(12 years, 9 months ago)
Commons ChamberMy hon. Friend is right. Two things need to be done: first, we have to cull the schemes that have not worked, a good number of which we inherited, I am sorry to say; and, secondly, we have to ensure that the schemes are easier for businesses to use. We have created a finance finder so that businesses, rather than having to look at which scheme to use—an equity investment, export or loan support scheme—can secure finance with a number of simple questions. We will be developing and launching that app so that every business, small or large, can apply and get the answers they need quickly.
The International Monetary Fund recently published a report stating that it expects the British economy to grow faster than those of France and Germany. Is not that down to the fact that this Government are cutting corporation tax, reducing regulation and encouraging businesses, such as Jaguar Land Rover in my constituency, to invest? We are making the difference, unlike the Labour party.
That was a tricky question. My hon. Friend is absolutely right and is a fantastic supporter of industry. I think that the Labour party, beyond the jokes, needs to remember that 1.7 million people lost their jobs in manufacturing over the 13 years it was in government.
In South Staffordshire in the past year we have had considerable success in attracting engineering manufacturing jobs, but I am constantly being told that we do not have enough engineering graduates coming out of colleges and universities after 13 years of Labour government. What are we doing to rectify that?
Absolutely right—what we, rather than yourself, Mr Speaker, are doing about it is making sure that we have apprenticeships in place and that we put vocational education, which was neglected by the Labour party, back on a proper footing. We are also making sure that people are able to transfer between engineering firms. There is good news to be told.
(13 years, 6 months ago)
Commons ChamberT5. We all welcome the fantastic news from Nissan and BMW, but we want to see automotive investment in the west midlands. Will the Minister assure the House that he and his officials are doing all that they can to attract automotive investment into the west midlands?
I am delighted to be able to give my hon. Friend that assurance. He is an assiduous campaigner for the automotive industry in the sector. I am meeting him and other Members in a week or so to discuss the issue. It is important to remember that we have seen improvements in the investment for Jaguar Land Rover, that discussions are going further forward and that investment in 1,500 skilled engineering jobs has taken place. What matters in that context is remembering that under the last Labour Government, 1.7 million people came out of the manufacturing work force—a change that we need to bear in mind when we hear criticism from Opposition Members.