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1144183

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March.
	tabling member printed	Lord Mendelsohn
	uin	HL17671
	answer	answer is ministerial correction date of answer 09/09/2019 answer text The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts. answering member printed The Earl of Courtown question first answered 09/09/2019 15:37:41 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4286 label Biography information for Lord Mendelsohn

1306396

	registered interest
	date	25/03/2021
	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: Investment
	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 steps his Department is taking to boost business investment in (a) Coventry North East constituency, (b) Coventry, (c) the West Midlands and (d) England.
	tabling member constituency	Coventry North East
	tabling member printed	Colleen Fletcher
	uin	175894
	answer	answer is ministerial correction date of answer 13/04/2021 answer text <p>We aim to make the UK the best place in the world to start, run and grow a business. The Government provides a wide range of support and information for small businesses including on the GOV.UK website. Free and impartial advice is also available via the Business Support Helpline on FREEPHONE 0800 998 1098 and via the network of 38 local Growth Hubs in England.</p><p> </p><p>The Start Up Loans Programme, part of the Government-backed British Business Bank, offers loans up to £25,000, repayable at 6% per annum across 1-5 years. Across the UK, 81,608 loans have been made, worth over £707.6m from the programme’s launch in 2012 to the end of February 2021.</p><p> </p><p>Over the same period, in the Coventry North East constituency, 136 loans have been made worth £1,120,379. In the Coventry City Council area, 377 loans have been made to a value of £3,436,907. In England, 71,207 loans have been made worth £617,745,993.<sup><sup>[1]</sup></sup></p><p> </p><p>My Rt. Hon. Friend Mr Chancellor of the Exchequer has announced that a further £5bn is being made available through Restart Grants to help businesses as Covid-19 restrictions are lifted. This means a total of £25bn has been allocated to direct business grants during the course of the pandemic.</p><p> </p><p>The Coventry and Warwickshire Local Enterprise Partnership (LEP) self-reported that in 2019-20, its Growth Hub engaged with 66,452 businesses/individuals (including via digital channels); directly supported 1,798 businesses, of which 77 received over 12 hours of high-level support; and helped 648 individuals start a business.</p><p> </p><p>Coventry and Warwickshire Local Enterprise Partnership (LEP) have benefitted from £131.84m in Local Growth Fund, over 3 Growth Deals, and the investments have secured over £28m in private sector investment. The LEP are also working with local partners to develop and implement a newly focused, partnership-led Strategic Framework to reset the local economy for a successful, inclusive, and resilient future. The LEP are committed to driving activities to minimise the negative economic impacts of Covid-19 in Coventry and Warwickshire. This includes the Growth Hub, which offers one-to-one advice and ongoing support to local businesses.</p><p> </p><p>Coventry has also received over £8m funding to support it as the City of Culture 2021. The City of Culture events in Coventry are due to start in May of this year, which will benefit the city in many ways. In previous years this has included increases in investors opening new businesses and more opportunities to support the local community.</p><p> </p><p>The Government’s new ‘Help to Grow’ scheme will help small businesses across the UK learn new skills, reach new customers, and boost profits. Help to Grow: Management will provide intensive management skills support to 30,000 small businesses whilst Help to Grow: Digital could support 100,000 small businesses with online advice and a voucher for software costs. BEIS will be engaging with stakeholders shortly but businesses can register their interest now at <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhelptogrow.campaign.gov.uk%2F&amp;data=04%7C01%7CBenjamin.Dixon%40communities.gov.uk%7C054f8db782054238f0f908d8f04290ac%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637523515973118091%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=QEhz9RnnA7kk9PhOy%2FfjyszD1AZ9BMT63Ivqe3VBggg%3D&amp;reserved=0" target="_blank">https://helptogrow.campaign.gov.uk/</a>.</p><p> </p><p><em>[1] Figures do not include regions not able to be specified. For these regions,113 loans were made worth 1,205,641 since 2012 to end February 2021.</em></p><p> </p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 13/04/2021 08:51:39 answering member 4414 label Biography information for Paul Scully
	tabling member	4378 label Biography information for Colleen Fletcher

1418403

	registered interest
	date	31/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to encourage businesses to invest.
	tabling member constituency	Crewe and Nantwich
	tabling member printed	Dr Kieran Mullan
	uin	114987
	answer	answer is ministerial correction date of answer 08/02/2022 answer text <p>Under the super-deduction, from April 2021 until the end of March 2023, companies can claim a 130% capital allowance on qualifying plant and machinery investments. It is the biggest two-year business tax cut in modern British history.</p><p> </p><p>At Budget, the Government announced that the temporary £1 million Annual Investment Allowance level would be extended until the end of March 2023.</p><p> </p><p>These measures provide more upfront support to help businesses across the UK invest and grow.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 08/02/2022 13:43:45 answering member 4527 label Biography information for Helen Whately
	tabling member	4860 label Biography information for Dr Kieran Mullan

1419142

	registered interest
	date	02/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to encourage businesses to invest.
	tabling member constituency	Stockton South
	tabling member printed	Matt Vickers
	uin	117105
	answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>Under the super-deduction, from April 2021 until the end of March 2023, companies can claim a 130% capital allowance on qualifying plant and machinery investments. It is the biggest two-year business tax cut in modern British history.</p><p> </p><p>At Budget, the Government announced that the temporary £1 million Annual Investment Allowance level would be extended until the end of March 2023.</p><p> </p><p>These measures provide more upfront support to help businesses across the UK invest and grow.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 10/02/2022 14:53:00 answering member 4527 label Biography information for Helen Whately
	tabling member	4844 label Biography information for Matt Vickers

