(7 years, 10 months ago)
Commons ChamberWe have an unprecedented opportunity to redesign our policies to ensure that our agricultural industry is competitive, productive and profitable and that our environment is protected for future generations. I regularly meet farmers’ representatives from all over the United Kingdom as well as my ministerial colleagues.
Does the Minister agree that, post-Brexit, there are two key priorities for agriculture? First, we need to devise a system of support for the rural economy that does not contain the current levels of EU bureaucracy, which is so expensive. If we achieve that, does he agree that we could then maintain the current levels of support for the rural economy?
My hon. Friend makes an important point. Once we have left the European Union, we will be able to redesign our policies to suit the needs of British agriculture. That should lead to a significant reduction in red tape and, as he rightly says, a significant reduction in costs.
(11 years, 1 month ago)
Commons Chamber3. What plans he has to encourage growth in the small and medium-sized enterprise sector in Wales.
Small and medium-sized enterprises are vital to the economy in Wales and, indeed, the UK as a whole. That is why we have launched the Business is Great campaign, focusing on how we can further support these thriving businesses.
I agree with the Secretary of State that small businesses in the Principality and across the country are the lifeblood of the economy. Considerable moves have been made already on the tax front and in lifting burdensome regulations. What more can he do, working with the Welsh Government, further to enhance wealth creation and the job-generating power of small businesses?
My hon. Friend is absolutely right that SMEs are the backbone of the Welsh economy, and we are keen to do all we can to encourage them. That is why we have initiated the StartUp loans scheme, which has already lent about £50 million to more than 9,000 new businesses. With effect from this October, working with the Welsh Government, we have announced the scheme’s roll-out to Wales, so that any Welsh entrepreneur with a good idea can come forward and apply for a loan.