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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

78120

	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, pursuant to the Answer of 9 April 2014, Official Report, column 292W, on Royal Mail, from which directorate each member of staff working on the privatisation of Royal Mail was drawn.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	206032
	answer	answer is ministerial correction date of answer 22/07/2014 answer text <p> </p><p> </p><p> </p><p>The core team of 17 people working on the sale of Royal Mail shares comprised staff from the Shareholder Executive. Staff in other BIS Directorates contributed to the work - primarily from Legal Directorate, Finance Directorate, Press Office and Economics and Markets Directorate.</p><p> </p><p> </p><p> </p><p>The project received scrutiny outside BIS from the Cabinet Office’s Major Projects Authority and a Treasury Approval Point panel. <br></p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 22/07/2014 14:37:08 answering member 4070 label Biography information for Matt Hancock previous answer version 11679 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

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

63145

	registered interest
	date	23/06/2014
	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	Apprentices: Horticulture
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to fund and support businesses in the horticulture sector to take on apprentices.
	tabling member constituency	Brecon and Radnorshire
	tabling member printed	Roger Williams
	uin	201713
	answer	answer is ministerial correction date of answer 30/06/2014 answer text <p> </p><p>Apprenticeship reforms are addressing exactly the barriers that employers have identified to taking on apprentices.</p><p> </p><p> </p><p> </p><p>Trailblazers led by employers are designing the new Apprenticeship standards for occupations in their sectors. Horticulture employers are fully engaged in the reform programme and the Trailblazer for the sector has recently submitted a standard for approval.</p><p> </p><p> </p><p> </p><p>The budget announced £170 m funding to extend the Apprenticeship Grant for Employers to help smaller businesses take on young apprentices aged 16-24. This will fund over 100,000 incentive payments of £1,500. Extending the grant into 2015 will ensure Apprenticeship take up by small businesses, including those in the horticulture sector, continues to be supported.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 30/06/2014 15:41:20 answering member 4070 label Biography information for Matt Hancock previous answer version 6514 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
	tabling member	1394 label Biography information for Roger Williams

77910

	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	Arms Trade: Exports
	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 UK defence exports as a result of the recent Farnborough Airshow.
	tabling member constituency	Ribble Valley
	tabling member printed	Mr Nigel Evans
	uin	206008
	answer	answer is ministerial correction date of answer 10/09/2014 answer text <p> </p><p>Farnborough is an important showcase for the UK Defence sector, the Department does not make estimates of defence exports arising as a result of the Farnborough Airshow, but recent figures released show that defence exports grew by 11% in 2013 to £9.8 billion. Previous exhibitions such as Farnborough 2012 are likely to have contributed to these figures.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 10/09/2014 15:12:59 answering member 4070 label Biography information for Matt Hancock previous answer version 11704 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
	tabling member	474 label Biography information for Mr Nigel Evans

46442

	registered interest
	date	02/04/2014
	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
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what the (a) median and (b) mean (i) annual and (ii) hourly salary is for (A) men and (B) women in Government-sponsored apprenticeship schemes; and what those figures were in each of the last five years.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	195007
	answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>In 2012, the median gross hourly wage for an Apprentice in England was £6.09. The mean was £6.21. In 2011, the equivalent gross hourly wages were £5.83 and £5.80.</p><p> </p><p>For females, in 2011, the median gross hourly wage was £5.96 and the mean £5.88. In 2012, these were £6.19 and £6.23 respectively.</p><p> </p><p>For males, in 2011, the median gross hourly wage was £5.43 and the mean £5.71. In 2012, these were £5.93 and £6.19 respectively.</p><p> </p><p>Please note that the only available data we have for Apprenticeship Pay is for 2012 and 2011, from the two Apprenticeship Pay Surveys (APS). These surveys do not calculate an annual wage from the survey responses as the hours Apprentices work are variable. There was a pay survey conducted in 2007, but this is not considered to be comparable with the two later years.</p><p> </p><p>Source: <a href="https://www.gov.uk/government/publications/apprenticeship-pay-survey-2012" target="_blank">https://www.gov.uk/government/publications/apprenticeship-pay-survey-2012</a></p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/04/2014 12:00:00 answering member 4070 label Biography information for Matt Hancock previous answer version 5033 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
	tabling member	3915 label Biography information for Gloria De Piero

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

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