Oral Answers to Questions

Debate between Mark Prisk and Richard Fuller

Thursday 9th June 2011 Commons Chamber

[Mr Prisk]

I have already corresponded with the hon. Gentleman on the matter. He is right: we should be concerned first and foremost with the welfare of the workers and their families. I strongly emphasise the need to ensure that ACAS continues to be involved in the process. I hope that my letter to the hon. Gentleman and the news that some of the first payments have apparently been made will prove encouraging, but let us keep the dialogue going.

[Richard Fuller (Bedford) (Con)]

I draw Members’ attention to my registered interest in small businesses.

The enterprise investment scheme, which was introduced by the last Government and has been greatly enhanced by the present Government, has increased investment in our early-stage businesses, largely because it provided tax relief for equity investors. Will Ministers consider discussing with Treasury officials whether similar tax incentives can be provided for debt investment in venture capital and early-stage businesses?

[Mr Prisk]

We have made important reforms to the EIS. The technical reform to which my hon. Friend has referred has been and continues to be examined, but no decisions have been made.

Oral Answers to Questions

Debate between Mark Prisk and Richard Fuller

Thursday 17th February 2011 Commons Chamber

[Richard Fuller (Bedford) (Con)]

In towns such as Bedford, there is a tremendous opportunity for small business men and women to support start-ups and entrepreneurs in their local communities with time, advice and money. Will the Minister consider ways in which he can support such community-led efforts to promote jobs and enterprise in local communities?

[Mr Prisk]

My hon. Friend exactly describes the great role of local enterprise partnerships, which provide the opportunity to forge together not only entrepreneurs but angel investors and local civic leaders. We are determined to grow the economy; the Opposition have nothing to offer. I am sorry that they are not prepared to listen and learn. They had 13 years in which we watched many parts of England and Wales fall behind. We are determined to ensure that that is not the case.