Oral Answers to Questions

Debate between Mark Pawsey and Margot James

Tuesday 14th March 2017 Commons Chamber

[Margot James]

I assure my hon. Friend that we consult small businesses all the time. The Department for Exiting the European Union regularly engages with the Federation of Small Businesses. We will, in due course, ask that Department to hold a roundtable for small businesses to discuss the very issues that he raises.

[Mark Pawsey (Rugby) (Con)]

7. What steps he is taking to support small business growth.

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Margot James)]

rose—

[Margot James]

I am glad that the hon. Lady is so keen to hear my answer to this question.

We support small business growth by ensuring that small businesses can access finance and wider support. The British Business Bank is already supporting more than 54,000 smaller businesses with £3.4 billion of finance, and I am leading a taskforce to enable SMEs to accelerate their growth potential and realise their growth prospects quicker.

[Mark Pawsey]

I know that Rugby is a great place to run a business, but many small businesses continue to tell me that an obstacle to their expansion is still a shortage of suitable industrial premises. At a time when our authority is preparing its local plan, what discussions has my hon. Friend had with her counterparts in the Department for Communities and Local Government to ensure that adequate land is allocated for the development of business units?

[Margot James]

We work closely with the Department for Communities and Local Government, and I recently co-chaired a successful roundtable with my hon. Friend the Minister for Housing and Planning and providers of finance. We will be having a further meeting, and I shall obviously consider the needs of businesses in Rugby for more space.

Oral Answers to Questions

Debate between Mark Pawsey and Margot James

Tuesday 13th December 2016 Commons Chamber

[Mark Pawsey (Rugby) (Con)]

T3. A construction business my constituency has alerted me to corporate mandate fraud, by which a fraudster pretends to be a company and asks its customers to change the bank account details for future payments. What steps can the Minister take to alert all businesses to such criminal behaviour? What discussions has she had with the Home Secretary about bringing the perpetrators to justice?

[Margot James]

I am grateful to my hon. Friend for drawing attention to this type of fraud, which affects businesses in all sectors. It is essential that business owners and staff know what to do when they are notified of changes to bank account details. The best pointer in the first instance is the advice available on the Action Fraud website.

Oral Answers to Questions

Debate between Mark Pawsey and Margot James

Tuesday 8th November 2016 Commons Chamber

[Mark Pawsey (Rugby) (Con)]

12. What steps his Department is taking to increase opportunities for the development of small businesses.

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Margot James)]

We are committed to creating the best environment for small businesses to start and grow. The British Business Bank has provided £3.2 billion of finance to over 51,000 small businesses. The doubling of the small business rate relief will mean that 600,000 small and medium-sized enterprises will pay no rates at all.

[Mark Pawsey]

The Minister will be pleased to hear from Rugby’s local chamber of commerce that our businesses are doing well—so well, in fact, that there is a shortage of industrial accommodation, especially smaller units, and that is holding back start-ups and small businesses wanting to grow. Can any steps be taken to encourage property developers to provide more accommodation for this important sector?

[Margot James]

My hon. Friend works tirelessly for businesses in Rugby, and it is great to hear about their growth. I urge him to get in touch with the Coventry and Warwickshire LEP. When I visited it in September, I was advised that the Coventry and Warwickshire growth hub is providing support to local businesses that are expanding and looking to move premises.