identify and access the right support for them at the right time no matter their size or sector. This support includes helping businesses prepare for Brexit. In 2018-19 the Coast to Capital Growth Hub supported over 1,503 businesses and helped more than 313 individuals start a business.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 21/10/2019 16:11:37 question first ministerially corrected 22/10/2019 15:30:10 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 620 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	3960 label Biography information for Henry Smith

1170770

	registered interest
	date	14/01/2020
	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	Nissan: Import Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will publish the guarantees offered to Nissan with respect to tariffs upon the UK's exit from the EU.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	3200
	answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>The Political Declaration establishes the parameters for an ambitious and flexible partnership across trade and economic cooperation through a Free Trade Agreement with the EU<ins class="ministerial">.</ins> A key objective is to ensure that there are no tariffs, fees or quantitative restrictions across sectors, with modern and accompanying Rules of Origin, and ambitious customs arrangements.</p><p> </p><p>We have not offered guarantees to Nissan specifically with respect to tariffs.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 20/01/2020 16:39:38 question first ministerially corrected 20/01/2020 17:21:20 answering member 4113 label Biography information for Nadhim Zahawi previous answer version 1694 answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi answering member 4113 label Biography information for Nadhim Zahawi
	tabling member	4124 label Biography information for Chi Onwurah

1171538

	registered interest
	date	16/01/2020
	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	Climate Change Convention
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what cross-departmental structures have been put in place to ensure they deliver on their global climate change commitments at the COP26 Summit in 2020.
	tabling member printed	Baroness Jones of Whitchurch
	uin	HL509
	answer	answer is ministerial correction date of answer 22/01/2020 answer text <p>The Government has set up a COP26 Unit within Cabinet Office. This unit leads on the delivery of the COP26 Summit and it will coordinate across Government departments and devolved administrations to ensure COP26 objectives are met.</p><p><ins class="ministerial">The newly established Cabinet Committee on Climate Change will oversee preparations for COP26.</ins></p> answering member printed Lord Duncan of Springbank question first answered 22/01/2020 17:15:39 question first ministerially corrected 28/01/2020 12:10:18 answering member 4686 label Biography information for Lord Duncan of Springbank previous answer version 2350 answering member printed Lord Duncan of Springbank answering member 4686 label Biography information for Lord Duncan of Springbank
	tabling member	3792 label Biography information for Baroness Jones of Whitchurch

1175247

	registered interest
	date	22/01/2020
	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	Flexible Working
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what steps they have taken to (1) adopt the EU’s Work-life Balance Directive, (2) make paternity leave a day one right, (3) increase paternity pay, and (4) introduce eight weeks of paid parental leave as part of each parent’s current unpaid 18-week entitlement.
	tabling member printed	Baroness Lister of Burtersett
	uin	HL698
	answer	answer is ministerial correction date of answer 04/02/2020 answer text <p>The Government is committed to maintaining and enhancing workers’ rights, and to supporting people to balance their work and caring responsibilities. This month we laid regulations in Parliament which will give grieving parents a right to paid time off work. We also committed in the Queen’s Speech to bring forward an Employment Bill which will <del class="ministerial">make it easier for fathers to take paternity leave;</del> introduce a new entitlement to carer's leave; and <del class="ministerial">to</del> introduce a new entitlement to leave and pay for parents of children who spend time in neonatal care. <ins class="ministerial">Our manifesto committed to make it easier for fathers to take paternity leave; we</ins> <del class="ministerial">We</del> have recently consulted on high-level options for reforming parental leave and pay, including Paternity Leave and Pay and Unpaid Parental Leave, and will respond to this consultation in due course.</p><p> </p><p>After we leave the EU, we will be able to set our own standards for workers’ rights, and we intend to use this opportunity to make the UK the best place in the world to work.</p> answering member printed Lord Duncan of Springbank question first answered 04/02/2020 14:00:05 question first ministerially corrected 07/02/2020 14:40:17 answering member 4686 label Biography information for Lord Duncan of Springbank previous answer version 4655 answering member printed Lord Duncan of Springbank answering member 4686 label Biography information for Lord Duncan of Springbank
	tabling member	4234 label Biography information for Baroness Lister of Burtersett

