Gavin Williamson
Main Page: Gavin Williamson (Conservative - South Staffordshire)Department Debates - View all Gavin Williamson's debates with the Department for Education
(11 years, 4 months ago)
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Michael Fallon
I am aware of the issue in my hon. Friend’s constituency concerning the implementation of the biocidal products directive. Systemic, not just isolated, problems are damaging the relationship between regulators and industry. Last month we acted to stop regulator charging regimes that incentivised regulators to increase their costs to industry, and we will place a duty on regulators to bear down on costs and report publicly on how costs and fees are calculated. Regulators will have to demonstrate that they are efficient, and give industry the information it needs to hold regulators to account.
Gavin Williamson (South Staffordshire) (Con)
15. What steps he is taking to encourage greater investment in the manufacturing sector.
The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)
Manufacturing is crucial to economic recovery. The autumn statement announced measures to encourage greater investment in manufacturing, including a significant increase in the annual investment allowance from £25,000 to £250,000; £310 million for the regional growth fund; and an extra £120 million for the advanced manufacturing supply chain initiative. The House will also welcome the announcement by Nissan yesterday of a £250 million investment in a new premium brand car to be built in Sunderland, which the Government expect to support under the regional growth fund.
Gavin Williamson
The recent increase in capital investment allowances will create a massive boost for small and medium-sized manufacturing businesses in south Staffordshire and the west midlands. What assessment has the Minister made of the impact that that will have on manufacturing businesses across the United Kingdom?
Michael Fallon
I expect the increase in capital allowances to have a positive effect. Under this Government, manufacturing share of gross domestic product is rising, but under the previous one nearly 1.7 million manufacturing jobs were lost, and our manufacturing share of GDP declined. The measures we announced in the autumn statement, together with the measures we have taken to rebalance our economy and put our public finances in order, leave British business very well placed to continue the recovery.