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100083

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	UK Export Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance export insurance scheme have been small to medium sized enterprises in each of the last five years.
tabling member constituency	Glasgow North
tabling member printed	Ann McKechin
uin	211331
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 211332 211333 211334 211335 question first answered 27/10/2014 14:39:53 answering member 4070 label Biography information for Matt Hancock previous answer version 24212 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	1419 label Biography information for Ann McKechin

100084

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	UK Export Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance export working capital scheme have been small to medium sized enterprises in each of the last five years.
tabling member constituency	Glasgow North
tabling member printed	Ann McKechin
uin	211332
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 211331 211333 211334 211335 question first answered 27/10/2014 14:39:53 answering member 4070 label Biography information for Matt Hancock previous answer version 24211 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	1419 label Biography information for Ann McKechin

100085

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	UK Export Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance supplier credit facility have been small to medium sized enterprises in each of the last five years.
tabling member constituency	Glasgow North
tabling member printed	Ann McKechin
uin	211333
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 211331 211332 211334 211335 question first answered 27/10/2014 14:39:53 answering member 4070 label Biography information for Matt Hancock previous answer version 24213 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	1419 label Biography information for Ann McKechin

100086

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	UK Export Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance letter of credit guarantee scheme have been small to medium sized enterprises in each of the last five years.
tabling member constituency	Glasgow North
tabling member printed	Ann McKechin
uin	211334
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 211331 211332 211333 211335 question first answered 27/10/2014 14:39:54 answering member 4070 label Biography information for Matt Hancock previous answer version 24215 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	1419 label Biography information for Ann McKechin

100087

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	UK Export Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance buyer credit facility of credit guarantee scheme have been small to medium sized enterprises in each of the last five years.
tabling member constituency	Glasgow North
tabling member printed	Ann McKechin
uin	211335
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2009/10</p></td><td><p>2010/11</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td></tr><tr><td><p>Buyer Credit</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>11%</p></td><td><p>7%</p></td></tr><tr><td><p>Bond Support Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>67%</p></td><td><p>78%</p></td><td><p>91%</p></td></tr><tr><td><p>Export Insurance Policy</p></td><td><p>20%</p></td><td><p>75%</p></td><td><p>75%</p></td><td><p>54%</p></td><td><p>63%</p></td></tr><tr><td><p>Export Working Capital Scheme*</p></td><td><p>-</p></td><td><p>-</p></td><td><p>0%</p></td><td><p>83%</p></td><td><p>100%</p></td></tr><tr><td><p>Letter of Credit Guarantee Scheme</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>0%</p></td><td><p>50%</p></td></tr><tr><td><p>Supplier Credit Facility</p></td><td><p>0%</p></td><td><p>50%</p></td><td><p>29%</p></td><td><p>33%</p></td><td><p>0%</p></td></tr></tbody></table><p> </p><p>*Products launched in 2011/12</p><p> </p><p> </p><p> </p><p>SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.</p><p> </p><p>Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 211331 211332 211333 211334 question first answered 27/10/2014 14:39:54 answering member 4070 label Biography information for Matt Hancock previous answer version 24216 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	1419 label Biography information for Ann McKechin

100089

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Venture Capital
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Stratford-on-Avon
tabling member printed	Nadhim Zahawi
uin	211212
answer	answer is ministerial correction date of answer 28/10/2014 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> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/10/2014 11:00:19 answering member 4070 label Biography information for Matt Hancock
tabling member	4113 label Biography information for Nadhim Zahawi

100096

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	211366
answer	answer is ministerial correction date of answer 28/10/2014 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 answering member printed Matthew Hancock question first answered 28/10/2014 11:47:57 answering member 4070 label Biography information for Matt Hancock
tabling member	308 label Biography information for Mr Jim Cunningham

100097

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	211368
answer	answer is ministerial correction date of answer 28/10/2014 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> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/10/2014 11:18:04 answering member 4070 label Biography information for Matt Hancock
tabling member	308 label Biography information for Mr Jim Cunningham

100098

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Economic Growth
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	211369
answer	answer is ministerial correction date of answer 28/10/2014 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> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/10/2014 14:00:57 answering member 4070 label Biography information for Matt Hancock
tabling member	308 label Biography information for Mr Jim Cunningham

100099

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	211367
answer	answer is ministerial correction date of answer 28/10/2014 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> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/10/2014 14:03:54 answering member 4070 label Biography information for Matt Hancock
tabling member	308 label Biography information for Mr Jim Cunningham