Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Duncan Hames Excerpts
Thursday 9th June 2011

(13 years, 6 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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The business growth fund is an extremely promising initiative, filling a gap in capital markets that has been left empty pretty much since the 1920s: the provision of equity for rapid growth mid-cap funds. The £2.5 billion fund is committed to by the main banks, and Santander wishes to pursue its own initiative, which is additional to the fund. The business growth fund is a great success. It was launched in Birmingham—I was there a few weeks ago—and it will achieve a lot for British industry.

Duncan Hames Portrait Duncan Hames (Chippenham) (LD)
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I noted the Business Secretary’s earlier answer citing the STEMNET project. I hope he is also aware of the work of I’mascientist.org.uk, whose events reach over 10,000 students, with funding of less than £9 per student drawn from charitable and business sponsors. Will he learn from the success of this initiative as a model for the online engagement of students with the futures they could realise through science, technology, engineering and maths?

Lord Willetts Portrait Mr Willetts
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That is a very imaginative suggestion which I certainly undertake to pursue—and will, perhaps, discuss at the Cheltenham science festival this weekend.