Oral Answers to Questions

Debate between Vince Cable and Andrew Stephenson

Thursday 26th March 2015 Commons Chamber

[Andrew Stephenson (Pendle) (Con)]

1. What plans his Department has to support aerospace engineering in Pendle constituency over the next five years.

[The Secretary of State for Business, Innovation and Skills (Vince Cable)]

Government and industry are working together in the aerospace growth partnership to implement a long-term industrial strategy that benefits companies throughout the UK. This is backed by a £2 billion investment over seven years in aerospace research, and a £250 million sharing in growth supply chain improvement programme. ELE Advanced Technologies in Pendle is one company benefiting from that programme.

[Andrew Stephenson]

The aerospace sector is vital to Pendle’s local economy, and as vice-chair of the all-party group for aerospace I have been pleased with the level of support provided to the industry by the Government over the past five years. Although overall the aerospace sector across Pendle is doing well, Rolls-Royce has cut its work force at its two Barnoldswick sites. What more can my right hon. Friend do to support Rolls-Royce to maintain and expand its operations in Pendle?

[Vince Cable]

Perhaps I may preface my answer by reflecting on the fact that I think I have held this job, or its equivalent, for longer than anybody in 60 years, and I thank everybody in the House for their interest in the affairs of the Department for Business, Innovation and Skills over those five years. I thank you, Mr Speaker, for your impartial oversight of our proceedings, but I will stop short of wishing everybody well in the forthcoming election.

The hon. Member for Pendle (Andrew Stephenson) is right to say that the aerospace sector is booming, and I think his constituency contains the headquarters of the North West Aerospace Alliance. He is also right to say that despite its considerable successes, his constituency has lost 100 jobs out of the 1,000 at Rolls-Royce. We are supporting Rolls-Royce in many aspects of the industrial strategy, and in surrounding constituencies such as Burnley there is unalloyed success with Aircelle’s recent big investment supported by the regional growth fund.

Oral Answers to Questions

Debate between Vince Cable and Andrew Stephenson

Thursday 20th November 2014 Commons Chamber

[Andrew Stephenson (Pendle) (Con)]

T1. If he will make a statement on his departmental responsibilities.

[The Secretary of State for Business, Innovation and Skills (Vince Cable)]

My Department plays a key role in supporting the rebalancing of the economy through business to deliver growth while increasing skills and learning.

[Andrew Stephenson]

The town of Barnoldswick in my constituency won a great British high street award in November, and the town of Colne, where shop vacancies have more than halved in the past two years, has been branded “the capital of cool” by Tourism Lancashire. What recent support has my right hon. Friend’s Department provided to small business to help them to continue to grow and thrive?

[Vince Cable]

I congratulate my hon. Friend on the active role he plays in supporting his local commercial community. As the Minister for Business and Enterprise, my right hon. Friend the Member for West Suffolk (Matthew Hancock), described a few moments ago, we are actively involved in supporting small business through the start-up loan scheme, through credit flows to the business bank and by creating a deregulatory and favourable tax environment.

Royal Mail

Debate between Vince Cable and Andrew Stephenson

Wednesday 10th July 2013 Commons Chamber

[Vince Cable]

The hon. Gentleman is venturing into a fantasy world. The service obligation is universal and I was providing reassurance that the Government have back-stop powers to protect that obligation, not to undermine it.

[Andrew Stephenson (Pendle) (Con)]

I warmly welcome today’s announcement. It was a pleasure to serve on the Postal Services Bill Committee and watch the previous Government’s half-baked privatisation plans become the excellent proposals before us today. Does the Secretary of State agree that the proposals represent an excellent deal for postmen and postwomen across the UK, allowing Royal Mail to modernise and win a higher proportion of the rapidly expanding packages market?

[Vince Cable]

Yes, that is absolutely right. Royal Mail is making money from packaging although it is losing money from traditional mail delivery. It is therefore important that it has the investment to take that packaging business forward.

Industrial Strategy

Debate between Vince Cable and Andrew Stephenson

Monday 10th September 2012 Commons Chamber

[Vince Cable]

We are of course dealing with a gradual evolution of policy; business wants certainty and clarity, rather than sudden changes. I return to the point I made in response to the hon. Member for Streatham: we are starting from an inherited position on the manufacturing industry that was very weak after a long period of decline. Turning that around will not be easy.

[Andrew Stephenson (Pendle) (Con)]

The Secretary of State had a starring role in the Channel 4 programme “Bank of Dave”, in which I made a brief cameo appearance. He talked today about access to finance being a key part of an industrial strategy. I hope he agrees with me that local banks such as Dave’s bank have a key role to play in that.

[Vince Cable]

I thank my colleague for that. I have met Dave. He is an impressive entrepreneur and very public-spirited and, as I understand it, is doing a great job in Burnley in channelling savings directly to local businesses. That seems an extremely attractive model that could well be reproduced elsewhere.

Oral Answers to Questions

Debate between Vince Cable and Andrew Stephenson

Thursday 6th September 2012 Commons Chamber

[Andrew Stephenson (Pendle) (Con)]

There has been a series of positive announcements from the aerospace industry in the last few months, especially from companies such as Rolls-Royce, which employs more than 1,000 people in my constituency. Will my right hon. Friend say more about what he is doing to support the aerospace sector?

[Vince Cable]

Within the last few months I have been to Sheffield to open a new centre developing frontier research on materials. There is in addition work on aerodynamics, which we developed through a new grant under the leadership programme that we have in relation to the aerospace sector. Aerospace is an excellent example of how Government and industry can work together to create growth and world-leading industries.

Local Growth White Paper

Debate between Vince Cable and Andrew Stephenson

Thursday 28th October 2010 Commons Chamber

[Vince Cable]

The hon. Gentleman is right: we need to take maximum advantage of the regional funding available from the European Union. RDAs have a residual role in that, but the process of collating our bids and making sure that we get maximum value will be led by my right hon. Friend the Secretary of State for Communities and Local Government.

[Andrew Stephenson (Pendle) (Con)]

Businesses in Pendle and I are keen that the Pennine Lancashire bid, for which we have recently submitted additional information, will be approved soon. Will the Secretary of State reassure me that the remaining decisions on LEPs will be taken speedily?

[Vince Cable]

Yes, I can give that assurance. My colleague in the other place, Lord Greaves, has been bending my ear on that proposal, and it seems a good one, but we need to rationalise it.

Oral Answers to Questions

Debate between Vince Cable and Andrew Stephenson

Thursday 14th October 2010 Commons Chamber

[Vince Cable]

I am sorry that I did not have the opportunity to visit the hon. Gentleman’s constituency. I will try to make up for that in future. We want to attract inward investment, but it was not at all clear that the best way of doing so was through the RDAs, which were duplicating each other’s work. In key overseas countries, for example, there have often been several RDAs competing with each other, using public money in a completely unstructured and unhelpful way. We are going to resolve that.

[Andrew Stephenson (Pendle) (Con)]

T6. In my constituency of Pendle, many graduates earn far less on average than those working in other parts of the country. Does my right hon. Friend welcome the Browne review’s proposals to raise the threshold for fees repayment from £15,000 to £21,000?