Results 61–80 of 162 for speaker:Lord Davies of Abersoch

Business: Entrepreneurship — Question (30 Nov 2009)

Lord Davies of Abersoch: We are doing both. We first of all had to recapitalise the banks; we then had to provide real help now for small businesses. The variety of schemes that we have introduced, from the Enterprise Finance Guarantee scheme to many other initiatives, have given real help to small businesses. The challenge for next year is to ensure that the banks are there with access to finance as companies grow...

Business: Entrepreneurship — