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77831

registered interest
date	15/07/2014
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	Exports: Government Assistance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many bids to the Export Refinancing Facility have been (a) received and (b) approved since its launch; and how many firms have received funds under the scheme to date.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	206027
answer	answer is ministerial correction date of answer 10/10/2014 answer text <p>The Export Refinancing Facility (ERF) was launched on 30 April 2014 in order to support UK bids for projects that require finance above £50m.</p><p> </p><p> </p><p> </p><p>The ERF does not provide funds directly to firms but a commitment to banks funding loans to overseas buyers of UK exports to take-out that loan if it has not been possible for the bank to refinance it commercially.</p><p> </p><p> </p><p> </p><p>UK Export Finance officials have held several discussions with exporters, overseas buyers and banks in relation to ERF, with one case currently under discussion.</p><p> </p><p><strong> </strong></p><p> </p><p>It is likely that ERF will be most relevant during periods of constrained liquidity in the banking market. Given current market conditions, export credit transactions are less likely to require ERF in order to take place but the facility remains an important product in UKEF’s portfolio giving it the ability to respond quickly to changes in those market conditions.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 10/10/2014 12:28:30 answering member 4070 label Biography information for Matt Hancock previous answer version 11695 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

77832

registered interest
date	15/07/2014
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	Royal Mail
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, with reference to his letter of 2 May 2014 which was placed in the Library, on what date agreement was reached with each of the pilot fishing investors in Royal Mail on share allocations.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	206021
answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>The allocations to pilot fishing investors was finalised for all these investors on 8 October 2013.</p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 22/07/2014 14:26:56 answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

77834

registered interest
date	15/07/2014
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	Business: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many firms have received assistance under the Direct Lending Scheme to date.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	206025
answer	answer is ministerial correction date of answer 10/09/2014 answer text <p> </p><p> </p><p> </p><p>There has been significant interest in UK Export Finance’s (UKEF) Direct Lending Facility (DLF) since its enhancements were announced in the Budget. Since it was relaunched on 30 June 2014, the pipeline of potential export contracts has developed and now involves 28 UK-based exporters of varying size and export experience. As it stands, the pipeline has 35 potential export contracts that range from £3m to over £350m. Most importantly, the DLF pipeline is growing.</p><p> </p><p><br> <br></p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 10/09/2014 15:33:12 answering member 4070 label Biography information for Matt Hancock previous answer version 11686 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

77835

registered interest
date	15/07/2014
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	Royal Mail
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what information his Department holds on the current ownership of shares in Royal Mail.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	206024
answer	answer is ministerial correction date of answer 10/10/2014 answer text <p>Maintaining and updating the Royal Mail shareholder register is the responsibility of the company.</p><p> </p><p> </p><p> </p><p>A number of financial market Information providers publish information about company shareholders including Royal Mail.</p><p> </p><p> </p><p> </p><p>The Government does not hold any information that cannot be obtained from these sources.</p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 10/10/2014 12:26:46 answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

77836

registered interest
date	15/07/2014
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	Royal Mail
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assurances were sought from priority investors ahead of the privatisation of Royal Mail on long-term holding of shares by (a) Ministers in his Department (b) Officials in his Department (c) the Financial Adviser to the Government and (d) the banking syndicate working on the privatisation.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	206026
answer	answer is ministerial correction date of answer 15/10/2014 answer text <p>No assurances were sought from the priority investors ahead of the sale of shares in Royal Mail.</p><p> </p><p> </p><p> </p><p>Any mechanism which requires a buyer to give up the rights normally associated with shares, such as a restriction on the right to sell those shares for a period of time, would be reflected in the price investors would be prepared to pay for those shares.</p><p> </p><p> </p><p> </p><p>These investors gave the Government confidence to take forward the IPO which raised nearly £2bn for the tax payer and reduced the risk that the tax payer to support the universal postal service.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 15/10/2014 13:24:04 answering member 4070 label Biography information for Matt Hancock previous answer version 11677 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

