Regional Growth Fund Debate

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Edward Timpson

Main Page: Edward Timpson (Conservative - Eddisbury)

Regional Growth Fund

Edward Timpson Excerpts
Tuesday 1st November 2011

(12 years, 6 months ago)

Westminster Hall
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Esther McVey Portrait Esther McVey
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No, not just yet; I will in a second. When we talk in Westminster Hall about the confidence that business needs—we all know that that cannot really be defined but is necessary—it helps for all parties to give confidence to business.

Edward Timpson Portrait Mr Edward Timpson (Crewe and Nantwich) (Con)
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My hon. Friend has touched on the importance of business confidence. I am sure that as a fellow north-west MP, she will be pleased to hear that Bentley Motors in my constituency, which has already invested £1 billion in its Crewe plant, has secured money not only in the first round but in the second round of the regional growth fund—a further £3 million to boost its research and development. The company has said that that will not only secure the current jobs, but create more jobs in the local area. For the south Cheshire area and Crewe in particular, that is vital to ensuring that business confidence remains and that businesses can continue to invest in future.

Esther McVey Portrait Esther McVey
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That is indeed vital. When we talk in the House and our words are taken down in Hansard and when people look at it on the internet, people must not just hear doom and gloom, because in reality many positive things are happening and they are coming from private industry.