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48721

registered interest
date	28/04/2014
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, when the stabilisation period in respect of the privatisation of Royal Mail, as detailed in the engagement letter between his Department and the underwriting banks, ends; and how that period has been defined.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	196951
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The stabilisation period, also known as a &quot;greenshoe&quot; or &quot;over-allotment&quot; option, is a market-standard provision that allows the Initial Public Offering's (IPO) stabilisation manager to provide share price stabilisation (if required) for up to 30 days post-commencement of conditional dealings. In the case of the Royal Mail, the stabilisation manager was UBS and the stabilisation period ended on 8 November.</p><p> </p><p>In the engagement letter, the payment of the discretionary fee was linked to the ending of the stabilisation period. However, we informed the banks involved that a decision would not be taken in the timeframe set out in the engagement letter given the volatility of the Royal Mail share price after the IPO.</p><p> </p><p>We have not set a rigid timetable for the decision on the payment of the discretionary fee which remains unpaid.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 01/05/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	3966 label Biography information for Ian Murray

48723

registered interest
date	28/04/2014
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, how many workplaces employ apprentices in each (a) region and (b) parliamentary constituency.
tabling member constituency	North Swindon
tabling member printed	Justin Tomlinson
uin	196849
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>I am placing the information sought by my hon Friend in the libraries of the House. Table 1 shows the number of workplaces that employ Apprentices by Region and Table 2 shows the number of workplaces that employ Apprentices by Parliamentary Constituency.</p><p> </p><p>The tables will also be published online through the FE Data Library:</p><p><a href="https://www.gov.uk/government/statistical-data-sets/fe-data-library-other-statistics-and-research" target="_blank">https://www.gov.uk/government/statistical-data-sets/fe-data-library-other-statistics-and-research</a></p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 01/05/2014 12:00:00 answering member 4070 label Biography information for Matt Hancock attachment 1 file name 3676 Workplaces by Region and Constituency Final.xls title Workplaces
tabling member	4105 label Biography information for Justin Tomlinson

47897

registered interest
date	09/04/2014
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 recent steps he has taken to ensure that exporters of intangible goods can access the resources of UK Export Finance.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	196127
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>UK Export Finance can provide support for intangibles, such as software licenses, where they are provided in connection with goods or services. As far as the supply of intangibles by themselves are concerned, UK Export Finance has initiated a public consultation on proposals to widen its powers under its enabling legislation, the Export and Investment Guarantees Act 1991 (as amended). These proposals include giving UK Export Finance the ability to support exports of intangible goods such as intellectual property rights by themselves. If, having regard to the responses to that consultation, it is deemed to implement these proposals, they will form part of a Bill that will be introduced in the next session of Parliament.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 01/05/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	1586 label Biography information for Adam Afriyie

47901

registered interest
date	09/04/2014
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, pursuant to the Answer of 7 April 2014, Official Report, column 8W, on employee ownership, what estimate he has made of how many people will apply to be an employee shareholder under the Shares for Rights Scheme.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	196146
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The employee shareholder status is a new employment status that is optional for companies and offer and for individuals to take up. There is no requirement for individuals to apply to Government to become an employee shareholder or for companies to register or apply to Government to use it.</p><p> </p><p>The Government has therefore made no assessment of levels of current or future take-up.</p> answering member constituency Cardiff Central answering member printed Jenny Willott grouped question UIN 196147 question first answered 01/05/2014 12:00:00 answering member 1497 label Biography information for Jenny Willott
tabling member	308 label Biography information for Mr Jim Cunningham

47902

registered interest
date	09/04/2014
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, pursuant to the Answer of 7 April 2014, Official Report, column 8W, on employee ownership, how many companies have applied to participate in the Shares for Rights Scheme to date.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	196147
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The employee shareholder status is a new employment status that is optional for companies and offer and for individuals to take up. There is no requirement for individuals to apply to Government to become an employee shareholder or for companies to register or apply to Government to use it.</p><p> </p><p>The Government has therefore made no assessment of levels of current or future take-up.</p> answering member constituency Cardiff Central answering member printed Jenny Willott grouped question UIN 196146 question first answered 01/05/2014 12:00:00 answering member 1497 label Biography information for Jenny Willott
tabling member	308 label Biography information for Mr Jim Cunningham

48070

registered interest
date	09/04/2014
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, pursuant to the Answer of 7 April 2014, Official Report, column 8W, on employee ownership, if he will bring forward legislative proposals to regulate the qualifications and independence of the independent advisers provided by companies to advise employees on their employee shareholder employment status.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	196148
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>In order for an individual to become an employee shareholder, the individual must obtain advice from a relevant independent adviser on the terms and effect of the proposed agreement. An employee shareholder employment contract is of no effect if an individual does not get independent advice before the agreement is made. It is in the interest of the individual to understand the employee shareholder contract and its implications before they accept a job.</p><p> </p><p>Advice must be given by a qualified lawyer, certified trade union member, certified worker at an advice centre or a Fellow of the Institute of Legal Executives who is employed in a solicitor's practice. The law does not permit advice from a person employed by the employer to count towards fulfilling the legal advice requirement.</p><p> </p><p>The law is already clear in this area. Government has drawn on the same legal mechanism detailing the provision of advice which is set out in the Employment Rights Act 1996.</p> answering member constituency Cardiff Central answering member printed Jenny Willott question first answered 01/05/2014 12:00:00 answering member 1497 label Biography information for Jenny Willott
tabling member	308 label Biography information for Mr Jim Cunningham

48071

registered interest
date	09/04/2014
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, pursuant to the Answer of 7 April 2014, Official Report, column 8W, on employee ownership, if he will produce guidelines for companies and employees on choosing independent advisers provided by companies to advise employees about the Shares for Rights Scheme.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	196149
answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>Detailed guidance on the employee shareholder status was published on the <a href="http://www.gov.uk/" target="_blank">www.gov.uk</a> website before the status came into law on 1 September 2013, and this guidance includes a section on who qualifies as a relevant independent advisor.</p> answering member constituency Cardiff Central answering member printed Jenny Willott question first answered 01/05/2014 12:00:00 answering member 1497 label Biography information for Jenny Willott
tabling member	308 label Biography information for Mr Jim Cunningham