Gloria De Piero
Main Page: Gloria De Piero (Labour - Ashfield)Department Debates - View all Gloria De Piero's debates with the Leader of the House
(13 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Vaizey
In an earlier answer, I praised Bournemouth university. One of the first things that I did as a Minister was to commission the Livingstone-Hope report on skills in the video games industry to ensure that our courses were fit for purpose, and I should like to take this opportunity to congratulate Sir Alex Hope on his well-deserved OBE for that work.
Gloria De Piero (Ashfield) (Lab)
The Government make available about £2 billion to British banks under the enterprise finance guarantee scheme to support small and medium-sized enterprises in the creative industries. Music industry representatives have told me that only two music companies have been successful in raising loan finance via the EFG scheme. One very experienced music manager was successful only on his ninth attempt. What is the Minister going to do to improve the scheme and to support our music industry?
Mr Vaizey
I suspect that the hon. Lady met the same people at the meeting that I referred to earlier. I absolutely understand the issue to which she is referring, and I want to continue to work with the banks to try to educate them on how the enterprise finance guarantee scheme can be used to support the music industry. Important changes in the Budget, such as the enterprise investment scheme, will also help our creative industries.