77841

registered interest
date	15/07/2014
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	Trade Fairs: Farnborough
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the net benefit to the UK export sector as a result of the recent Farnborough Airshow.
tabling member constituency	Ribble Valley
tabling member printed	Mr Nigel Evans
uin	206009
answer	answer is ministerial correction date of answer 10/09/2014 answer text <p><ins class="ministerial">Farnborough is an important showcase for the UK aerospace sector. The Department does not make estimates of aerospace exports arising as a result of the Farnborough Airshow. However, given the UK’s position as a leading supplier to the world’s aerospace industry, our industry is likely to be a major beneficiary of many of the new orders announced at the Show.</ins></p><p><ins class="ministerial">Recent data from the Aerospace Defence and Security trade association show aerospace exports grew by 12% in 2013 to £25 billion.</ins></p><p><br /><del class="ministerial">There has been significant interest in UK Export Finance’s (UKEF) Direct Lending Facility (DLF) since its enhancements were announced in the Budget. Since it was relaunched on 30 June 2014, the pipeline of potential export contracts has developed and now involves 28 UK-based exporters of varying size and export experience. As it stands, the pipeline has 35 potential export contracts that range from £3m to over £350m. Most importantly, the DLF pipeline is growing.</del></p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock previous answer version 11700 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock 19350 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock question first answered 10/09/2014 15:27:30 question first ministerially corrected 29/10/2014 14:19:01 answering member 4070 label Biography information for Matt Hancock
tabling member	474 label Biography information for Mr Nigel Evans

77843

registered interest
date	15/07/2014
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	Royal Mail
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what agreement was sought from priority investors on the long-term holding of shares in Royal Mail.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	206020
answer	answer is ministerial correction date of answer 28/08/2014 answer text <p>No agreement was sought from the priority investors ahead of the sale of shares in Royal Mail on the long term holding of shares.</p><p>Any mechanism which requires a buyer to give up the rights normally associated with shares, such as a restriction on the right to sell those shares for a period of time, would be reflected in the price investors would be prepared to pay for those shares.</p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/08/2014 15:23:59 answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

77848

registered interest
date	15/07/2014
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	Glass: EU Law
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 discussions he has had with the European Commission about inclusion of the glass manufacturing industry in Annex II to the Certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2012; and if he will make a statement.
tabling member constituency	Hartlepool
tabling member printed	Mr Iain Wright
uin	205708
answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>BIS Ministers have met with the European Competition Commissioner and have argued the case for including parts of the glass and ceramics sector as well as the cement sector in the EU Emissions Trading Scheme and Carbon Price Floor compensation, highlighting the issues of competitiveness.</p><p>The Government understands fully concerns about the impact of the these guidelines on UK companies in these sectors and will be engaging further with the Commission to seek a review of the list of eligible sectors to include other energy intensive industries in the compensation schemes in the future.</p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 205711 205714 question first answered 22/07/2014 14:31:05 answering member 4070 label Biography information for Matt Hancock
tabling member	1478 label Biography information for Mr Iain Wright

77849

registered interest
date	15/07/2014
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	Glass: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what discussions he has had with the European Commission about the compensation scheme for the carbon price floor and inclusion of the glass manufacturing industry in Annex II to the Certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2012; and if he will make a statement.
tabling member constituency	Hartlepool
tabling member printed	Mr Iain Wright
uin	205711
answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>BIS Ministers have met with the European Competition Commissioner and have argued the case for including parts of the glass and ceramics sector as well as the cement sector in the EU Emissions Trading Scheme and Carbon Price Floor compensation, highlighting the issues of competitiveness.</p><p>The Government understands fully concerns about the impact of the these guidelines on UK companies in these sectors and will be engaging further with the Commission to seek a review of the list of eligible sectors to include other energy intensive industries in the compensation schemes in the future.</p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 205708 205714 question first answered 22/07/2014 14:31:05 answering member 4070 label Biography information for Matt Hancock
tabling member	1478 label Biography information for Mr Iain Wright

77850

registered interest
date	15/07/2014
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	Glass: EU Law
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 he has made of the effect on the competitiveness of the British glass, manufacturing, ceramics and mineral products industries of not being eligible for the compensation scheme for the carbon price floor; and whether he has discussed this issue with the European Commission.
tabling member constituency	Hartlepool
tabling member printed	Mr Iain Wright
uin	205714
answer	answer is ministerial correction date of answer 22/07/2014 answer text <p>BIS Ministers have met with the European Competition Commissioner and have argued the case for including parts of the glass and ceramics sector as well as the cement sector in the EU Emissions Trading Scheme and Carbon Price Floor compensation, highlighting the issues of competitiveness.</p><p>The Government understands fully concerns about the impact of the these guidelines on UK companies in these sectors and will be engaging further with the Commission to seek a review of the list of eligible sectors to include other energy intensive industries in the compensation schemes in the future.</p> answering member constituency West Suffolk answering member printed Matthew Hancock grouped question UIN 205708 205711 question first answered 22/07/2014 14:31:05 answering member 4070 label Biography information for Matt Hancock
tabling member	1478 label Biography information for Mr Iain Wright