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1136329
registered interest false more like this
date less than 2019-07-02more like thismore than 2019-07-02
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading GKN: Kings Norton more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, when he is planning to hold the meeting with GKN Aerospace and the hon. Member for Birmingham Northfield on the future of GKN Aerospace in Kings Norton. more like this
tabling member constituency Birmingham, Northfield more like this
tabling member printed
Richard Burden more like this
uin 272125 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-07-08more like thismore than 2019-07-08
answer text <p>We are currently working with both parties to find the earliest mutually convenient date and time for the meeting to take place.</p> more like this
answering member constituency Pendle more like this
answering member printed Andrew Stephenson more like this
question first answered
less than 2019-07-08T16:33:40.913Zmore like thismore than 2019-07-08T16:33:40.913Z
answering member
4044
label Biography information for Andrew Stephenson more like this
tabling member
301
label Biography information for Richard Burden more like this
1110216
registered interest false more like this
date less than 2019-04-08more like thismore than 2019-04-08
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading GKN: Birmingham more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of the planned closure of the GKN Aerospace at Kings Norton, Birmingham on the local economy; and what discussions he has had with representatives of that company on that proposed closure. more like this
tabling member constituency Birmingham, Northfield more like this
tabling member printed
Richard Burden more like this
uin 242010 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-16more like thismore than 2019-04-16
answer text <p>Following GKN’s notification to employees on 4 April about their intention to undertake a phased closure of their Kings Norton site in Birmingham by 2021, the Secretary of State spoke to Hans Buthker (CEO of GKN Aerospace) on 7 April. He explained that this proposal was the result of an internal strategic review by GKN to help the company secure long-term sustainability that will better position it for future growth.</p><p> </p><p>Mr Buthker stressed GKN’s continued commitment to the UK, evidenced by the significant new investment the company is making including, as part of this proposal, at Luton and Portsmouth and in a Global Technology R&amp;D Centre at Filton. This comes on top of GKN’s further announcement last week for £300 million in new investment to ramp up its activities in the fast-growing electric vehicle market.</p><p> </p><p>This is a commercial decision for GKN Aerospace and not in contravention of the deed of covenant agreed between BEIS and Melrose. GKN Aerospace have confirmed the site will remain operational in a phased capacity until 2021, and all affected employees will be supported in seeking new employment within and outside of GKN Aerospace. GKN Aerospace announced they will be increasing overall investment in its other UK sites, with Luton and Portsmouth becoming technology centres of excellence. GKN Aerospace invested record levels into R&amp;D in 2018, including a new world-class Global Technology Centre opening in Bristol in 2020, hosting 300 highly skilled engineers.</p><p> </p><p> </p><p> </p><p>We appreciate this will be an unsettling time for the 172 employees at Kings Norton and will work closely with the company, and local partners, to make sure that they are supported throughout.</p>
answering member constituency Pendle more like this
answering member printed Andrew Stephenson more like this
question first answered
less than 2019-04-16T09:18:55.217Zmore like thismore than 2019-04-16T09:18:55.217Z
answering member
4044
label Biography information for Andrew Stephenson more like this
previous answer version
113578
answering member constituency Pendle more like this
answering member printed Andrew Stephenson more like this
answering member
4044
label Biography information for Andrew Stephenson more like this
tabling member
301
label Biography information for Richard Burden more like this
904012
registered interest false more like this
date less than 2018-05-14more like thismore than 2018-05-14
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Directors: Codes of Practice more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what the timetable is for the Financial Reporting Council to (a) complete its review and (b) publish an updated version of the UK Corporate Governance Code. more like this
tabling member constituency Birmingham, Northfield more like this
tabling member printed
Richard Burden more like this
uin 143650 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-05-17more like thismore than 2018-05-17
answer text <p>In February 2017, the Financial Reporting Council (FRC) announced plans for a comprehensive review of the UK Corporate Governance Code, and delivery of this review implements part of the Government’s wider Corporate Governance Reform package announced in August 2017. The FRC’s public consultation closed on 28 February 2018. Responses are being considered and the FRC is on track to publish an updated Code with supporting guidance in July 2018.</p><p> </p> more like this
answering member constituency Burton more like this
answering member printed Andrew Griffiths more like this
question first answered
less than 2018-05-17T15:17:21.23Zmore like thismore than 2018-05-17T15:17:21.23Z
answering member
3936
label Biography information for Andrew Griffiths more like this
tabling member
301
label Biography information for Richard Burden more like this
860922
registered interest false more like this
date less than 2018-03-13more like thismore than 2018-03-13
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading GKN: Melrose more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text If he will use his powers under the Enterprise Act 2002 to intervene in the takeover bid for GKN by Melrose. more like this
tabling member constituency Birmingham, Northfield more like this
tabling member printed
Richard Burden more like this
uin 904346 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-13more like thismore than 2018-03-13
answer text <p>Under the Enterprise Act 2002, Ministers can only intervene in mergers that raise public interest concerns on the grounds of national security, financial stability and media plurality.</p><p> </p><p>Public interest interventions are quasi-judicial in nature. It is important that Ministers act, and are seen to be acting impartially, on the basis of an open mind and on the evidence available.</p><p> </p><p>It is therefore not appropriate for me to comment.</p><p> </p><p>I continue to monitor this situation closely.</p> more like this
answering member constituency Tunbridge Wells more like this
answering member printed Greg Clark more like this
question first answered
less than 2018-03-13T16:19:25.597Zmore like thismore than 2018-03-13T16:19:25.597Z
answering member
1578
label Biography information for Greg Clark more like this
tabling member
301
label Biography information for Richard Burden more like this
846229
registered interest false more like this
date less than 2018-02-21more like thismore than 2018-02-21
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Business: Sustainable Development more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what his policy is on sustainability reporting for UK businesses. more like this
tabling member constituency Birmingham, Northfield more like this
tabling member printed
Richard Burden more like this
uin 128908 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-02-28more like thismore than 2018-02-28
answer text <p>Currently, all UK registered companies, except those entitled to the small companies exemption, are required to file a strategic report as part of their annual report.</p><p> </p><p>This must include, to the extent necessary for an understanding of the development, performance or position of the company’s business, information relating to environmental matters. Quoted companies are also required to report, within their strategic reports, on:</p><ul><li>the impact of the company’s business on the environment, and</li><li>social, community and human rights issues.</li></ul><p> </p><p>Many UK companies choose to go further than this within their annual reports which the current flexible company law framework supports.</p> more like this
answering member constituency Burton more like this
answering member printed Andrew Griffiths more like this
question first answered
less than 2018-02-28T14:37:59.367Zmore like thismore than 2018-02-28T14:37:59.367Z
answering member
3936
label Biography information for Andrew Griffiths more like this
tabling member
301
label Biography information for Richard Burden more like this