(10 years, 1 month ago)
Commons ChamberI agree. It was a delight to be at the Devonport dockyard to sign the Plymouth city deal in the company of my hon. Friend. Of course, the south-west relies on good transport connections. He will know that the south-west growth deal included a lot of investment in roads. He was kind enough to come to Exeter for the signing of that deal. I encourage him to work with his local enterprise partnership to put forward the best new projects for what I hope will be the next round of growth deals.
The Minister will not be surprised to know that I endorse the comments of the hon. Member for Edinburgh West (Mike Crockart) about Edinburgh being an ideal location for the next round of city deals, particularly for one focused on the regeneration of Leith docks, which happens to be in my constituency.
I am delighted that representations are coming from all parts of the House for building on the success of our city deals programme.
(12 years, 6 months ago)
Commons Chamber13. The most recent Bank of England survey says that smaller firms continue to report that they are unable to obtain credit and that it has become harder to secure long-term funding. That issue is raised by Members on both sides of the House every month at BIS questions. The Government may have introduced some measures to provide finance to small businesses, but they are clearly not doing enough. Is it not time to develop some new policies?
All Members of the House recognise the need to encourage banks to lend to small businesses. There is some good news; the volume of lending to small businesses in 2011—the latest year for which figures are available—was £75 billion, a rise of 13%, but there is more to be done. With my colleagues in the Department for Business, Innovation and Skills, we are doing everything we can to encourage banks to lend to small businesses.