Manufacturing (West Midlands)
Debate between Marcus Jones and Iain Wright(11 years, 9 months ago)
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Mr Marcus Jones
The hon. Gentleman seems to be giving glowing praise to the role of RDAs, particularly in the west midlands. If they were so successful, why during the time of the RDAs did private sector employment reduce in the west midlands, not increase?
Mr Wright
In general terms—I declare an interest in that I worked for an RDA before coming to the House—[Interruption.] It is probably for the best. The RDAs produced something like £6 of private investment for every £1 of public investment.
Given the importance of a single co-ordinated point to ensure co-ordination, does the Minister think that the move from RDAs to local enterprise partnerships—I think there are now six in the west midlands—has improved matters and provided a more co-ordinated approach? Ernst and Young conclude in the survey that:
“A more strategic approach to FDI that places inward investment within the overall economic context is required if the UK is to retain its lead in an increasingly competitive global market for FDI.”
It should be one of the hallmarks of a co-ordinated and active Government industrial strategy, so will the Minister say a little about it?
Finally, my hon. Friend the Member for Coventry South (Mr Cunningham) raised the important subject of Manganese Bronze. The Minister will be aware of this company, based in Coventry, which is Britain’s only black cab manufacturer and was placed in administration on 22 October last year. There is a strong possibility that a foreign buyer may manufacture the London taxis abroad. Will he say a little more on that and update the House as much as possible on the current situation? Specifically, will he set out what action he has taken with interested parties to ensure that the manufacture of black cabs takes place in the UK, and in Coventry in particular?
This has been a positive and consensual debate, and I congratulate the hon. Member for South Staffordshire again. It is clear that we need to back British manufacturers, particularly in the west midlands, in a co-ordinated, long-term way. I am interested to hear what the Minister has to say about allowing that potential to be realised.