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100096
registered interest false more like this
date less than 2014-10-21more like thismore than 2014-10-21
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Manufacturing Industries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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
tabling member constituency Coventry South more like this
tabling member printed
Mr Jim Cunningham more like this
uin 211366 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-28more like thismore than 2014-10-28
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>
answering member constituency West Suffolk remove filter
answering member printed Matthew Hancock more like this
question first answered
remove filter
answering member
4070
label Biography information for Matt Hancock more like this
tabling member
308
label Biography information for Mr Jim Cunningham more like this