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1141729

	registered interest
	date	24/07/2019
	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	Business: West Aberdeenshire and Kincardine
	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 recent steps he has taken to support businesses in the West Aberdeenshire and Kincardine constituency.
	tabling member constituency	West Aberdeenshire and Kincardine
	tabling member printed	Andrew Bowie
	uin	281793
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government is supporting businesses in West Aberdeenshire and Kincardine to develop and thrive.  The British Business Bank has issued 46 loans in the area totalling £493,319 and we continue to deliver the £250 million Aberdeen City Region Deal investing in oil &amp; gas, bio-therapeutics and food innovation, improvements in digital infrastructure, a strategic transport appraisal and the expansion of Aberdeen harbour.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 09/09/2019 07:34:25 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4601 label Biography information for Andrew Bowie

1141794

	registered interest
	date	24/07/2019
	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	Insolvency
	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 she will review pre-packaged administration deals and make an assessment of the potential merits of preventing directors of a failed company becoming directors of the new company in cases where pension liabilities are passed onto the Pension Protection Fund.
	tabling member constituency	Easington
	tabling member printed	Grahame Morris
	uin	281708
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The government has recently carried out a review of the impact of voluntary industry measures introduced in 2015 to improve confidence in pre-packaged sales in administration. The review will inform a decision on whether further regulation is required where a business is sold via a pre-pack sale to a person connected with the old company. We expect to publish the outcome of the review shortly.</p><p> </p><p>As part of the review the Government liaised with the Pension Protection Fund, which made clear in its response to concerns raised by the Chair of the DWP Select Committee, that it does not fundamentally take issue with pre-packs but where there are concerns, these are referred to The Pensions Regulator for investigation.</p><p> </p><p>The government already has robust measures in place to prevent directors of insolvent companies who are guilty of poor behaviour from taking part in the management of companies in the future. When a company enters a formal insolvency procedure, such as administration, the insolvency practitioner has a legal duty to report to the Insolvency Service on the conduct of the directors and where wrongdoing is identified, action can be taken to disqualify them for up to 15 years.</p><p> </p><p>The government response to the 2018 White Paper “Protecting Defined Benefit Pension Schemes” proposes additional powers for The Pensions Regulator with a tougher approach to the minority of employers whose irresponsible behaviour does put pension schemes at risk.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 09/09/2019 07:37:17 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	3973 label Biography information for Grahame Morris