Business of the House

Brandon Lewis Excerpts

Thursday 28th April 2011 Commons Chamber

[Sir George Young]

We have just had a very substantial debate about the Budget, and we will deal with parts of the Finance Bill next week, so it might be appropriate for the hon. Gentleman to raise those subjects then. I commend the work done by the working clubs in his constituency.

[Brandon Lewis (Great Yarmouth) (Con)]

Small and medium-sized businesses play a major role in the economy of Great Yarmouth, particularly with reference to the importance of tourism, and I welcome the Government’s work to target the sector, recognising that it can drive growth. We can do more, however, particularly with regard to regulations, so can we have a debate in the House about the specific needs of SMEs?

[Sir George Young]

I commend the SMEs in my hon. Friend’s constituency, which are doing such heroic work, and measures have been announced in the Budget. A new capital fund is being set up to help SMEs to access capital, as identified by the Rowlands review; we have announced a moratorium exempting micro-businesses and start-ups from new domestic regulations for three years from 2011; and we are going to drop proposals for specific regulations that would have cost £350 million a year to implement. I am sure that SMEs in my hon. Friend’s constituency will welcome that.