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747522

registered interest
date	03/07/2017
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	Small Businesses: Investment
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 information his Department holds on equity investments in small and medium-sized enterprises by region in each of the last five years.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2442
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The British Business Bank holds the following information on UK equity investments through Government initiatives (including private sector funding) in small and medium-sized enterprises by region in each of the last five years. Please note, as the British Business Bank was incorporated in November 2014, the earlier data relates to activity prior to its formation.</p><table><tbody><tr><td><p> </p></td><td><p><strong>2012/13</strong></p></td><td><p><strong>2013/14</strong></p></td><td><p><strong>2014/15</strong></p></td><td><p><strong>2015/16</strong></p></td><td><p><strong>2016/17</strong></p></td></tr><tr><td><p><strong>Region</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td></tr><tr><td><p><strong>East Midlands</strong></p></td><td><p>1,732,936</p></td><td><p>15,373,375</p></td><td><p>6,419,861</p></td><td><p>20,794,577</p></td><td><p>12,494,164</p></td></tr><tr><td><p><strong>East of England</strong></p></td><td><p>13,327,451</p></td><td><p>7,118,566</p></td><td><p>17,619,810</p></td><td><p>36,798,469</p></td><td><p>29,829,456</p></td></tr><tr><td><p><strong>London</strong></p></td><td><p>75,439,430</p></td><td><p>90,057,648</p></td><td><p>101,479,286</p></td><td><p>176,478,987</p></td><td><p>125,695,479</p></td></tr><tr><td><p><strong>North East</strong></p></td><td><p>2,780,000</p></td><td><p>1,583,978</p></td><td><p>1,012,165</p></td><td><p>24,455</p></td><td><p>2,342,542</p></td></tr><tr><td><p><strong>North West</strong></p></td><td><p>7,953,894</p></td><td><p>21,223,113</p></td><td><p>4,769,778</p></td><td><p>18,823,541</p></td><td><p>6,508,519</p></td></tr><tr><td><p><strong>South East</strong></p></td><td><p>16,154,855</p></td><td><p>41,909,353</p></td><td><p>48,306,950</p></td><td><p>27,387,895</p></td><td><p>37,587,276</p></td></tr><tr><td><p><strong>South West</strong></p></td><td><p>10,359,738</p></td><td><p>6,863,453</p></td><td><p>12,502,885</p></td><td><p>11,042,671</p></td><td><p>12,190,985</p></td></tr><tr><td><p><strong>West Midlands</strong></p></td><td><p>4,963,936</p></td><td><p>4,994,260</p></td><td><p>5,168,854</p></td><td><p>6,113,159</p></td><td><p>253,153</p></td></tr><tr><td><p><strong>Yorkshire &amp; Humber</strong></p></td><td><p>170,000</p></td><td><p>700,000</p></td><td><p>15,970,748</p></td><td><p>609,976</p></td><td><p>884,052</p></td></tr><tr><td><p><strong>Scotland</strong></p></td><td><p>23,544,989</p></td><td><p>5,444,799</p></td><td><p>40,631,080</p></td><td><p>15,119,260</p></td><td><p>17,460,657</p></td></tr><tr><td><p><strong>Wales</strong></p></td><td><p>918,750</p></td><td><p>1,177,235</p></td><td><p>4,991,103</p></td><td><p>5,849,616</p></td><td><p>531,560</p></td></tr><tr><td><p><strong>Northern Ireland</strong></p></td><td><p>-</p></td><td><p>-</p></td><td><p>1,145,180</p></td><td><p>-</p></td><td><p>525,000</p></td></tr></tbody></table><p> </p><p>The Government is committed to increasing the supply of finance to SMEs and a more diverse financial market, rather than setting targets for type of investment SME should be taking. We continue to provide information to increase businesses understanding of the finance options available to them.</p> answering member constituency Stourbridge answering member printed Margot James grouped question UIN 2433 question first answered 10/07/2017 15:35:51 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747524

