Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what is their estimate of the number of job losses in the UK that might result if the US were to impose the proposed 25 per cent tariff on steel imports.
Answered by Lord Henley
Total US imports of steel from the UK in 2017 were 351 thousand tonnes with a value of £360m. This represents 5% of UK steel production in 2017, in tonnage. We are working closely with the steel and aluminium industries to assess the potential impact of these measures.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government which Local Enterprise Partnerships were unsuccessful in bids for funding from the Regional Growth Fund; and what is the breakdown of reasons for those bids not succeeding.
Answered by Lord Prior of Brampton
The six rounds of the Regional Growth Fund were run on a competitive basis. The bids submitted in each of the various rounds were made in confidence due to the commercially sensitive information specific to the bid. We therefore do not disclosure information on unsuccessful bids.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government how many of the expected 550,000 jobs have been (1) safeguarded, and (2) created, to date, as a result of the Regional Growth Fund.
Answered by Lord Prior of Brampton
229,677 monitored jobs have been created and safeguarded to date.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government how much of the expected £16 billion of private sector investment for the Regional Growth Fund has already been secured; and from which industry sectors that investment has been received.
Answered by Lord Prior of Brampton
Private sector investment secured by the Regional Growth Fund to date stands at £8.5 billion. Private leverage has been secured from the following sectors:
Access to finance
Business support
Development - Commercial
Development - Housing
Manufacturing - Aerospace
Manufacturing - Automotive
Manufacturing - Chemical
Manufacturing - Electronics
Manufacturing - Food
Manufacturing - Low carbon/renewables/energy
Manufacturing - Materials
Manufacturing - Materials/chemicals/pharma
Manufacturing - Pharma/ Life Sciences
Manufacturing - Transport/telecoms/utilities/port
Manufacturing - Transport/telecoms/utilities/ports/infrastructure
Manufacturing - Waste
Services - Consumer services
Services - Finance & business
Services - Media/Technology
Services - Tourism
Skills
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government which Local Enterprise Partnerships (1) applied for, and (2) were successful in receiving, funds from the Regional Growth Fund in each of the six funding rounds.
Answered by Lord Prior of Brampton
The following Local Enterprise Partnerships (LEPs) have received awards from the Regional Growth Fund:
Black Country LEP
Coast to Capital LEP
Cornwall & Isles of Scilly LEP
Coventry and Warwickshire LEP
Cumbria LEP
D2N2 Local Enterprise Partnership
East Riding Enterprise Partnership
Greater Birmingham and Solihull LEP
Greater Cambridge Greater Peterborough Enterprise Partnership, New Anglia LEP (1 bid, 3 partners)
Greater Lincolnshire LEP and Humber LEP
Greater Manchester LEP
Humber LEP
Lancashire LEP
Leeds City Region LEP
Leicester & Leicestershire Enterprise Partnership
Liverpool City Region LEP
New Anglia Local Enterprise Partnership
North East LEP
Northamptonshire LEP
Sheffield City Region LEP
Solent LEP
Stoke & Staffs LEP
Tees Valley Unlimited Local Enterprise Partnership
The Marches
West of England LEP
Worcestershire LEP
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government what plans they have for future funding rounds of the Regional Growth Fund; and whether they expect bids to be open to public and private sector organisations.
Answered by Lord Prior of Brampton
Following the 2015 Spending Review no future rounds of the Regional Growth Fund are proposed.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government what assessment they have made of the impact of the Regional Growth Fund on stimulating enterprise in the English regions.
Answered by Lord Prior of Brampton
The £2.6 billion Regional Growth Fund is on track to deliver £16 billion of private sector investment and over 550,000 created or safeguarded jobs by the mid-2020s.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government what assessment they have made of the impact of the Regional Growth Fund in assisting the areas and communities in England that are currently dependent on the public sector make the transition to sustainable private sector-led growth and prosperity.
Answered by Lord Prior of Brampton
The £2.6 billion Regional Growth Fund is on track to deliver £16 billion of private sector investment and over 550,000 created or safeguarded jobs by the mid-2020s.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government what assessment they have made of the risk to, and effect on, the UK economy and British businesses of the UK being left out of the development by the EU of a digital single market.
Answered by Baroness Neville-Rolfe - Minister of State (Cabinet Office)
The UK remains a member of the EU and will continue to play an active role in the development of the Digital Single Market until the formal and legal process of leaving the European Union has been finalised.
I will be working with colleagues across government to make sure we understand the potential risks and opportunities for our economy.
Asked by: Lord Allen of Kensington (Labour - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government, in the light of the changes that have placed responsibility for universities within the Department for Education and the responsibility for research, including for the research councils and Innovate UK with the Department for Business, Energy and Industrial Strategy, how they plan to ensure that businesses and the university sector work closely together to maintain the UK's research and science base, and to make the UK an attractive place to innovate.
Answered by Baroness Neville-Rolfe - Minister of State (Cabinet Office)
This Government has demonstrated its commitment to the UK’s research and science base, protecting £4.7bn funding in real terms at the Spending Review. Our proposals set out in the Higher Education and Research Bill will meet Sir Paul Nurse’s ambition to strengthen strategic leadership and maximise the benefit from the Government’s investment in research and innovation.
A single minister for Universities and Science whose portfolio spans both departments will ensure coherence and integration across universities, research councils and Innovate UK and have a strong input into our industrial strategy.