Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Karen Lumley Excerpts
Thursday 8th November 2012

(11 years, 6 months ago)

Commons Chamber
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Matt Hancock Portrait Matthew Hancock
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I am glad the shadow Minister has mined the report for all the negatives. I want to start with the opening sentence of the Select Committee report, which says, “We welcome the commitment of this Government to apprenticeships.” This Government commissioned Jason Holt’s report so of course I welcome it. We have already taken action to improve quality and we will take more action. Not least am I looking forward to the Doug Richard report later this month. The vital thing to do is not only to increase the quantity of apprenticeships, as we have done, but to make sure that they provide excellent value for money, so that all those apprentices throughout the country get a brilliant education as well as training in work, and that is what we will deliver.

Karen Lumley Portrait Karen Lumley (Redditch) (Con)
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3. What assessment he has made of the effect of the business Olympics on exports and inward investment.

Lord Willetts Portrait The Minister for Universities and Science (Mr David Willetts)
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Over 4,000 business leaders and others attended 17 business summits at the British business embassy at Lancaster House. Every one was attended by a BIS Minister. I was very pleased to attend five, which were excellent events. We expect them to generate £1 billion of additional sales by UK companies, and £6 billion of direct investment over the next four years.

Karen Lumley Portrait Karen Lumley
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Wild Automotive, a great company in Redditch, has increased export sales by 73% over the past two years. What more help can this company and others in Worcestershire access to continue this great record of growth?

Lord Willetts Portrait Mr Willetts
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I congratulate that company on its performance. UK Trade & Investment is running export week in the next week, with more than 100 events throughout the UK, which is a great opportunity for businesses to get further advice about exporting. The automotive sector, of which the company in my hon. Friend’s constituency is an example, is now running its first balance of payments surplus since 1975.