Mark Menzies
Main Page: Mark Menzies (Independent - Fylde)Department Debates - View all Mark Menzies's debates with the Department for Education
(13 years, 9 months ago)
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Mark Menzies (Fylde) (Con)
1. What steps he plans to take to encourage inward investment to the north-west.
The Minister of State, Department for Business, Innovation and Skills (Mr Mark Prisk)
UK Trade & Investment works with local partners to support inward investors, and in 2008-09 it helped to create or safeguard more than 10,000 jobs in the north-west. The Government intend to publish a White Paper later this year, which will provide more detail on how inward investment can best be supported by UKTI and the Government as a whole.
Mark Menzies
I thank the Minister for his answer. I am sure that many businesses in Fylde will welcome his response. In his recent speech, the Chancellor of the Exchequer said that Britain was open for business. Can the Minister give an example of a business that is taking that on board?
Mr Prisk
That is an excellent question; let me give an example. The Chancellor’s decision to simplify and reduce corporate tax rates will directly help to attract more investment. Indeed, by 2014, this country will have the lowest corporation tax rates of any major western country. That is good for investment and good for jobs.