Oral Answers to Questions

Debate between Vince Cable and Stuart Andrew

Thursday 7th February 2013 Commons Chamber

[Stuart Andrew (Pudsey) (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.

[Stuart Andrew]

A number of businesses in my constituency that I have visited have reported welcome news of an increase in orders from abroad. However, they have raised concerns about the time it takes to get export licences. In order to help those companies to remain competitive, what is my right hon. Friend’s Department doing to try to speed up efficiency in that respect?

Oral Answers to Questions

Debate between Vince Cable and Stuart Andrew

Thursday 15th March 2012 Commons Chamber

[Stuart Andrew (Pudsey) (Con)]

5. What recent progress he has made in increasing inward investment.

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

In December 2011 the Office for National Statistics reported a record stock of foreign direct investment in the UK at £731 billion. The Government are determined to continue to improve the UK business environment to make us a global investment location of choice. The recent major automotive investment by Nissan and the expansion of Jaguar Land Rover are very good examples of that.

[Stuart Andrew]

I am grateful to the Secretary of State for that answer. Attracting inward investment is going to be a key element of aiding our economic recovery. Will he inform the House of any figures he might have showing how the United Kingdom is doing in this area compared with the rest of Europe?

[Vince Cable]

Britain is the third-best attractor in the world of direct foreign investment and the leading country in Europe. That remains the case; indeed, the position has been strengthened by the decisions we have taken over the past 18 months.

Oral Answers to Questions

Debate between Vince Cable and Stuart Andrew

Thursday 27th October 2011 Commons Chamber

[Vince Cable]

I definitely think we should put the bunting out for the regional growth fund. As I explained in my first answer to this question, more than half of all these projects are now under way. Factories have been built; jobs have been created—that is what it is about. As was made clear at the outset and as Lord Heseltine made clear a few days ago, the release of funding is a later stage in the process when due diligence has been completed. Are the Labour Front-Bench team seriously arguing that we should dispense with controls over the spending of public money in the private sector? I know they did that in government, but we are not going to do it.

[Stuart Andrew (Pudsey) (Con)]

6. What steps his Department is taking to promote manufacturing skills.