registered interest
date	03/07/2017
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	Small Businesses: Advisory Services
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 steps the Government is taking to increase the availability of free and low-cost financial and business advice for small and medium-sized enterprises.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2429
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government is in regular contact with businesses and finance providers to understand the needs of small businesses. Our industrial strategy will address the barriers many of them face to scaling up and growing by improving access to finance across the country and back institutions which can drive growth and private sector equity investment.</p><p>Government is taking a number of steps to ensure small businesses can access support, including the UK’s business-led Productivity Council with £13 million to provide practical tools to businesses to improve productivity.</p><p>The Business Support Helpline provides signposting, diagnostic support and business improvement advice to pre-starts, start-ups, and existing businesses across phone and digital channels nationally.</p><p>The Government has also provided £38million to support and invest in the creation of a network of 38 Growth Hubs across England as an integral part of the Government’s ambition to drive local growth and productivity.</p><p>In addition, applicants to the Start Up Loans programme get access to mentors who provide them with advice alongside their loan, thereby enhancing their chances of success. At the end of May 2017, the Start Up Loans programme had lent £319m to more than 48,000 entrepreneurs.</p><p>We have invested an additional £400 million in the British Business Bank to catalyse later stage venture capital investments by the private sector. This will unlock £1 billion of equity funding, in later stage venture capital. And we will work with them to further understand the obstacles firms face accessing capital outside London and the South East.</p><p>The British Business Bank produces the Business Finance Guide, in partnership with the Institute of Chartered Accountants in England and Wales and a further 21 business and finance organisations, to increase smaller businesses’ understanding of the finance options available to them. This is also available as an online, interactive at <a href="https://thebusinessfinanceguide.co.uk/" target="_blank">https://thebusinessfinanceguide.co.uk/</a>.</p> answering member constituency Stourbridge answering member printed Margot James grouped question UIN 2427 question first answered 11/07/2017 16:16:39 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747525

registered interest
date	03/07/2017
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	Small Businesses: Investment
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 the Government will publish a target for increasing equity investment in small and medium-sized enterprises.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2433
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The British Business Bank holds the following information on UK equity investments through Government initiatives (including private sector funding) in small and medium-sized enterprises by region in each of the last five years. Please note, as the British Business Bank was incorporated in November 2014, the earlier data relates to activity prior to its formation.</p><table><tbody><tr><td><p> </p></td><td><p><strong>2012/13</strong></p></td><td><p><strong>2013/14</strong></p></td><td><p><strong>2014/15</strong></p></td><td><p><strong>2015/16</strong></p></td><td><p><strong>2016/17</strong></p></td></tr><tr><td><p><strong>Region</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td><td><p><strong>Value (£)</strong></p></td></tr><tr><td><p><strong>East Midlands</strong></p></td><td><p>1,732,936</p></td><td><p>15,373,375</p></td><td><p>6,419,861</p></td><td><p>20,794,577</p></td><td><p>12,494,164</p></td></tr><tr><td><p><strong>East of England</strong></p></td><td><p>13,327,451</p></td><td><p>7,118,566</p></td><td><p>17,619,810</p></td><td><p>36,798,469</p></td><td><p>29,829,456</p></td></tr><tr><td><p><strong>London</strong></p></td><td><p>75,439,430</p></td><td><p>90,057,648</p></td><td><p>101,479,286</p></td><td><p>176,478,987</p></td><td><p>125,695,479</p></td></tr><tr><td><p><strong>North East</strong></p></td><td><p>2,780,000</p></td><td><p>1,583,978</p></td><td><p>1,012,165</p></td><td><p>24,455</p></td><td><p>2,342,542</p></td></tr><tr><td><p><strong>North West</strong></p></td><td><p>7,953,894</p></td><td><p>21,223,113</p></td><td><p>4,769,778</p></td><td><p>18,823,541</p></td><td><p>6,508,519</p></td></tr><tr><td><p><strong>South East</strong></p></td><td><p>16,154,855</p></td><td><p>41,909,353</p></td><td><p>48,306,950</p></td><td><p>27,387,895</p></td><td><p>37,587,276</p></td></tr><tr><td><p><strong>South West</strong></p></td><td><p>10,359,738</p></td><td><p>6,863,453</p></td><td><p>12,502,885</p></td><td><p>11,042,671</p></td><td><p>12,190,985</p></td></tr><tr><td><p><strong>West Midlands</strong></p></td><td><p>4,963,936</p></td><td><p>4,994,260</p></td><td><p>5,168,854</p></td><td><p>6,113,159</p></td><td><p>253,153</p></td></tr><tr><td><p><strong>Yorkshire &amp; Humber</strong></p></td><td><p>170,000</p></td><td><p>700,000</p></td><td><p>15,970,748</p></td><td><p>609,976</p></td><td><p>884,052</p></td></tr><tr><td><p><strong>Scotland</strong></p></td><td><p>23,544,989</p></td><td><p>5,444,799</p></td><td><p>40,631,080</p></td><td><p>15,119,260</p></td><td><p>17,460,657</p></td></tr><tr><td><p><strong>Wales</strong></p></td><td><p>918,750</p></td><td><p>1,177,235</p></td><td><p>4,991,103</p></td><td><p>5,849,616</p></td><td><p>531,560</p></td></tr><tr><td><p><strong>Northern Ireland</strong></p></td><td><p>-</p></td><td><p>-</p></td><td><p>1,145,180</p></td><td><p>-</p></td><td><p>525,000</p></td></tr></tbody></table><p> </p><p>The Government is committed to increasing the supply of finance to SMEs and a more diverse financial market, rather than setting targets for type of investment SME should be taking. We continue to provide information to increase businesses understanding of the finance options available to them.</p> answering member constituency Stourbridge answering member printed Margot James grouped question UIN 2442 question first answered 10/07/2017 15:35:51 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747526

registered interest
date	03/07/2017
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	Small Businesses: Expenditure
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 information his Department holds on spending by small and medium-sized enterprises in each of the last five years.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2434
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The Department does not hold data on spending by small and medium-sized enterprises.</p> answering member constituency Stourbridge answering member printed Margot James question first answered 10/07/2017 15:49:29 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747527

registered interest
date	03/07/2017
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	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many loans between £10 million to £25 million the British Business Bank lent to small and medium-sized enterprises in each of the last five years.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2436
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The British Business Bank does not finance businesses directly. It is a government-owned economic development bank that makes finance markets for smaller businesses work more effectively, allowing those businesses to prosper, grow and build UK economic activity. It is not a bank in a conventional sense, but instead provides funds and guarantees to private sector partners, enabling them to finance a greater number of smaller businesses (either through debt or equity). It uses economic evidence to design programmes that address market failures affecting smaller businesses across the economy. It also works to improve smaller businesses’ awareness of the finance options available to them. The British Business Bank’s programmes are already supporting almost £3.5bn of finance to more than 56,000 smaller businesses and are participating in a further £5.5bn finance to small mid-cap businesses (as at end December 2016).</p> answering member constituency Stourbridge answering member printed Margot James question first answered 10/07/2017 15:37:46 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747533

registered interest
date	03/07/2017
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 Angel Co-investment Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the (a) Government and (b) British Business Bank have contributed to the Angel CoFund in each of the last five years; and how much funding the Government plans to provide over the next two years.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2428
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The Angel CoFund started in 2011 and makes equity investments alongside syndicates of business angels (high net worth individuals) who invest in early-stage companies. It seeks to back promising UK businesses and help develop the important business angel investment market. The Government, working through the British Business Bank, has committed £70m to the Angel CoFund, and plans to provide a further £30m in due course.</p> answering member constituency Stourbridge answering member printed Margot James question first answered 10/07/2017 15:47:23 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747538

registered interest
date	03/07/2017
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	Small Businesses: Advisory Services
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 discussions the Government has had with businesses and finance providers on establishing schemes to provide advice to small businesses on how to secure finance.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	2427
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Government is in regular contact with businesses and finance providers to understand the needs of small businesses. Our industrial strategy will address the barriers many of them face to scaling up and growing by improving access to finance across the country and back institutions which can drive growth and private sector equity investment.</p><p>Government is taking a number of steps to ensure small businesses can access support, including the UK’s business-led Productivity Council with £13 million to provide practical tools to businesses to improve productivity.</p><p>The Business Support Helpline provides signposting, diagnostic support and business improvement advice to pre-starts, start-ups, and existing businesses across phone and digital channels nationally.</p><p>The Government has also provided £38million to support and invest in the creation of a network of 38 Growth Hubs across England as an integral part of the Government’s ambition to drive local growth and productivity.</p><p>In addition, applicants to the Start Up Loans programme get access to mentors who provide them with advice alongside their loan, thereby enhancing their chances of success. At the end of May 2017, the Start Up Loans programme had lent £319m to more than 48,000 entrepreneurs.</p><p>We have invested an additional £400 million in the British Business Bank to catalyse later stage venture capital investments by the private sector. This will unlock £1 billion of equity funding, in later stage venture capital. And we will work with them to further understand the obstacles firms face accessing capital outside London and the South East.</p><p>The British Business Bank produces the Business Finance Guide, in partnership with the Institute of Chartered Accountants in England and Wales and a further 21 business and finance organisations, to increase smaller businesses’ understanding of the finance options available to them. This is also available as an online, interactive at <a href="https://thebusinessfinanceguide.co.uk/" target="_blank">https://thebusinessfinanceguide.co.uk/</a>.</p> answering member constituency Stourbridge answering member printed Margot James grouped question UIN 2429 question first answered 11/07/2017 16:16:40 answering member 4115 label Biography information for Margot James
tabling member	4031 label Biography information for Rachel Reeves

747539

registered interest
date	03/07/2017
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	National Grid: Security
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 security assessments his Department has made since the acquisition of a majority stake in the National Grid by the consortium comprising the Qatar Investment Authority and others.
tabling member constituency	Falkirk
tabling member printed	John McNally
uin	2580
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>As my right hon. Friend the Prime Minister and my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy have made clear, the UK is, and will remain, one of the most open economies in the world, including to foreign direct investment. We will also ensure that any investment serves the national interest. This deal, which involves a crucial part of the UK’s critical infrastructure, was no different. While national security considerations do not allow us to comment on the specific assessments we undertake, we continue to work collaboratively to understand and respond to all threats and hazards in the energy sector. This includes work across Government and with our agencies to understand the risk profiles, regular engagement with industry to develop mitigation strategies and ensuring that we have the knowledge and robust procedures in place to respond to challenges as they arise.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 10/07/2017 15:42:37 answering member 4068 label Biography information for Lord Harrington of Watford
tabling member	4424 label Biography information for John McNally

747540

registered interest
date	03/07/2017
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	EGNOS
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 estimate his Department has made of the net value of the European Geostationary Navigation Overlay System.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	2505
answer	answer is ministerial correction date of answer 10/07/2017 answer text <p>The Government recognises the benefits our involvement in European Geostationary Navigation Overlay System (EGNOS) and Galileo satellite navigation systems bring for the UK. These include the use of EGNOS at UK airports which allow aircraft to land even during poor weather, as well as the commercial benefits to UK companies involved in the design, building and operation of the systems. UK participation is judged to be beneficial overall.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 10/07/2017 15:48:26 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4006 label Biography information for Dr Matthew Offord

747544

registered interest
date	03/07/2017
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	European Space Agency
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 estimate his Department has made of the net value of the European Space Agency.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	2503
answer	answer is ministerial correction date of answer 11/07/2017 answer text <p>The Department invested €1.44 bn with the European Space Agency (ESA) at a Ministerial meeting in Lucerne in December 2016. Before making this investment in line with normal Government practice we undertook a vigorous business case process. The investment was balanced to achieve a number of objectives including excellent science, earth observation including climate study, commercial growth in telecommunications and other technology as well as protecting the space environment. The financial returns were modelled as between €6 and €10 for every €1 invested.</p><p>Independent research on “<em>returns from public investment in space</em>” by London Economics has shown that past investment with ESA has generated average returns of £10 for every £1 invested.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 11/07/2017 16:13:13 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4006 label Biography information for Dr Matthew Offord