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SMEs

Oral Answers to Questions — Wales – in the House of Commons at 11:30 am on 23rd November 2011.

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Photo of David Rutley David Rutley Conservative, Macclesfield 11:30 am, 23rd November 2011

What recent discussions she has had with ministerial colleagues and Ministers in the Welsh Government on support for small and medium-sized enterprises in Wales.

Photo of Stuart Andrew Stuart Andrew Conservative, Pudsey

What recent discussions she has had with ministerial colleagues and Ministers in the Welsh Government on support for small and medium-sized enterprises in Wales.

Photo of David Jones David Jones The Parliamentary Under-Secretary of State for Wales

My right hon. Friend the Secretary of State and I have regular discussions with ministerial colleagues and Ministers in the Welsh Government to support Welsh businesses.

Photo of David Rutley David Rutley Conservative, Macclesfield

Given the importance of SMEs in the vital task of job creation in Wales and across the United Kingdom, what steps are the Government taking to reduce the burden of regulation on businesses in Wales?

Photo of David Jones David Jones The Parliamentary Under-Secretary of State for Wales

My hon. Friend is correct. SMEs are the backbone of the Welsh economy and have long been so. Through our programme of reduction of regulation, we are easing the burden on SMEs and setting up new businesses. It is hoped that that will cause the sector to flourish in Wales.

Photo of Stuart Andrew Stuart Andrew Conservative, Pudsey

Does my hon. Friend agree that rises in interest rates would be catastrophic for the prospects of SMEs in Wales, and that maintaining our low interest rates could be at risk if we were to lose our triple A rating, making it more difficult for Wales to maintain its competitive edge when it comes to exports?

Photo of David Jones David Jones The Parliamentary Under-Secretary of State for Wales

Yes, my hon. Friend is entirely correct. This Government have had to take tough decisions on the economy. The fruit of that is that we have maintained our triple A rating and, as a consequence, this country is in a far better position than many of our competitors.

Photo of Albert Owen Albert Owen Labour, Ynys Môn

Small businesses in my constituency have written to me this month saying that they are going to lay people off or may face closure because of the Government’s policy on the feed-in tariff for solar. Will the Minister give a categoric assurance to the House that he will lobby the Treasury and Ministers at the Department of Energy and Climate Change to ensure that the scheme is maintained to help businesses that are doing the right thing in Wales?

Photo of David Jones David Jones The Parliamentary Under-Secretary of State for Wales

The hon. Gentleman will have heard my previous answers on this question. I urge him also to contribute to that consultation, and no doubt he will participate in the debate this afternoon.

Photo of David Jones David Jones The Parliamentary Under-Secretary of State for Wales

The hon. Gentleman is entirely correct. As I have said, the SME sector is the backbone of the Welsh economy. We have regular discussions with the Welsh Government. In fact, I am meeting the appropriate Welsh Minister next Monday for that purpose.