(10 years, 7 months ago)
Commons ChamberThe hon. Gentleman is quite right. Indeed, one of the more encouraging signs over the past year is that unconventional forms of lending, such as crowdfunding, are becoming increasingly common. The Government are supporting two of the main schemes that operate on a peer-to-peer lending basis. Lending is expanding very rapidly in that sector for the small and medium-sized companies that need it.
8. What support he is providing to the life sciences sector.
(10 years, 8 months ago)
Commons ChamberT1. If he will make a statement on his departmental responsibilities.
My Department plays a key role in supporting the rebalancing of the economy through business to deliver growth while increasing skills and learning.
Portakabin, the world-class modular building company which is based in my constituency, has raised the possibility of supporting British exports through assistance with the translation of foreign regulations. What steps is the Secretary of State taking to deliver that vital service, which could break down barriers to trade and boost United Kingdom exports?
I know that the Prime Minister visited the hon. Gentleman’s constituency recently and was very impressed by the Portakabin initiative. We have a concrete proposal for the establishment of a single market centre to help companies to negotiate overlapping regulations, particularly those relating to export controls. Translating regulations into a common language would make the process easier.
Post offices have had a remarkably good deal—I am repeating what I have said many times. We have put a line under the large-scale closures repeatedly experienced under the previous Government. Despite the pressures on public finance, we are investing £1.3 billion. Post offices have a 10-year agreement to provide stability in their link with Royal Mail. This very difficult business is being sustained in an exceptionally attractive environment.
I warmly welcome the statement: modernisation of Royal Mail is long overdue. A six-day delivery service is a lifeline for isolated rural communities. May I stress to my right hon. Friend how important it is to maintain that and ask him to do all he can to make sure it happens?
That does not require any effort from me: the hon. Gentleman is a Member of this House who voted through legislation that embeds that commitment in law.
(11 years, 6 months ago)
Commons ChamberThe Prime Minister’s pressure for EU reform is necessary. I work with like-minded Ministers in other European countries to help to deliver that reform. We are all agreed that we need a minimum of uncertainty to attract inward investment. It is incumbent on all who want jobs in Britain to sound that positive message.
T2. With youth unemployment falling—sadly, it is still too high—is it not more important than ever that we prepare young people to enter work properly with the right skills, on which York college and Askham Bryan college in my constituency are doing great work? How will the proposed traineeship scheme support that?
(13 years, 9 months ago)
Commons ChamberThe hon. Gentleman is right on a matter of fact: this is a cap on non-EU migration, not on migration from the EU.
23. What plans he has for the future of the regional growth fund.