Oral Answers to Questions

Debate between Mark Prisk and Mark Menzies

Thursday 8th December 2011 Commons Chamber

[Mark Menzies (Fylde) (Con)]

T9. Will the Minister update me on what efforts are being taken to attract inward investment into enterprise zones such as that in Warton in my constituency?

[The Minister of State, Department for Business, Innovation and Skills (Mr Mark Prisk)]

We have made good progress on enterprise zones. I know that locally there is a team working together with UK Trade & Investment on specific live commercial projects, and I am hopeful of real progress in the next few months.

Oral Answers to Questions

Debate between Mark Prisk and Mark Menzies

Thursday 8th July 2010 Commons Chamber

[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.