1503455

	registered interest
	date	02/09/2022
	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: Investment
	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 steps his Department is taking to help ensure that (a) venture capital and (b) private equity firms continue to invest in (i) small and medium size enterprises and (ii) other British businesses.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	45164
	answer	answer is ministerial correction date of answer 21/09/2022 answer text <p>Through the British Business Bank (BBB), the UK’s largest venture capital investor, the Department helps to ensure access to investment for businesses throughout the United Kingdom.</p><p> </p><p>The BBB invests in well-established funds through British Patient Capital and in new fund managers through its Enterprise Capital Funds programme. The BBB also co-invests directly in companies alongside private investors through Future Fund: Breakthrough. These interventions, together with a supportive tax and regulatory environment, help to maintain the UK’s finance ecosystem as the most mature and successful in Europe.</p> answering member constituency Watford answering member printed Dean Russell question first answered 21/09/2022 16:52:46 answering member 4812 label Biography information for Dean Russell
	tabling member	4866 label Biography information for Alexander Stafford

1564173

	registered interest
	date	06/01/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Spring Statement Tax Plan published on 23 March 2022, if he will publish a summary of the discussions he has had with businesses on investment incentives.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	117812
	answer	answer is ministerial correction date of answer 11/01/2023 answer text <p>There are currently no plans to publish a summary of the engagement following the Spring Statement. Any changes to tax policy would be a matter for future Budgets and it would not be appropriate to comment on tax measures at this stage of the policy development cycle.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 11/01/2023 16:38:38 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4797 label Biography information for James Murray

1461109

	registered interest
	date	10/05/2022
	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: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to encourage investment in businesses based in the (1) North East, (2) East Midlands, and (3) North West of England.
	tabling member printed	Lord Taylor of Warwick
	uin	HL111
	answer	answer is ministerial correction date of answer 23/05/2022 answer text <p>The £1.4bn Global Britain Investment Fund will drive investment in industries where the UK has both natural strengths and geographic spread. This includes in the automotive sector, which has regional clusters in the West Midlands, North West and North East; the life sciences sector, where currently two thirds of manufacturing jobs are already located outside of London and the South East; as well as the offshore wind sector, which is generating new investment in coastal communities in the North East and East of England as well as in Scotland and Wales.</p> answering member printed Lord Callanan question first answered 23/05/2022 11:34:55 answering member 4336 label Biography information for Lord Callanan
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1131491

	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: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the report by KPMG 2018 Global CEO Outlook: UK, published on 11 June, in regard to business investment in the UK after Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL16285
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>The report concluded that uncertainty had weakened CEOs’ confidence in their own country’s growth prospects since the 2017 report; which fell in 6 of the 11 top economies surveyed.</p><p>In the 2019 KPMG report, confidence in the UK economy improved and was matched in official statistics by a 0.5% expansion in business investment in the first quarter of 2019, according to the ONS ‘GDP first quarterly estimate’.</p><p> </p> answering member printed Lord Henley question first answered 19/06/2019 16:42:10 answering member 2616 label Biography information for Lord Henley
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1544592

	registered interest
	date	22/11/2022
	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: Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made a recent assessment of the potential impact of levels of business investment on levels of (a) regional and (b) local equality.
	tabling member constituency	York Central
	tabling member printed	Rachael Maskell
	uin	93573
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>The Office for National Statistics (ONS) produces UK estimates of Gross Fixed Capital Formation (GFCF), a measure of capital investment in the UK. In May 2022, a set of experimental statistics were published mapping the regional distribution of UK GFCF[1].</p><p> </p><p>There is no recent assessment of the potential impact of levels of business investment on levels of regional or local equality.</p><p> </p><p><em>[1] Experimental regional gross fixed capital formation (GFCF) estimates by asset type, ONS</em></p><p> </p> answering member constituency Thirsk and Malton answering member printed Kevin Hollinrake question first answered 30/11/2022 17:05:44 answering member 4474 label Biography information for Kevin Hollinrake
	tabling member	4471 label Biography information for Rachael Maskell

1403450

	registered interest
	date	17/01/2022
	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: Investment
	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 assessment his Department has made of the implications for its policies of the levels of business investment in Q3 of 2021 reported by the Office for National Statistics; and what steps his Department is taking to support business investment.
	tabling member constituency	Feltham and Heston
	tabling member printed	Seema Malhotra
	uin	105544
	answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>The ONS data to which the member is referring shows at 2.6% increase in business investment versus the same quarter the previous year, which shows that the Government’s approach is delivering a strong economic recovery.</p><p> </p><p>BEIS works to support business investment through a range of different measures including several sector focused funds, such as the £1.4bn Global Britain Investment Fund, which provides grant support to businesses within the automotive, life sciences and offshore wind sectors. The department has laid out a strategy to deliver Net Zero by 2050, which includes leveraging £90bn in private investment. At the last Budget and Spending Review the Government made a £1.6 billion commitment to a new generation of regional funds via the British Business Bank’s programmes. The Government will also provide funding for 33,000 Start Up Loans over the next three years.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 25/01/2022 17:13:39 answering member 4414 label Biography information for Paul Scully
	tabling member	4253 label Biography information for Seema Malhotra