Oral Answers to Questions

Stephen Kerr Excerpts

Tuesday 16th October 2018 Commons Chamber

[Greg Clark]

We need to make sure that we have a negotiated deal along the lines of the proposals made in the White Paper that have been welcomed by the manufacturing industry in all parts of the UK.

[Stephen Kerr (Stirling) (Con)]

22. One of the effects of leaving the European Union is that Scottish businesses will not have access to patient capital from the European Investment Bank, so will my right hon. Friend take the time to review the industry panel’s response to the patient capital review, which highlights the need for a patient capital investment vehicle? With only a few changes, the British Business Bank could become such a vehicle.

[Greg Clark]

My hon. Friend is right. Part of the industrial strategy is about making more patient capital available in Scotland and all across the UK for growing businesses, of which he has many in his constituency.