1184147

	registered interest
	date	10/03/2020
	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	Manufacturing Industries
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans, if any, they have to encourage businesses to manufacture goods and components and source supplies in the UK.
	tabling member printed	Lord Blencathra
	uin	HL2414
	answer	answer is ministerial correction date of answer 25/03/2020 answer text <p><del class="ministerial">The UK’s manufacturing sector plays a vital role in the UK economy through driving innovation, exports, job creation and productivity growth. The Government is taking steps to help drive increased competitiveness in UK manufacturing to anchor investment and production. This includes,</del></p><p> </p><ul><li><del class="ministerial">increasing the Annual Investment Allowance to £1m until the end of this year to help manufacturers make the investments in capital equipment that can support their increased competitiveness;</del></li><li><del class="ministerial">and investing £26m over three years to support aerospace and automotive supply chains through the National Manufacturing Competitiveness Levels programme.</del></li></ul><p> </p><p><del class="ministerial">We are also helping UK manufacturers build on their strengths in innovation. Through the Industrial Strategy Challenge Fund, we have invested £2.5 billion to drive cutting-edge research and innovation, from world-leading battery design to new light-weight composite materials. We are investing up to £167m into Made Smarter, the UK’s national industrial digitalisation programme, to boost manufacturing productivity through the development and adoption of cutting-edge digital technology.</del></p><p> </p><p><del class="ministerial">Furthermore, the 2020 Budget announced the UK’s largest and fastest expansion of support for R&amp;D across the economy, with spending set to reach £22bn by 2024/2025 and businesses receiving an increase in R&amp;D tax credit from 12% to 13%. To help ensure this investment in research and innovation also helps anchor production in the UK, we have invested over £350m in the High Value Manufacturing Catapult network to support the commercialisation of new manufacturing technologies, and we will be investing £600m more by the end of 2023.</del></p><p> </p><p><del class="ministerial">However, in these difficult and unprecedented times of the coronavirus outbreak, the Government is doing everything it can to tackle the pandemic; to mitigate its impacts and protect jobs so that manufacturers can continue to provide essential goods and services.</del></p><p> </p><p><del class="ministerial">An unprecedented package of support has been announced for business and workers to protect against the economic emergency caused by the coronavirus.</del></p><p> </p><p><del class="ministerial">The Government has made available an initial £330 billion of loans and guarantees – equivalent to 15% of UK GDP to support firms and help them manage cashflows through this period. The Coronavirus Business Interruption Loan Scheme (CBILS), delivered by the British Business Bank, went live on 23 March 2020 and will support smaller businesses, including unincorporated businesses such as partnerships and sole traders. Full guidance, including eligibility criteria has been published here on the British Business Bank's website:</del></p><p><del class="ministerial"><a href="https://eur02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.british-business-bank.co.uk%2Fcbils&amp;data=02%7C01%7CCarol.Wheeler%40beis.gov.uk%7Cb8ca66790add4e3e513308d7cf0725d8%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C637205501909420842&amp;sdata=yX94ghL1q7ef%2Bsdvq5jqXZxiJJ5qoEXzzzyHH%2BX6ydg%3D&amp;reserved=0" target="_blank">www.british-business-bank.co.uk/cbils</a>.</del></p><p> </p><p><ins class="ministerial">The UK’s manufacturing sector plays a vital role in the UK economy by driving innovation, exports, job creation, and productivity. The Government is taking steps to help drive increased competitiveness in UK manufacturing to anchor investment and production. This includes:</ins></p><p><ins class="ministerial"> </ins></p><ul><li><ins class="ministerial">Increasing the Annual Investment Allowance to £1 million until the end of this year. This will help manufacturers make the investments in capital equipment that can support their increased competitiveness.</ins></li><li><ins class="ministerial">Investing £26 million over 3 years to support aerospace and automotive supply chains through the National Manufacturing Competitiveness Levels programme.</ins></li></ul><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">Through the Industrial Strategy Challenge Fund, we have invested £2.5 billion to drive cutting-edge research and innovation, from world-leading battery design to new light-weight composite materials. We are investing up to £167 million into Made Smarter, the UK’s national industrial digitalisation programme, to boost manufacturing productivity through the development and adoption of cutting-edge digital technology.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">Furthermore, the Chancellor announced at the 2020 Budget the UK’s largest and fastest expansion of support for research and development (R&amp;D) across the economy. Spending is set to reach £22 billion by 2024/2025 and businesses will receive an increase in R&amp;D tax credit from 12% to 13%. To ensure this investment in R&amp;D also helps anchor production in the UK, we have invested over £350 million in the High Value Manufacturing Catapult network to support the commercialisation of new manufacturing technologies. We will be investing a further £600 million by the end of 2023.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">It is worth noting that in these difficult and unprecedented times, caused by the Coronavirus outbreak, we are focusing all efforts on tackling the pandemic. This includes mitigating its impacts by protecting jobs, so manufacturers can continue to provide essential goods and services.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">An unprecedented package of support has been announced for businesses and workers to protect against the economic emergency caused by the Coronavirus.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">The Government has made an initial £330 billion of loans and guarantees available, which is equivalent to 15% of UK GDP, to support firms and help them manage cashflows through this period. The Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, went live on 23 March. It will support smaller businesses, including unincorporated businesses such as partnerships and sole traders. Full guidance and eligibility criteria can be found at: <a href="https://eur02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.british-business-bank.co.uk%2Fcbils&amp;data=02%7C01%7CCarol.Wheeler%40beis.gov.uk%7Cb8ca66790add4e3e513308d7cf0725d8%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C637205501909420842&amp;sdata=yX94ghL1q7ef%2Bsdvq5jqXZxiJJ5qoEXzzzyHH%2BX6ydg%3D&amp;reserved=0" target="_blank">www.british-business-bank.co.uk/cbils</a>. </ins></p> answering member printed Lord Callanan question first answered 25/03/2020 15:47:16 question first ministerially corrected 25/03/2020 16:26:41 answering member 4336 label Biography information for Lord Callanan previous answer version 14749 answering member printed Lord Callanan answering member 4336 label Biography information for Lord Callanan
	tabling member	497 label Biography information for Lord Blencathra

