Oral Answers to Questions

Graham Stuart Excerpts

Thursday 14th January 2021 Commons Chamber

[Brendan Clarke-Smith (Bassetlaw) (Con)]

What comparative assessment she has made of the level of inward investment into (a) the UK and (b) other European countries.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

The DIT’s inward investment goal is to maintain the UK’s position as the No. 1 holder of foreign investment in Europe. That is why I am delighted to say that, according to the latest Office for National Statistics figures, the UK’s inward foreign direct investment stock stood at £1.6 trillion at the end of 2019. According to the United Nations Conference on Trade and Development—the global equivalent of the ONS—the UK maintained its No. 1 status for FDI stock in Europe at the end of that year.

[Brendan Clarke-Smith [V]]

What steps is the Minister taking to ensure that inward investment supports the levelling up of areas such as Bassetlaw?

[Graham Stuart]

What an excellent question. My Department is committed to ensuring that exports and investment bolster our levelling-up agenda. That is why we operate a key account management programme, to support existing investors in priority levelling-up areas. D2N2 LEP—it sounds like something from “Star Trek”, but it is my hon. Friend’s local enterprise partnership—is currently receiving funding under that programme to identify foreign owned companies across the LEP area, including in Bassetlaw, which can be assisted with growth plans precisely to retain an increased number of jobs. Since March, we have also placed seven new officers in key markets overseas, who are specifically tasked with promoting investment opportunities in the midlands, not least in Bassetlaw.

[Robert Halfon (Harlow) (Con) [V]]

What steps she is taking to strengthen the UK’s trade relationship with the Middle East.

--- Later in debate ---

[Mark Menzies (Fylde) (Con) [V]]

What steps her Department has taken to help ensure that businesses in the north-west can benefit from future free trade agreements.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

I thank the distinguished trade envoy for his excellent question. My Department is turbo-charging efforts to help northern businesses take advantage of our trade deals and ensure that the benefits of FTAs are shared across the United Kingdom. Since March we have recruited an additional 30 international trade advisers, and 14 overseas representatives just for the northern powerhouse. We founded the Export Academy, equipping northern businesses with the knowledge, skills and tools that they need to create an export plan and, more importantly, to implement it. Since 2016, the DIT northern powerhouse team has led 83 trade missions to 23 countries, supporting 1,638 companies. My hon. Friend will be pleased to hear that covid-19 has not stopped us, and that 272 northern companies have benefited from nine virtual missions that the northern powerhouse team has delivered since April 2020. Five further such missions are planned for delivery by the end of March 2021.

[Mark Menzies [V]]

I am delighted to have recently joined the parliamentary export programme, which is a DIT-led initiative that focuses on promoting international trade. Fylde, just like Chorley, is home to numerous SMEs that currently do not export their goods and services, but would be well placed to do so. What support and advice will be made available to businesses that are looking to begin exporting and play their part in post-Brexit, global Britain?

[Graham Stuart]

I warmly welcome my hon. Friend to the parliamentary export programme and thank him for all he is doing for businesses in Fylde. In addition to the support I just outlined, I launched the export growth plan in October, with a £38 million internationalisation fund to provide grants for businesses to export. In December, I launched the UK Export Finance general export facility, providing working capital to exporting SMEs—the first product of its kind and available from all the major banks. In 2019, we were the only top 10 exporting country in the world to grow exports. All I can say is that we do not plan to let up.

[Henry Smith (Crawley) (Con)]

What steps her Department has taken to help ensure that businesses in the Coast to Capital local enterprise partnership area can benefit from future free trade agreements.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

We are determined that all regions of the United Kingdom should benefit from free trade agreements. Our English network of international trade advisers includes 30 giving export support in the south-east of England, all of whom have been trained to help companies take advantage of FTAs. We have a range of online resources, including country-by-country guides and tools on great.gov.uk such as “Find an online marketplace” and “Find export opportunities”, in addition to the wide range of webinars that the Department provides.

[Henry Smith [V]]

The Coast to Capital local enterprise partnership is soon to submit a freeport bid for the Manor Royal industrial area south of Gatwick airport. May I have an assurance from my hon. Friend that he will liaise with our right hon. Friend the Chancellor of the Exchequer in support of this excellent initiative?

[Graham Stuart]

I would not want to tread on my hon. Friend’s toes. As he understands, the selection process is ongoing and it will be decided by the Treasury, but obviously we are working very closely with the Chancellor and the Treasury team, precisely to ensure that the opportunities for freeports are assigned to the best possible places and that all the benefits that they can bring are realised, for the benefit of constituents such as my hon. Friend’s.

[Aaron Bell (Newcastle-under-Lyme) (Con)]

What progress she has made on securing a free trade agreement with Australia.

