Business of the House

Barry Sheerman Excerpts

Thursday 13th February 2014 Commons Chamber

[Mr Lansley]

I will ask my right hon. Friend the Secretary of State for Transport to respond to my hon. Friend, although I know that my hon. Friend has had a chance to meet the Under-Secretary of State for Transport, my hon. Friend the Member for Scarborough and Whitby (Mr Goodwill). He knows and the House will be aware that test pilots are employed to undertake flight tests to evaluate aircraft design as part of certification processes. The European Aviation Safety Agency is responsible for the type certification of aircraft manufactured inside the European Union or registered in an EU member state. The Civil Aviation Authority is not responsible for type certification and therefore does not require the services of test pilots to meet its statutory duties. That is enough from me, but I will ask my right hon. Friend at the Department to add a reply to my hon. Friend the Member for Salisbury (John Glen).

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

It is Valentine’s day tomorrow. In that spirit, may I inform the Leader of the House that we probably have in this country the envy of Silicon valley in the United States in the wonderful tax incentives for individuals to invest in new start-up businesses? With the Budget coming up quite soon, may we have an early debate on expanding that tax incentive to people who invest in social enterprises? The whole world of social enterprise, crowdfunding and social impact investment is changing. It is a great opportunity for our country. May we have a debate so that we can get those added benefits to include social enterprises?

[Mr Lansley]

I am sure the House will be interested in what the hon. Gentleman says. I will make sure that the Treasury sees what he has said and he may find other opportunities between now and the Budget to raise the matter. I entirely agree with him. I know from business angels in the Cambridge area that we in this country have a very strong environment in which to undertake start-up investment. One of the key things we need is to ensure that we have the quantity of venture capital available to support those start-ups through development, because we in this country have a very high level of the initial research and start-up businesses, but sometimes we lose control of the business as it grows.