1201294

	registered interest
	date	08/06/2020
	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	Manufacturing Industries: Carbon Emissions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what additional (a) support and (b) funding the Government plans to provide to the manufacturing industry sector to help that sector achieve carbon neutral status.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	56205
	answer	answer is ministerial correction date of answer 16/06/2020 answer text <p>While we are rightly focusing on taking action to tackle the immediate Covid-19 crisis, we continue to prioritise efforts to deal with the serious challenges of climate change.</p><p> </p><p>The Government remains committed to achieving net zero emissions by 2050. We will continue backing this objective by funding programmes that accelerate the shift to electrification. For example, the Faraday Challenge is providing £274 million to ensure the UK leads the world in the design, development, and manufacture of batteries for the electrification of vehicles.</p><p> </p><p>The 2017 Made Smarter Review highlighted the economic <del class="ministerial">(£455bn GVA + 175,000 jobs)</del><ins class="ministerial">and</ins> environmental opportunities <del class="ministerial">(4.5% reduction in CO2 emissions)</del> for the UK’s manufacturing sector until 2027. This includes £455 billion Gross Value Added, the creation of 175,000 jobs, and a 4.5% reduction in CO2 emissions. The development of low carbon technologies will benefit the UK economy, as well as reduce carbon emissions, including through the creation of new jobs.</p><p> </p><p>We will establish the world’s first net zero carbon industrial cluster by 2040 and at least one low carbon cluster by 2030. This is the second mission under the Clean Growth Grand Challenge, launched in December 2018, and is the most relevant to those manufacturing industries that often co-locate in clusters. UK Research &amp; Innovation is delivering up to £170 million to support the deployment of low carbon technologies in one or more clusters.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 16/06/2020 15:49:47 question first ministerially corrected 16/06/2020 17:26:02 answering member 4113 label Biography information for Nadhim Zahawi previous answer version 29396 answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi answering member 4113 label Biography information for Nadhim Zahawi
	tabling member	4866 label Biography information for Alexander Stafford

