Oral Answers to Questions

Debate between Greg Hands and Mohammad Yasin

Thursday 30th November 2023 Commons Chamber

[Mohammad Yasin (Bedford) (Lab)]

19. What steps she is taking to help small and medium-sized businesses to export.

[The Minister of State, Department for Business and Trade (Greg Hands)]

The Government’s export support for SMEs includes the export support service; the export academy; more than 400 export champions; our network of nearly 200 trade advisers; and support provided around the world through the international market service. Just last week, my noble Friend the Minister with responsibility for exports announced that UK Export Finance is introducing more flexible fast-track financing for SMEs, making it easier than ever for UK firms to sell into international markets.

[Greg Hands]

I certainly welcome the royal visit that the hon. Lady had in her constituency; it is always fantastic to see that support, particularly for exporters. However, I think she is a bit off on the data. When we look at export data, we see that we had £877 billion-worth of exports in the 12 months to the end of September 2023. We are heading towards the £1 trillion export target, and that figure is up by almost £200 billion—or 29%—on the figure from five years ago, which was before Brexit.

[Mohammad Yasin]

In 2021, the Government launched a rebranded trade show programme pilot to great fanfare, but between November 2021 and March 2022 only two businesses in the UK were funded under the programme. We now hear that the scheme has been shelved. Will the Minister explain what has happened to that initiative, which has launched a number of household British fashion brands abroad and which served as a vital gateway under the last Labour Government for SMEs to access new markets?

[Greg Hands]

The last Labour Government were, of course, in office rather a long time ago. It is not always incumbent on successive Governments more than a decade later to keep previous Labour Government schemes going. The scheme to which the hon. Gentleman refers was a pilot, which did not yield the successes that we might have hoped. However, I will take no criticism from him and the Labour party for the support we are giving to exporters. We are spending £200 million over this spending review period to support SMEs to grow and succeed internationally, and we have a record to be commended.

Oral Answers to Questions

Debate between Greg Hands and Mohammad Yasin

Thursday 15th December 2022 Commons Chamber

[Greg Hands]

I thank the hon. Lady for her festive cheers and Christmas quiz. I am immensely proud, as I know the Secretary of State is, of our teams, right across the Department for International Trade, who are out negotiating. We are negotiating with more partners at the moment than any other country in the world on free trade agreements. Those negotiation rounds have been going on recently, into December, with people working incredibly hard to land the best deals for Britain. I am just looking forward to the day when perhaps the Labour party and the other Opposition parties might start supporting these deals, getting behind British business and British exporters into our excellent free trade future.

[Mohammad Yasin (Bedford) (Lab)]

6. What steps she is taking to increase exports.

Oral Answers to Questions

Debate between Greg Hands and Mohammad Yasin

Tuesday 12th July 2022 Commons Chamber

[Greg Hands]

The Government absolutely recognise the challenge being faced by businesses and consumers in relation to the rise in global energy prices. It may be that the business in question qualifies for other things, such as the energy intensive industries exemption scheme, and I will have a look at that, but what is certain is that it will qualify for the business rates relief—totalling £7 billion over the next five years—and the annual investment allowance, which increases from £200,000 to £1 million over the course of this year, as well as some of the other really important measures the Government have put in place to support businesses at this difficult time.

[Mohammad Yasin (Bedford) (Lab)]

22. What recent steps his Department has taken to help support business supply chains.

Oral Answers to Questions

Debate between Greg Hands and Mohammad Yasin

Thursday 14th January 2021 Commons Chamber

[Mohammad Yasin (Bedford) (Lab) [V]]

Small businesses in my constituency are struggling to cope with the complex bureaucracy regarding all aspects of trade since leaving the EU, from navigating immigration rules to dealing with export paperwork. So does the Secretary of State support the Federation of Small Businesses’ calls for the rapid introduction of vouchers worth £3,000 that small firms can spend on the tech, training and advice needed to get through this huge change to their business practice?

[Greg Hands]

I thank the hon. Gentleman for his question—he is right to raise issues on behalf of small businesses in his constituency. The Government are in constant dialogue with business representative organisations such as the Federation of Small Businesses, for example at the Brexit business taskforce chaired by the Chancellor of the Duchy of Lancaster. The Government have of course provided an enormous amount of funding to make sure that businesses are ready for the end of the transition period.