Neil Carmichael
Main Page: Neil Carmichael (Conservative - Stroud)Department Debates - View all Neil Carmichael's debates with the Leader of the House
(13 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sir George Young
Owing to the eloquence of the hon. Lady we have almost had that debate. She will be pleased to hear that manufacturing output increased by some 5% in the first quarter of the year. I entirely endorse every word that she said; manufacturing is important to this country’s future, and I hope that the steps we have taken in the Budget will encourage inward investment and the production of yet more eco-friendly engines at the plant in Bridgend.
Neil Carmichael (Stroud) (Con)
Given the interest in the subject of bank lending to small and medium-sized enterprises and the forthcoming Independent Commission on Banking report, may we have a debate on that issue?
Sir George Young
My hon. Friend will know that under Project Merlin a specific commitment was given to increase lending to SMEs—I believe the figure was some £90 billion—and we are very anxious that that should be maintained. I am sure that when we have the ICB’s final report there will be an opportunity to discuss this matter at greater length. It is important that SMEs have continued access to bank lending so that they can invest in the future.