--- Later in debate ---

[Damian Hinds (East Hampshire) (Con)]

What assessment she has made of the export potential in the UK educational technology sector.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

The latest data gathered from a survey by the British Educational Suppliers Association indicates that UK EdTech exports are worth £170 million a year. That is expected to increase in light of the pandemic, which has lifted demand for EdTech products and services. The UK is well placed to take advantage of this trend as the fourth largest market globally. More important than the market value is the difference that good educational technology can make.

[Damian Hinds [V]]

My hon. Friend will recall that, when we worked together on the international education strategy, EdTech was a key export growth area—and that was before, as he mentions, the focus that the pandemic put on its role. What can be done across Government to maximise the export potential of EdTech for the future?

[Graham Stuart]

My right hon. Friend is quite right. It was in his time as Secretary of State for Education that we built much closer ties between our Departments to make sure we could promote educational exports. He is also right to highlight the pandemic’s impact on EdTech. We are working with BESA, the British Educational Suppliers Association, and the Department for Education, his old Department, on a major EdTech event this month, which will connect companies with overseas buyers.

More activity is planned for later in the year in several key markets, supported by the international trade champion, Sir Steve Smith. That post, of course, came out of the work that my right hon. Friend did to develop the international education strategy. He will be pleased to know that we will soon be launching a refreshed international education strategy, in collaboration with the Department for Education and with the support of other Government Departments, that includes provisions to maximise EdTech’s export potential.

[Douglas Chapman (Dunfermline and West Fife) (SNP)]

What discussions she plans to have with her EU counterparts on developing the relationship on services.

--- Later in debate ---

[Caroline Ansell (Eastbourne) (Con) [V]]

The English language is arguably one of our top exports of all time, and English language schools are a vital part of the local economy in my destination constituency of Eastbourne. Can my hon. Friend assure my language schools, hospitality businesses and host families that Ministers are working with the sector to ensure its survival in these difficult days and working on plans for its success when it is once again safe for language learners to travel?

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

No one in this House has done more than my hon Friend to champion the English language sector under the pressures of covid. I congratulate her on today’s question and on the debate that she led in, I think, July, to which I had the honour of replying.

We are determined to champion the interests of the English language sector. That is why it is a key member of the education sector advisory group, which I co-chair with my hon. Friend the Minister for Universities. We are determined across Government to ensure that it can access Government schemes for support. My hon. Friend is also right to say that we should look ahead, and that is why we have produced an enterprise management incentive suppliers catalogue for China and are working to replicate that for growing markets such as Indonesia and Brazil. We have to help those businesses to survive today, and we have to put in place support for the future so that they can grow once again and be such an important part of our education sector and, indeed, our wider cultural offer to the world.

[Duncan Baker (North Norfolk) (Con) [V]]

We were told that, as an independent nation, we could not get a free trade deal with the European Union, but we did. We have also signed more than 60 additional trade deals with nations all around the world, and that is undoubtedly a magnificent achievement for the world’s fifth largest economy. Can my right hon. Friend tell me how these trade deals impact us and what their potential value is to the UK economy?

--- Later in debate ---

[Tom Hunt (Ipswich) (Con)]

T9. This is largely a matter for the Treasury, but I just want assurances from the Government that when it comes to a freeport bid and the levelling-up agenda, which is at the heart of these new freeports, they will keep in mind the huge beneficial impact that being a freeport would have for Felixstowe. It employs 6,000 of my constituents, and there are deprived constituencies around Felixstowe, in Clacton and Ipswich. So I would like a commitment from the Government that that is very much at the centre of their thinking on these freeports.

[Graham Stuart]

My hon. Friend is right to advocate so passionately on behalf of his constituents, particularly those who need that opportunity and that levelling up. This is precisely what the levelling-up agenda and the freeport programme are about, and we are determined that the benefits of our free trade agenda should be shared right across the country, including in Ipswich. Freeports will attract new investors and drive trade and exports, all of which will help to regenerate communities across the UK, through high-skilled jobs and new infrastructure. It is so important that we work together as a House to champion business and jobs. Forget there being a division in the Labour party, its Front-Bench International Trade team could not—

[Mr Speaker]

Order, Mr Stuart. This questions session has not been good, because I am beginning to worry that we have very good answers to those on one side of the Chamber but the answers to those on the other mean that they are not getting the respect they deserve. In fact, on one occasion we had, “No, it is not our responsibility”, but then suddenly when another Member asked, we had, “It is our responsibility”. I want us to be concise in our treatment and the way we deal with all Members of this House. They are representing constituencies, and I expect them to get full and thorough answers, and not the political games, on all sides, that seem to be being played.