Oral Answers to Questions

Kelly Tolhurst Excerpts

Wednesday 2nd November 2016 Commons Chamber

[The Prime Minister]

We understand the challenges faced by the UK oil and gas industry and we take them very seriously. That is why we established the Oil and Gas Authority and why we have taken action, with the £2.3 billion package of measures in the last two Budgets, to make sure that the North sea continues to attract investment, and to safeguard the future of that vital national asset. We have taken a range of measures. We understand the concerns about the oil and gas industry, which is why the Government have already taken action.

[Kelly Tolhurst (Rochester and Strood) (Con)]

Q11. Rochester airport and Medway city industrial estate in my constituency are home to a growing number of successful science and tech SMEs that are doing wonders for innovation and our economy. Ahead of my right hon. Friend’s trade mission to India, I congratulate her on her decision to take with her a cohort of SMEs to help to increase trading relationships with emerging economies. Will her delegation continue to ensure that all parts of our economy are able to seize the opportunities that present themselves as we leave the EU?

[The Prime Minister]

My hon. Friend is absolutely right about the importance of small and medium-sized businesses, particularly in the technology industry. That is why I am pleased that I will take leading small and medium-sized businesses from the life sciences and technology sectors with me on my forthcoming trip to India. It is important to enable them to forge trading links with India, and I assure my hon. Friend that, as we look at the arrangements for leaving the European Union, we will take the interests of all sectors into account.