https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32263/12-539-sme-access-external-finance.pdf<\/a><\/p> <\/p>"}
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, "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"}
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, "date" : {"_value" : "2014-10-21", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Venture Capital"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of a potential equity gap in UK venture capital sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4113", "label" : {"_value" : "Biography information for Nadhim Zahawi"}
}
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, "tablingMemberPrinted" : [{"_value" : "Nadhim Zahawi"}
], "uin" : "211212"}
, {"_about" : "http://data.parliament.uk/resources/100096", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/100096/answer", "answerText" : {"_value" : "
Business is being encouraged to invest by a strong stable economy; competitive corporate tax rates; a good regulatory environment; strong legal frameworks; a dynamic labour market and a long-term sustainable industrial strategy. This provides stability for UK businesses and gives them the confidence to invest.<\/p>
A £3.2 billion Regional Growth Fund (RGF) is providing investment, across England, for projects and programmes such as capital investment, training and research & development. Additionally, the Advanced Manufacturing Supply Chain Initiative (AMSCI) has made £345 million available, over 5 national rounds and a regional scheme, to support the repatriation, anchoring and growth of supply chains in England.<\/p>
The Government continues to support inward investment in the UK and, in Coventry & Warwickshire, the local LEP successfully achieved 43 Foreign Direct Investment projects in 2013/14 (30 involving UKTI) - an increase on 2012/13 - creating 2,427 new jobs and safeguarding 719. The majority of these projects are spread across advanced engineering & manufacturing and business, professional & financial services.<\/p>"}
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, "date" : {"_value" : "2014-10-21", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Manufacturing Industries"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what recent steps the Government has taken to ensure continued investment into the manufacturing industry.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/308", "label" : {"_value" : "Biography information for Mr Jim Cunningham"}
}
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, "tablingMemberPrinted" : [{"_value" : "Mr Jim Cunningham"}
], "uin" : "211366"}
, {"_about" : "http://data.parliament.uk/resources/100097", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/100097/answer", "answerText" : {"_value" : "
Through Reshore UK, which brings together the expertise of UKTI and MAS, we are backing business every step of the way to bring back jobs and strengthen our manufacturing base. The Government\u2019s Advanced Manufacturing Supply Chain Initiative (AMSCI) has made £345 million available to support the repatriation, anchoring and growth of manufacturing supply chains in the UK.<\/p>
The Manufacturing Advisory Service (MAS) has a specific requirement to support manufacturing supply chain activity. £59.3 million has been allocated over 3 years and more than 17,250 manufacturing firms have already received specialist support from MAS, helping them improve and grow.<\/p>
To support commercialisation of technology and innovation, Government has launched the High Value Manufacturing Catapult and 16 new university-based EPSRC Centres for Innovative Manufacturing. Budget 2014 included a further £74 million investment in the Catapult network.<\/p>
Government has also created a Skills package that supports businesses in taking on apprentices and provides support for investment in higher level skills: providing an additional £85 million to extend Apprenticeship Grants for Employers Scheme; and £20 million for apprenticeships up to postgraduate level.<\/p>"}
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, "date" : {"_value" : "2014-10-21", "_datatype" : "dateTime"}
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, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what recent steps his Department has taken to increase domestic sales in the manufacturing sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/308", "label" : {"_value" : "Biography information for Mr Jim Cunningham"}
}
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], "uin" : "211368"}
, {"_about" : "http://data.parliament.uk/resources/100098", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"}
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The Government's economic policy objective is to achieve 'strong, sustainable and balanced growth that is more evenly shared across the country and between industries.' The economy is growing and unemployment falling in all regions.<\/p>
<\/p>
<\/p>
<\/p>
To date significant progress has been made to achieve this. This includes:<\/p>
<\/p>
<\/p>
<\/p>
· Industrial strategy, through which the whole of government is working in partnership with industry to set the long term direction needed to give business the confidence to invest. Industrial strategy has already helped to create jobs and encourage significant investment by industry. Notable examples include the announcements by Siemens and the UK\u2019s Associated British Ports to invest a total of £310m in wind turbine factories in Hull and across the UK creating over 1,000 jobs and Balfour Beatty to spend a record £1bn in 2014 on contracts with SMEs across the country.<\/p>
<\/p>
<\/p>
<\/p>
· Growth Deals. These are a crucial part of the Government\u2019s long term economic plan to secure a better future and stronger economy for our country. The first £6bn of local projects agreed under the first wave of Growth Deals were announced in July 2014. This includes £74.1million invested in the Coventry and Warwickshire Local Enterprise Partnership area, which will help to create at least 1,000 jobs and allow up to 1,000 homes to be built. It will also generate up to £30million in public and private investment<\/p>
<\/p>
<\/p>
<\/p>
· Finally, the Regional Growth Fund which is a competitive £3.2 billion government fund operating across England to provide grants to private sector projects and programmes with significant potential for economic growth and support particular areas and communities that are currently dependent on the public sector for employment. To date £2.9 billion has been allocated across England with over £1 billion going to projects and programmes in the north and £670 million to nationwide programmes. These investments have in turn generated £2.4 billion of private investment with a further £13.6 billion to follow over the next ten years.<\/p>
<\/p>"}
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, "date" : {"_value" : "2014-10-21", "_datatype" : "dateTime"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what recent steps his Department has taken to ensure that economic growth occurs across the country.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/308", "label" : {"_value" : "Biography information for Mr Jim Cunningham"}
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UK Trade & Investment (UKTI) staff are providing expert trade advice and practical support to UK-based manufacturing companies growing their business overseas and helping them trade successfully in foreign markets.<\/p>
Exports of manufactured goods from the West Midlands region increased by over £4 million between 2012 and 2013.<\/p>
UKTI involvement has directly assisted a number of West Midland companies increase exports and overseas sales; leading to bigger workforces, investment in new machinery and expansion of premises. Additionally, UKTI has helped West Midland companies attend international trade shows, raising companies\u2019 profiles and significantly increasing the total business turnover. UKTI also provides overseas sales support enabling West Midlands companies to successfully acquire multi million pound contracts.<\/p>"}
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