(4 years, 8 months ago)
Commons ChamberTo meet the challenges of our time, we must ensure that we create an environment where we encourage tech start-ups to set up, thrive and innovate. What are the Secretary of State and Ministers doing to ensure that tech start-ups in the west midlands are able to fulfil their potential?
Birmingham has the largest tech sector outside London. It has firms specialising in FinTech, games, health-tech and cyber-security. We will keep the UK at the top of the investment tree. Last year we saw investment in UK tech growing faster than in any other nation in the world. We need to keep at the forefront, and there are huge opportunities for our tech industry.
(4 years, 8 months ago)
Commons ChamberThe fact of the matter is that our exports to the US are growing at a faster rate than they are to the EU. The west midlands has consistently had a trade surplus with the USA. Does the Secretary of State agree that a US trade deal would open up new markets for small and medium-sized businesses and herald many new opportunities for business and industry in the west midlands?
There are huge opportunities in the midlands for further trade with the US. The midlands is already a very strong exporter to the US. I believe that one in five goods from there goes to the US market, but we can do more to remove tariffs and also to get rid of some of the testing procedures and non-tariff barriers that are stopping our car industry exporters so much.