Written Question
Tuesday 27th February 2024
Asked by:
Simon Fell (Conservative - Barrow and Furness)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, whether they plan to amend the £2.5 million lending cap for wholesale Community Development Finance Institutions lending to retail Community Development Finance Institutions using the Community Investment Tax Relief.
Answered by Nigel Huddleston
- Shadow Secretary of State for Culture, Media and Sport
At Spring Budget 2023, the government increased the amounts that Community Development Finance Institutions (CDFIs) can raise through the Community Investment Tax Relief (CITR) from £20 million to £100 million for wholesale CDFIs, and £10 million to £25 million for retail CDFIs. The amounts that CDFIs can lend to eligible businesses was also increased from £250,000 to £375,000 for non-profit distributing organisations and £100,000 to £250,000 for profit distributing organisations. The government keeps all tax reliefs under review and will monitor the impact of these changes.
Written Question
Tuesday 20th June 2023
Asked by:
Simon Fell (Conservative - Barrow and Furness)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what fiscal steps he is taking to support the growth of the life sciences sector.
Answered by Gareth Davies
- Shadow Minister (Business and Trade)
Life sciences is one of my priority growth sectors. In May, the Government announced a bold new policy package backed by over £650m funding, reaffirming the government’s commitment to supporting a thriving life sciences industry.
This follows a number of initiatives announced at Spring Budget that will support the sector, including £10m extra funding for our medicines regulator the MHRA, full expensing of capital expenditure and reforms to R&D tax credits.
Speech in Commons Chamber - Tue 28 Jun 2022
Oral Answers to Questions
"10. What fiscal steps his Department is taking to support the credit union sector. ..."Simon Fell - View Speech
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Speech in Commons Chamber - Tue 28 Jun 2022
Oral Answers to Questions
"I should declare an interest as a former chair of a credit union. Credit unions are some of the largest providers of low-cost credit and are more important than ever given the cost of living issues at the moment, but there are significant barriers hindering their growth, not least legal …..."Simon Fell - View Speech
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Speech in Commons Chamber - Tue 01 Feb 2022
Tackling Fraud and Preventing Government Waste
"I am slightly surprised to be called so early in the debate, but very grateful. It is an honour to follow the hon. Member for Glasgow Central (Alison Thewliss), who spoke a lot of sense about Companies House in particular. I welcome the Opposition’s use of their time on this …..."Simon Fell - View Speech
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Speech in Commons Chamber - Tue 01 Feb 2022
Tackling Fraud and Preventing Government Waste
"I do not know enough of the detail to answer that question responsibly, but what would unlock the power of the NCA is far more access to data and data sharing. If we can get people sharing robust, high-quality information from the public sector and the private sector, the NCA …..."Simon Fell - View Speech
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Speech in Commons Chamber - Tue 01 Feb 2022
Tackling Fraud and Preventing Government Waste
"The hon. Member makes a valid point. Too often, people are subject to fraud and they get almost no response whatsoever. That undermines faith in the system and in policing. In some truly terrible cases, it has a huge emotional and psychological impact on the victims.
As I was saying …..."Simon Fell - View Speech
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Speech in Commons Chamber - Tue 01 Feb 2022
Tackling Fraud and Preventing Government Waste
"The hon. Gentleman makes a perfectly valid point. I am not throwing the entire report under the bus, but I think we have to be sceptical of some of the claims that were made in it. When I sit down with the managers in the shipyard in Barrow, it is …..."Simon Fell - View Speech
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Written Question
Tuesday 7th September 2021
Asked by:
Simon Fell (Conservative - Barrow and Furness)
Question
to the HM Treasury:
What fiscal steps he is taking with Cabinet colleagues to support people who are out of work to gain skills to find new, well-paid jobs.
Answered by Jesse Norman
- Shadow Leader of the House of Commons
The Plan for Jobs supports people to gain the skills needed to access high quality jobs. The Chancellor provided £111 million to triple traineeships, £17 million to expand sector-based work academies, and £32 million to boost the National Careers Service’s capacity.
At the Spending Review, the Government announced £95 million to fund free courses for adults in subjects with strong employment prospects and £43 million to provide 16,000 places on employer-led skills bootcamps.
At Budget, the Chancellor announced £126 million more for traineeships, and increased incentives for hiring apprentices to £3,000.
Speech in Westminster Hall - Thu 08 Jul 2021
Covid-19: Household Debt
"It is a pleasure to serve under your chairmanship, Mr Bone. I thank the hon. Member for Makerfield (Yvonne Fovargue) for securing this important and timely debate.
I am not alone in seeing the impact of covid-19 on household debt in my mailbag and through surgeries. I suspect I am …..."Simon Fell - View Speech
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