Ian Swales
Main Page: Ian Swales (Liberal Democrat - Redcar)Department Debates - View all Ian Swales's debates with the Department for Education
(13 years, 5 months ago)
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Vince Cable
No, it is not four years away. The intention is that investments will be made in 2012, and that asset sales will be used for that purpose. We are in the process of establishing the bank, and the hon. Lady knows that a substantial number of renewable projects are being supported under the spending review.
Ian Swales (Redcar) (LD)
6. What discussions he has had with the Secretary of State for the Home Department on the future of intra-company transfers following the introduction of the proposed immigration cap.
The Secretary of State for Business, Innovation and Skills (Vince Cable)
Ministers, officials and I are in regular contact with the Home Secretary and other Ministers and officials in the Home Office to discuss the implementation of the commitment to limit non-EU economic migration. That includes discussions on intra-company transfers.
Ian Swales
That answer will be of interest to companies from Canada, the USA, Korea, India, Israel and Saudi Arabia that are already in the Tees valley. Will the Secretary of State ensure that the Thai company SSI is able to bring in the executives that it needs to make a success of its forthcoming purchase of the Redcar steelworks?
Vince Cable
The answer is yes. I pay tribute to the role that my hon. Friend has played in ensuring that SSI was able to come to the UK and transform the prospects of the Redcar plant. I can give him that assurance. Indeed, The Prime Minister said at Prime Minister’s questions that in terms of the overall cap on migration,
“things such as inter-company transfers should not be included in what we are looking at.”—[Official Report, 3 November 2010; Vol. 517, c. 920.]