Oral Answers to Questions

Debate between Vince Cable and Rehman Chishti

Thursday 8th January 2015 Commons Chamber

[Vince Cable]

The Automotive Council UK is one of the success stories of industrial strategy. There is a great deal of commitment from industry and, indeed, on both sides of the House. The talent retention scheme is working well: if engineers are lost in particular sectors of the economy, they are speedily re-employed elsewhere and the skills base—which, as my hon. Friend implies, is inadequate—is maintained.

[Rehman Chishti (Gillingham and Rainham) (Con)]

16. What support he is providing to businesses wanting to take on apprentices.

Oral Answers to Questions

Debate between Vince Cable and Rehman Chishti

Thursday 24th October 2013 Commons Chamber

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

We are doing more than ever to support small business. More than 7,000 start-up loans have been drawn down since the scheme’s launch in September 2012. Over the past year, UK Trade & Investment has helped 31,800 businesses to export, the growth accelerator scheme has supported more than 9,000 small businesses, and the regional growth fund has helped a further 3,000.

[Rehman Chishti]

I am grateful to the Secretary of State for that answer. Will he clarify how many businesses have been backed by the Government’s start-up loan scheme, and are there any plans to extend it further?

[Vince Cable]

We estimate that something of the order of 7,000 start-up loans have been drawn down since the scheme’s launch in September 2012, a significant number of them in the hon. Gentleman’s constituency. To sustain it, we have made available an extra £34 million from September, to bring the total to £151 million.

Oral Answers to Questions

Debate between Vince Cable and Rehman Chishti

Thursday 7th February 2013 Commons Chamber

[Vince Cable]

The business bank has already been organised and as I just mentioned, the expert committee met for the first time a couple of days ago and its products are already being prepared. As the hon. Gentleman will know, we have to go through the state aid process before it can operate fully. In the meantime, it can operate within constraints—pari passu lending, for one thing—and I can assure him that it will make a significant contribution.

[Rehman Chishti (Gillingham and Rainham) (Con)]

Will the Secretary of State join me in welcoming the news that in the third quarter of 2012 there was a record number of company formations in Gillingham?

[Vince Cable]

Yes, and I think my hon. Friend makes an important point, which is that although we frequently hear from the prophets of doom on the Opposition Benches, a large amount of entrepreneurial activity is taking place. The percentage of the population engaged in business has increased from about 6% to 9% in the past two years, and what is happening in Gillingham is an example of that.

Oral Answers to Questions

Debate between Vince Cable and Rehman Chishti

Thursday 6th September 2012 Commons Chamber

[Vince Cable]

I would like to reciprocate by congratulating my hon. Friend on the work that he has done on campaigning for the Ensus plant, which was mothballed but has now been reopened, creating substantial employment. I believe that a significant number of other bioethanol plants are also in gestation, encouraged by the clarity of policy. One key element was the success that we had in persuading the European Union on the subject of unfair competition from overseas. That loophole has now been closed and there is a good business environment.

[Rehman Chishti (Gillingham and Rainham) (Con)]

18. What discussions he has had with the Secretary of State for Communities and Local Government on the effects on business of city deals.

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

Local enterprise partnerships were at the heart of the eight deals with the core cities that were concluded in July, to ensure a strong focus on the growth priorities of business. An estimated 175,000 jobs over the next 20 years, and 37,000 apprenticeships, could result from those deals.

[Rehman Chishti]

When will the second round of city deals open, so that excellent local authorities such as mine can apply?

[Vince Cable]

The cities Minister, who is now in the Treasury, has been discussing with me and the Secretary of State for Communities and Local Government how we will launch the second phase and the criteria that should be employed. I believe there will be an announcement very soon.

Oral Answers to Questions

Debate between Vince Cable and Rehman Chishti

Thursday 13th January 2011 Commons Chamber

[Rehman Chishti (Gillingham and Rainham) (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 is the Department for growth, and has a key role in supporting business to deliver growth, in rebalancing the economy by bringing enterprise, manufacturing, training, learning and research closer together, and in the process creating a stronger, fairer British economy.

[Rehman Chishti]

Business leaders in my constituency are concerned about the effects of rising costs, such as fuel prices. What support is being given to businesses to help them with such pressures in these difficult times?