Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Justin Tomlinson Excerpts
Thursday 6th September 2012

(11 years, 8 months ago)

Commons Chamber
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Lord Willetts Portrait Mr Willetts
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We agree; it is very important that banks are encouraged to lend to successful businesses. That is what the coalition is doing. Incidentally, the old pessimism that manufacturing will always go east is clearly now being reversed. We are optimistic about the prospects of manufacturing in this country.

Justin Tomlinson Portrait Justin Tomlinson (North Swindon) (Con)
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Following today’s fantastic announcement of a further £267 million investment programme in the Honda plant in my constituency, what measures will the Minister take to help start-up businesses to take advantage of the potential opportunities in the supply chains of Honda and the UK automotive industry?

Lord Willetts Portrait Mr Willetts
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Immediately after these questions my right hon. Friend the Secretary of State is going to Swindon to join Honda in this very welcome announcement. The Department absolutely understands the importance of the supply chains behind these large companies. Of course, the commitment to the supply chain is one of the many reasons why Britain is moving up the competitiveness league table.