Richard Fuller
Main Page: Richard Fuller (Conservative - North East Bedfordshire)Department Debates - View all Richard Fuller's debates with the Cabinet Office
Oral Answers to Questions
Richard Fuller Excerpts(13 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hurd
VAT issues are obviously a matter for the Treasury, and I would refer that question to Treasury Ministers. As the hon. Gentleman knows—he is a former Minister—that is a long-standing issue for the sector. He will also be aware of a number of initiatives to look at how we can make the VAT regime more helpful.
Richard Fuller (Bedford) (Con)
T9. Will the Minister relax regulations on investments by foundations and trusts to empower them fully to support innovations such as social impact bonds?
Mr Hurd
My hon. Friend will know that this Government are totally committed to helping to develop the social investment market, so making it easier for social entrepreneurs to access capital. The big society bank is our major player in that area, but we are looking at a range of ideas. He will also be aware that the Charity Commission is reviewing its guidance to foundations, which have a critical role to play in that context.