Oral Answers to Questions

Anas Sarwar Excerpts

Thursday 8th November 2012 Commons Chamber

[Vince Cable]

We will do just that and I congratulate the hon. Gentleman on his role in promoting local companies. I was in Leamington Spa recently to meet some video game companies that have started up and he has played a useful role in promoting all that. Last year, encouraged by the overall improvement in the business climate, half a million new companies were established in this country, which is a major indication of the growth of entrepreneurial commitment.

[Anas Sarwar (Glasgow Central) (Lab)]

The Secretary of State will be aware that with the number of university and college places falling and youth unemployment increasing, now, more than ever, we should be encouraging young people to set up their own businesses. Will the Secretary of State be willing to come and visit the Entrepreneurial-Spark scheme in my constituency and see the innovative ways in which Glasgow is helping to encourage young business people to come forward in the city?

[Vince Cable]

As the hon. Gentleman knows, I take a particularly close interest in positive news in Glasgow and I would be happy to come and see that project. Suffice it to say that there is a new start-up loan scheme for young entrepreneurs, of which large numbers of young people are taking advantage. I am delighted to see that it is happening in Glasgow, too.