Oral Answers to Questions Debate
Full Debate: Read Full DebateGraham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the Department for International Trade
(3 years, 6 months ago)
Commons ChamberNew research published alongside the Board of Trade paper “Global Britain, local jobs” estimates that 418,000 jobs were supported by exports in 2016 in Yorkshire and Humber. [Interruption.] Of course, the shadow Secretary of State laughs at the mention of jobs. It is notable how, in session after session, one issue that the she does not focus on is jobs and the livelihoods on which people depend. Of those jobs—I thank her for stopping her chuntering from a sedentary position. Of those jobs—[Interruption.] Oh, she has not stopped. Of those jobs, 234,000 were supported directly by exporting businesses, while a further 184,000 form part of the UK supply chain of exporting businesses.
I recently hosted an online Department for International Trade roundtable with local businesses, giving advice and support on exporting. Will the Minister please thank his team for helping to host that session? Will he make sure that the Department continues to invest in regional exporting advisers to support businesses across Colne Valley and Yorkshire so that we can continue to take full advantage of the new, exciting opportunities that international trade is bringing?
I thank my hon. Friend: is it not fantastic and uplifting to have someone who is genuinely dedicated to supporting and promoting the jobs upon which so many families depend? I am delighted that he has joined DIT’s parliamentary export programme, as have colleagues from right across this House, supporting and encouraging businesses to grow internationally, including through unlocking the benefits of the free trade agreements. As he rightly highlights, DIT has 28 international trade advisers dedicated to the Yorkshire region who help small and medium-sized enterprises to fulfil their exporting potential and connect them to international business opportunities.
Around 630,000 jobs in the north-west were supported by exports in 2016, and export—[Interruption.]
Export activity helped support a further 472,000 jobs in the region through the consumption spending of export workers in the wider economy. In total, more than 1.1 million jobs—not a laughing matter, Mr Speaker—in the region are linked to exports in some way.
Napoleon said that Britain was a nation of shopkeepers; I want to say that Bolton is a town of exporters. I recently hosted the parliamentary export programme in Bolton North East, seeking to help Bolton businesses such as Ajax Equipment and Velden Engineering to take advantage of new trading relations. Across Greater Manchester, foreign direct investment and foreign capital investment are worth £37 billion to the local economy. What actions is the Minister taking to put Bolton North East at the forefront of the global stage when it comes to research and development?
It is as much my hon. Friend as me who is putting Bolton North East at the forefront. He has joined colleagues as a member of the parliamentary export programme, and I congratulate him on hosting a recent event. He will have seen that we are working hard to help Bolton North East companies take advantage of new global opportunities and promoting a strong north-west R&D offer to international investors through the high potential opportunities programme in frontier sectors such as molecular diagnostics, lightweighting and sustainable packaging.
My hon. Friend is quite right to highlight the importance of supporting SMEs precisely to get into that international business space. That is why we are developing a new export strategy. We have the developing Export Academy, with a range of toolkits and information to support small businesses. We have the internationalisation fund: £38 million of grants to help businesses to overcome any barriers to international trade. Last but not least, we have UK Export Finance, our award-winning credit agency, which has increasing numbers of staff not only across this United Kingdom, but across the world to make sure that SMEs, wherever they go, can be financed and supported to realise those opportunities, which are many.
Like my hon. Friend, I am celebrating the freeport, which will make a positive difference and from which businesses will be able to export all around the world. Our export academy, the new export strategy and other elements are all there to help them to make the most of it, as well as, of course, probably the most ambitious trade policy ever conducted by a major economy in history, which we are successfully prosecuting. If I may, Mr Speaker, I would also like to thank my hon. Friend for briefing me ahead of my visit to Serbia last week, prosecuting the case for British businesses, in his role as the Prime Minister’s trade envoy to the western Balkans.