Iain Stewart
Main Page: Iain Stewart (Conservative - Milton Keynes South)Department Debates - View all Iain Stewart's debates with the Department for Education
(10 years, 6 months ago)
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Vince Cable
The funding for lending scheme has had a very significant impact on the mortgage market. It has had a much lesser impact on small business, but it has recently been adapted, and I believe it has been used by some of the new competitor banks such as the Aldermore. We certainly welcome that.
Iain Stewart (Milton Keynes South) (Con)
Yesterday evening, I had the pleasure of attending the formal launch of the transport systems catapult, which is going to be based in Milton Keynes. Does my right hon. Friend agree that this will be an important innovation to reaffirm the UK’s leading role in transport technology development?
Mr Willetts
This is a very important event—investment in our transport infrastructure to make it smart and innovative. It is backed with £50 billion of BIS money, with support from the Department for Transport—and, most importantly, with substantial business support as well.