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964727

registered interest
date	03/09/2018
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: New Businesses
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 the Government is taking to ensure the adequacy of levels of capital available to start-up manufacturing companies.
tabling member constituency	Birkenhead
tabling member printed	Frank Field
uin	169067
answer	answer is ministerial correction date of answer 11/09/2018 answer text <p>Though our industrial Strategy we are committed to making the UK the best place in Europe to start and grow a manufacturing business. That includes using our record investments in infrastructure to unlock growth in every part of the country; using the major new investment in research to support innovative manufacturing businesses across the country; and encouraging inward investment.</p><p> </p><p>We are ranked in the top 10 in the world for ease of doing business by the World Bank and amongst the very best in Europe, and we are the number one destination for foreign direct investment in Europe.</p><p> </p><p>We will improve access to finance across the country and back institutions which can catalyse growth and private sector equity investment:</p><ul><li>British Business Bank programmes are supporting more than £5.2bn of finance to more than 74,000 smaller businesses (as at March 2018), including through the Northern Powerhouse Investment Fund, and the Midlands Engine Investment Fund</li><li>And we are now taking action to unlock over £20 billion of Patient Capital Investment for growing firms over the next 10 years.</li><li>We will improve wider support for scale-ups and entrepreneurs by building up networks, using government data in a smarter way, launching a review into entrepreneurship, and supporting the industry-led Be the Business campaign with up to £13 million over three years to provide practical tools to businesses to improve productivity.</li></ul> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 11/09/2018 14:23:59 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	478 label Biography information for Lord Field of Birkenhead

964728

registered interest
date	03/09/2018
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: Takeovers
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 he has made of the potential merits of restricting the takeover of UK manufacturing companies by overseas companies.
tabling member constituency	Birkenhead
tabling member printed	Frank Field
uin	169068
answer	answer is ministerial correction date of answer 11/09/2018 answer text <p>The Government welcomes overseas investment which champions enterprise and innovation and supports jobs and growth. Ministers have powers to intervene in mergers, regardless of sector, that raise public interest considerations relating to national security, financial stability and media plurality. The Government will continue to keep these powers under review.</p><p> </p><p>Earlier this year, the Government published a White Paper, National Security and Investment, setting out its proposals for new powers to ensure that investments and acquisitions cannot undermine our national security. The public consultation runs until 16 October.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 11/09/2018 14:24:05 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	478 label Biography information for Lord Field of Birkenhead

964760

registered interest
date	03/09/2018
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	Unemployment
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 he will make an assessment of the effect on the rate of unemployment of the removal of the gig economy.
tabling member constituency	Birkenhead
tabling member printed	Frank Field
uin	169078
answer	answer is ministerial correction date of answer 11/09/2018 answer text <p>The flexibility of the UK labour market has helped businesses create jobs in record numbers, supporting many millions into work. The gig economy and platform-based working can provide genuine two-way flexibility and opportunities for those who may not be able to work in more conventional ways. This should be protected while ensuring fairness for those who work through these platforms and those who compete with them.</p><p> </p><p> </p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 11/09/2018 14:24:12 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	478 label Biography information for Lord Field of Birkenhead