(13 years, 1 month ago)
Commons Chamber7. What steps he is taking to assist unemployed people to start new businesses.
The new enterprise allowance is now available nationwide and is providing access to business mentors and financial support to help unemployed people start their own businesses. On 14 November we launched My New Business, a service on the Business Link website, providing help for everyone looking to start a new business.
As QinetiQ in my constituency has restructured, many of the brilliant brains employed there have started new businesses in a range of different areas. May I invite the Minister to Malvern to help back my campaign for phase 4 of the Malvern Hills science park as a further incubator?
It would be a delight to visit Malvern. I know that my hon. Friend is trying—successfully, given the number of high-tech businesses there—to market Malvern as a cyber-valley. We know that silicon valley has prospered because of the links between existing high-tech firms and new ones, and I know that that is what she wants to achieve.
What guarantees can the Minister provide that the banks will actually lend to newly formed businesses run by previously unemployed people? They are not lending to existing businesses, so why should they lend to new ones?
As the Minister of State, Department for Business, Innovation and Skills, my hon. Friend the Member for Hertford and Stortford (Mr Prisk), said earlier, the intention is—and the banks are delivering on this—that they increase lending to small businesses year on year. That is part of the loan guarantee scheme announced in the autumn statement, and we are determined to deliver on it.
(13 years, 3 months ago)
Commons Chamber11. What recent discussions he has had with the Chancellor of the Exchequer on support for seaside town economies.
My two Departments, the Department for Business, Innovation and Skills and the Department for Communities and Local Government, have regular discussions with the Treasury about support for economies. My hon. Friend will know that the Chief Secretary to the Treasury has announced the coastal communities fund, which will be available from April.
Two Select Committee reports have identified that one of the main problems facing coastal communities is poor transport links. May I invite the Minister to visit the warm and welcoming English riviera to see the challenges and opportunities there, which could be fully addressed by better transport links?
A visit to the English riviera is an enticing invitation, and I will be delighted to go there. My hon. Friend is right to say that connectivity is a concern for all coastal communities, and I know that he is waiting for a decision on the south Devon link road. I cannot pre-empt that, but I think I will go by train this time to avoid any delays.
Will the right hon. Gentleman place in the Library a copy of the advice he received from BIS officials—not DCLG officials—on the historical disadvantages that seaside towns and cities face, particularly those relating to access and business failures? Clearly the advice was not forceful enough, because neither Torbay nor Plymouth was successful in this round of bids for local enterprise zones, as he well knows.
As the hon. Lady knows, we have had discussions about Plymouth. I very much hope that all the representatives of Plymouth will join in putting together an area to attract business that is very much in keeping with the enterprise zone proposal. Of course I will put together a package of the research and make it available to her.
12. How much capital expenditure for scientific research his Department has allocated in 2011-12 to date.