1203724

	registered interest
	date	15/06/2020
	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	Tidal Power: Swansea Bay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his Answer of 9 June 2020 to Question 51817 on Tidal Power: Swansea Bay, what range of hurdle rates, comparable to those more established renewable energy technologies, such as solar PV, onshore wind and large hydropower, were used for the Swansea Bay tidal lagoon value for money assessment.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	59410
	answer	answer is ministerial correction date of answer 23/06/2020 answer text <p>The hurdle rates applied across the portfolio of tidal lagoons in the Department’s value for money assessment[1] are shown in Table 1. The hurdle rates for other low carbon technologies estimated at the time of the value for money assessment are shown in Table 2.</p><p> </p><p><strong>Table 1: Range of hurdle rates applied to proposed programme of tidal lagoons<strong>[2]</strong></strong></p><table><tbody><tr><td><p><strong>Hurdle Rate Scenario</strong></p></td><td><p><strong>Hurdle rate </strong>(real terms, pre-tax)</p></td></tr><tr><td><p>Low</p></td><td><p>6.2%</p></td></tr><tr><td><p>Central</p></td><td><p>8.0%</p></td></tr><tr><td><p>High</p></td><td><p><del class="ministerial">9.2%</del><ins class="ministerial">9.0%</ins></p></td></tr></tbody></table><p> </p><p><strong>Table 2: Selected hurdle rates for other low carbon technologies </strong>(up to date at time the assessment was undertaken)[3]</p><table><tbody><tr><td><p><strong>Technology</strong></p></td><td><p><strong>Hurdle rate </strong>(real terms, pre-tax)</p></td></tr><tr><td><p>Onshore wind</p></td><td><p>6.7%</p></td></tr><tr><td><p>Offshore wind</p></td><td><p>8.9%</p></td></tr><tr><td><p>Solar PV (&gt;5MW)</p></td><td><p>6.5%</p></td></tr><tr><td><p>Nuclear</p></td><td><p>8.9%</p></td></tr><tr><td><p>Gas with CCUS (first of a kind)</p></td><td><p>11.3%</p></td></tr><tr><td><p>Hydro (&gt;5MW)</p></td><td><p>6.9%</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p><em>[1] Available at: www.gov.uk/government/publications/swansea-bay-tidal-lagoon-value-for-money-assessment</em></p><p><em>[2] Source: BEIS commercial advisory</em></p><p><em>[3] Source: BEIS Electricity Generation Costs Report (2016), available at: www.gov.uk/government/publications/beis-electricity-generation-costs-november-2016</em></p><p> </p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 23/06/2020 10:20:49 question first ministerially corrected 26/06/2020 13:35:17 answering member 4134 label Biography information for Kwasi Kwarteng previous answer version 31135 answering member constituency Spelthorne answering member printed Kwasi Kwarteng answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	3926 label Biography information for Paul Maynard

1219351

	registered interest
	date	30/06/2020
	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: Research
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the distribution of Government funding to support innovation in research-intensive businesses during and after the covid-19 outbreak, what proportion of the £750million grant package will be allocated to businesses (a) not in receipt of Innovate UK grants and (b) in receipt of Innovate UK grants.
	tabling member constituency	Edinburgh North and Leith
	tabling member printed	Deidre Brock
	uin	66895
	answer	answer is ministerial correction date of answer 06/07/2020 answer text <p>On 20th April, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced a £1.25 billion coronavirus package to protect firms driving innovation in the UK. This included £750 million of targeted support for the most R&amp;D intensive small and medium size firms which will be available through Innovate UK’s grants and loan scheme.</p><p> </p><p>The Government has since confirmed that up to £500 million of this is for existing customers including £20<ins class="ministerial">0</ins> million of accelerated payments and up to £30<ins class="ministerial">0</ins> million for continuity grants and loans. £20 million of the remainder has been used to double the number of businesses receiving funding through the Innovate UK call for business led innovation in response to the crisis which was open to new customers. Over 800 companies have been successful in this competition. Innovate UK has also allocated up to £39 million to increase the business advisory support services available new and existing high-growth potential SMEs.</p><p> </p><p>The final part of this package was announced on the 27<sup>th</sup> June. The £191 million Sustainable Innovation Fund is open to new customers to help cutting-edge companies of all sizes recover, grow, and drive a re-building economy as well as support new green innovations, unleashing the sustainable industries of the future along the way.</p><p> </p><p>Beyond the Fast-Response competition, it is currently too early to state the number of businesses that have accessed this funding</p> answering member constituency Derby North answering member printed Amanda Solloway question first answered 06/07/2020 16:17:26 question first ministerially corrected 31/07/2020 09:21:23 answering member 4372 label Biography information for Amanda Solloway previous answer version 34988 answering member constituency Derby North answering member printed Amanda Solloway answering member 4372 label Biography information for Amanda Solloway
	tabling member	4417 label Biography information for Deidre Brock

1240476

	registered interest
	date	05/10/2020
	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	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much the Government has received from its share of the surplus from the Mineworkers' Pension Scheme since the surplus-sharing arrangement was agreed.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	99079
	answer	answer is ministerial correction date of answer 08/10/2020 answer text <p>Since the agreement was reached in 1994, the Government has received £3,<del class="ministerial">4</del><ins class="ministerial">1</ins>11.8m as its share of surpluses. This is in return for the provision of the guarantee that ensures pensions are paid. The guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 08/10/2020 16:56:38 question first ministerially corrected 15/04/2021 16:22:57 answering member 4134 label Biography information for Kwasi Kwarteng previous answer version 52992 answering member constituency Spelthorne answering member printed Kwasi Kwarteng answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock