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426112

registered interest
date	04/11/2015
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
hansard heading	Adult Education: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what plans the Government has to move away from the funding per qualification model for adult learners as set out in the HM Treasury report, Fixing the foundations: Creating a more prosperous nation, published in July 2015; and if he will make a statement.
tabling member constituency	Feltham and Heston
tabling member printed	Seema Malhotra
uin	14826
answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>Over time the further education funding system has become complicated, with a lengthy set of rules about who and what can be funded. We plan to significantly simplify this funding system and at the same time increase local influence over the skills system so funding can be used to best meet local economic need. A key part of this simplification is to decouple funding and qualifications, freeing up providers and in time local commissioners to deliver the learning required to meet the skill needs of local economies and to maximise the benefit to local communities. We will include more detail on this in the Skills Funding Letter for 2016-17.</p> answering member constituency Grantham and Stamford answering member printed Nick Boles question first answered 09/11/2015 14:45:40 answering member 3995 label Biography information for Nick Boles
tabling member	4253 label Biography information for Seema Malhotra

426278

registered interest
date	04/11/2015
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
hansard heading	Sahaviriya Steel Industries UK: Redcar
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what due diligence was undertaken by his Department prior to the purchase of the Redcar coke ovens and blast furnace.
tabling member constituency	Redcar
tabling member printed	Anna Turley
uin	14918
answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>The purchase of the Redcar coke ovens and blast furnace was a commercial transaction between SSI and Tata Steel, both privately owned companies.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 09/11/2015 14:47:09 answering member 3938 label Biography information for Anna Soubry
tabling member	4449 label Biography information for Anna Turley

425596

registered interest
date	03/11/2015
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
hansard heading	Sahaviriya Steel Industries UK: Redcar
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, if he will assess the performance of the Official Receiver during the liquidation of SSI UK.
tabling member constituency	Redcar
tabling member printed	Anna Turley
uin	14661
answer	answer is ministerial correction date of answer 06/11/2015 answer text <p>It is not part of the Secretary of State’s functions to assess the performance of the Official Receiver when acting as liquidator. The Secretary of State cannot interfere in the administration of the liquidation.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 06/11/2015 14:17:40 answering member 3938 label Biography information for Anna Soubry
tabling member	4449 label Biography information for Anna Turley

425598

registered interest
date	03/11/2015
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
hansard heading	Sahaviriya Steel Industries UK: Redcar
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what discussions he has had with the Prime Minister about the value of the Government support package for people affected by the closure of the SSI Steelworks in Redcar.
tabling member constituency	Redcar
tabling member printed	Anna Turley
uin	14663
answer	answer is ministerial correction date of answer 06/11/2015 answer text <p>The package, worth up to £80 million, announced to support former SSI workers and the Tees Valley economy more broadly was agreed across Government.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 06/11/2015 14:20:25 answering member 3938 label Biography information for Anna Soubry
tabling member	4449 label Biography information for Anna Turley

425301

registered interest
date	02/11/2015
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
hansard heading	Arms Trade: Saudi Arabia
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what consideration his Department has given to suspending the UK's arms export licences to Saudi Arabia in the light of the conflict in Yemen.
tabling member constituency	Birmingham, Hall Green
tabling member printed	Mr Roger Godsiff
uin	14382
answer	answer is ministerial correction date of answer 05/11/2015 answer text <p>All export licence applications are carefully assessed on a case by case basis against the Consolidated EU and National Arms Export Licensing Criteria, taking account of all relevant factors at the time of the application. A licence will not be issued for any country if to do so would be inconsistent with any provision of the Criteria.</p><br /><p>We keep all licences under review in the light of changing circumstances in countries of destination for UK arms exports, including Saudi Arabia.</p><br /><p>A political solution is the best way to bring long term stability to Yemen and to avoid a humanitarian catastrophe. The UK is fully and actively supporting the UN’s efforts to achieve this.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 05/11/2015 13:59:25 answering member 3938 label Biography information for Anna Soubry
tabling member	304 label Biography information for Mr Roger Godsiff

425303

registered interest
date	02/11/2015
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
hansard heading	Insolvency
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 assessment he has made of the effect on (a) businesses affected by pre-pack insolvencies and (b) employees of such businesses of such insolvencies.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	14312
answer	answer is ministerial correction date of answer 05/11/2015 answer text <br /><p>The University of Wolverhampton undertook research as part of Teresa Graham’s June 2014 review into pre-pack administrations. This found that returns to creditors from a pre-pack were slightly lower than from non pre-packed administrations.</p><br /><p>The report also found that in about 60% of pre-pack deals all jobs were saved, and in a further 10% some jobs were saved. No data is available on the impact of the insolvency on employment at creditors of the company.</p><br /><p>A voluntary package of reforms to pre-packs, as recommended by the Graham review, was launched on 2 November with support from the insolvency industry and creditor groups. The reforms are intended to bring greater transparency and improved creditor confidence in pre-packs, and especially those in which sales are to connected parties.</p><p><strong></strong></p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 05/11/2015 13:58:16 answering member 3938 label Biography information for Anna Soubry
tabling member	4061 label Biography information for Bill Esterson

425304

registered interest
date	02/11/2015
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
hansard heading	Students: Loans
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 estimate he has made of the predicted default rate of university maintenance loans.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	14314
answer	answer is ministerial correction date of answer 09/11/2015 answer text <p><strong></strong></p><br /><p>Student loans are not like a bank loan or credit card. Repayments do not have to made if the borrower’s income is below £21k. There is, therefore, no default rate as such, but a borrower who moves overseas and fails to repay even though they are earning over the threshold would be in default.</p><br /><p>Maintenance loans are either repaid during the loan term, or written off after 30 years, or if the borrower dies or becomes permanently unable to work as a result of disability. Provision for the cost of future write offs is made in BIS accounts each year. This is known as the RAB charge.</p><br /> answering member constituency Orpington answering member printed Joseph Johnson question first answered 09/11/2015 14:49:06 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4061 label Biography information for Bill Esterson

425306

registered interest
date	02/11/2015
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
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the contribution of (a) crowdfunding businesses, (b) peer-to-peer lending businesses and (c) big data businesses to the UK economy.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	14290
answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>The state of equity investment in small businesses was assessed by the British Business Bank in March this year. Their report shows an overall increase in equity investment to small firms in each of the past four years, with both the number of deals and the total amount invested showing a clear upward trend. The contribution from crowdfunding has grown strongly since 2012. By the third quarter of 2014, deal numbers exceeded those of private equity, accounting for almost one-third of seed funding deals in the first half of 2014.</p><p>The Peer-to-Peer Finance Association publishes quarterly performance data, which show net new lending to small businesses of £91m in Q3 2015. According to NESTA, peer-to-peer lending in the UK grew at a rate of 250% annually between 2012 and 2014. The growth of the UK peer-to-peer lending sector has been facilitated by a responsive and flexible regulatory regime that recognises the importance of a competitive and diverse market for business finance.</p><p>The Centre for Economics and Business Research estimates that the big data market could benefit the UK economy by up to £216 billion between 2012 and 2017. Research by NESTA has also found that UK companies making greater use of online customer data are up to 13% more productive than their peers.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 09/11/2015 14:52:44 answering member 3938 label Biography information for Anna Soubry
tabling member	1586 label Biography information for Adam Afriyie

425053

registered interest
date	30/10/2015
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
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of the Government's proposal to freeze the earnings threshold for plan 2 student loans on the cost of attending university.
tabling member constituency	Copeland
tabling member printed	Mr Jamie Reed
uin	14204
answer	answer is ministerial correction date of answer 04/11/2015 answer text <p>Freezing the repayment threshold will not affect the cost of attending university. It will mean that students, once earning, will on average meet a greater share of these costs over their working life through loan repayments, helping ensure the long-term financial sustainability of the system. Lower earning graduates below the repayment threshold will not be affected by the proposed changes.</p><br /><p>Estimates of the impact of freezing the repayment thresholds are illustrated in the consultation document, which has been published here:</p><p><a href="https://www.gov.uk/government/consultations/freezing-the-student-loan-repayment-threshold" target="_blank">https://www.gov.uk/government/consultations/freezing-the-student-loan-repayment-threshold</a></p><br /> answering member constituency Orpington answering member printed Joseph Johnson question first answered 04/11/2015 13:30:09 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	1503 label Biography information for Mr Jamie Reed

424842

registered interest
date	29/10/2015
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
hansard heading	Department for Business, Innovation and Skills: Freedom of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what average time his Department took to respond to Freedom of Information requests in each year since 2005.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	14057
answer	answer is ministerial correction date of answer 05/11/2015 answer text <p>Statistics on the timeliness of responses to Freedom of Information requests are published by Government (Table 4 of annual reports). They are available here <a href="https://www.gov.uk/government/collections/government-foi-statistics" target="_blank">https://www.gov.uk/government/collections/government-foi-statistics</a>.</p><p>These statistics provide the number of requests which were answered within the 20 day deadline, the number of requests where additional time was required for the consideration of public interest, and the number of late responses.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 05/11/2015 15:22:52 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4473 label Biography information for Louise Haigh