My hon. Friend is absolutely right on the importance of reaching out to businesses in her constituency and across the midlands. Indeed, we are trying to strengthen the ability of chambers of commerce located in our key target markets to communicate with small and medium-sized enterprises back home. We are specifically helping smaller companies with the cost of going to their first international trade fair, as not enough of them take that important opportunity. We are seeing the benefits, with exports to target markets up by 49% in Brazil, up 130% in Russia, and up 60% in India.
15. What types of projects will be eligible for funding from the green investment bank.
(12 years, 7 months ago)
Commons ChamberLet us be clear about what the Government have done. We have tackled abuse in bogus colleges and the issue of overseas students who, sadly, did not have the necessary academic qualifications to benefit from coming into higher education in this country. That abuse had to be tackled. We now have a clear message that legitimate students are welcome, with no cap on numbers, to come from anywhere in the world to study at British universities. I work very closely with our universities, including the university of Durham, on trade missions to get that very positive message out across the world.
16. What discussions he has had with the Secretary of State for Energy and Climate Change on the potential effect on process manufacturing of the Government’s policy on energy pricing.
(13 years, 1 month ago)
Commons ChamberIn the absence of Madam Deputy Speaker responding to that challenge, I will. The Prime Minister urges all of us in his Government to be as proactive as possible whenever we go abroad, ensuring that we are properly equipped with a sense of the key business opportunities that are relevant to the particular mission that we are on. We have asked UKTI to set out what we call a high-value opportunities programme to identify really big projects around the world where there are opportunities for British companies and suppliers to invest and provide. We are systematically reviewing the high-value opportunities provided by large-scale projects around the world, which we believe British companies can take advantage of by going out and battling for contracts. We are improving the tax system, we are backing R and D and innovation and we are committed to improving our performance on exports.
I have been listening carefully to the Minister’s points about how his Department is helping parts of the manufacturing sector. Many manufacturers tell me that the big issue for them is differential energy prices. Can he assure the House that his Department is on top of that issue, and that we will not lose process manufacturing in particular to countries such as France and Germany, and of course to the far east, due to high electricity prices and high energy prices in general?
I can assure my hon. Friend that the Department is very well aware of the particular pressures facing energy-intensive industries, and we are considering them very carefully.