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155718

registered interest
date	17/11/2014
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: Stafford
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 is taking to support businesses in Stafford constituency.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	214629
answer	answer is ministerial correction date of answer 25/11/2014 answer text <p>I refer my Hon. Friend to the answer I gave on 22 October 2014 to Question UIN <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2014-10-13/210227/" target="_blank">210227</a>.</p><p> </p><p> </p><p> </p><p>The primary support for business in Stafford and elsewhere is our long term economic plan which is delivering jobs, growth and low inflation.</p><p> </p><p> </p><p> </p><p>16 start up loans have been made available in Stafford and 1,000 Apprenticeships in the past year.</p><p> </p><p> </p><p> </p><p>My Hon. Friend may also wish to note that in the Stafford constituency there is one Round 1 Regional Growth Fund project with a grant of £4 million leveraging £57 million of private sector investment and creating or safeguarding 1,600 jobs. The grant will help the company undertake research and development for the creation of High Voltage Direct Current power transmission products, including the installation of equipment at a new engineering centre of excellence owned and run by the company in Stafford. It will create 200 new jobs and safeguard 1,400 existing jobs.</p><p> </p><p> </p><p> </p><p>Businesses can access support via two local programmes that cover the Stafford constituency. These are run by the Local Enterprise Partnership (LEP) and the Staffordshire Chamber of Commerce. In addition to the above there are a number of national Regional Growth Fund programmes which companies in Stafford can apply to.</p><p> </p><p> </p><p> </p><p>Stoke and Staffordshire LEP area is one of 15 Wave 2 Cities who are receiving £6.4m Government funding to establish growth hubs in 2014-15, from a £32m Regional Growth Fund programme managed by Lancaster University which also includes local business support. Growth hubs are intended to raise awareness and take up of business support, impact of business support, simplify the local business support landscape, eliminate duplication and improve the impact of business support, helping to increase private sector growth.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 25/11/2014 14:46:43 answering member 4070 label Biography information for Matt Hancock
tabling member	4109 label Biography information for Jeremy Lefroy

155720

registered interest
date	17/11/2014
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: Stafford
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 businesses in Stafford constituency have received export support from UK Trade & Investment in each of the last four years.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	214630
answer	answer is ministerial correction date of answer 26/11/2014 answer text <p>UK Trade and Investment supported 47,960 companies in 2013/14 financial year; 31,880 in 2012/13; 26,640 in 2011/12 and 24,550 in 2010/11. However, breakdowns of the data at the constituency level are not available.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 26/11/2014 14:32:18 answering member 4070 label Biography information for Matt Hancock
tabling member	4109 label Biography information for Jeremy Lefroy

155721

registered interest
date	17/11/2014
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: Stafford
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 businesses the Manufacturing Advisory Service has assisted in Stafford constituency since May 2010.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	214631
answer	answer is ministerial correction date of answer 24/11/2014 answer text <p>The Manufacturing Advisory Service (MAS) has assisted 22 companies in Stafford since 1 January 2012 when the new national MAS service was launched. Businesses have forecast this could help create 65 jobs and over £2.75 million Gross Value Added. Figures are not available for the regional MAS delivered by the former Regional Development Agencies prior to January 2012.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 24/11/2014 15:06:51 answering member 4070 label Biography information for Matt Hancock
tabling member	4109 label Biography information for Jeremy Lefroy

102013

registered interest
date	31/10/2014
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	New Businesses: Stafford
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 new companies were started in Stafford constituency in each of the last three years.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	212794
answer	answer is ministerial correction date of answer 10/11/2014 answer text <p>In each of the last three years, the following numbers of companies were incorporated in the Staffordshire constituency:</p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>Number</p></td></tr><tr><td><p>2011/12</p></td><td><p>13,336</p></td></tr><tr><td><p>2012/13</p></td><td><p>13,349</p></td></tr><tr><td><p>2013/14</p></td><td><p>13,445</p></td></tr></tbody></table><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 10/11/2014 10:22:42 answering member 4070 label Biography information for Matt Hancock
tabling member	4109 label Biography information for Jeremy Lefroy

92987

registered interest
date	13/10/2014
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	Business: Stafford
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 has taken to increase the level of access to credit for businesses in Stafford constituency in the last 12 months.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	210226
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>The Government is committed to ensuring businesses can access the finance they need to invest and grow.</p><p> </p><p> </p><p> </p><p>We are setting up the British Business Bank to make finance markets work better for small firms. Over the next five years, the Bank aims to unlock up to £10 billion of financing for viable smaller businesses. The Business Bank funds schemes including Start Up Loans and the Enterprise Finance Guarantee Scheme.</p><p> </p><p>A breakdown of businesses in the Stafford Constituency that have been supported by British Business Bank schemes last 12 months are detailed in the table below.</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p><strong>Enterprise Finance Guarantee Scheme (EFG)</strong></p></td><td><p><strong>Start Up Loans Company </strong></p></td></tr><tr><td><p>Stafford constituency</p></td><td><p>7 loans with a drawn value of £1,051,700</p></td><td><p>16 loans with a drawn value of £59,850</p></td></tr></tbody></table><p> </p><p>*Data from 01/09/2013-31/08/2014</p><p> </p><p> </p><p> </p><p>The Black Country Reinvestment Society (BCRS) are a Community Development Finance Institution (CDFI) serving the Stafford constituency providing credit and funding to local businesses unable to secure finance from traditional financial institutions such as banks. BCRS are accredited to provide EFG backed lending facilities and are also a Start Up Loan delivery partner.</p><p> </p><p> </p><p> </p><p>The Community Development Finance Association (of which BCRS is a member) have also received Regional Growth Fund support</p><p> </p><p> </p><p> </p><p>There is one Round 1 Regional Growth Fund project in the Stafford constituency with a grant of £4 million, leveraging £56.5 million of private sector investment and creating or safeguarding 1,600 jobs.</p><p> </p><p> </p><p> </p><p>The grant will assist this project to undertake research and development (R&amp;D) for the creation of High Voltage Direct Current (HVDC) power transmission products at a new engineering centre of excellence in Stafford. The project will create 200 jobs and safeguard 1400 jobs in Stafford and involves a new R&amp;D centre, together with the installation of technical equipment.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 22/10/2014 15:45:34 answering member 4070 label Biography information for Matt Hancock
tabling member	4109 label Biography information for Jeremy Lefroy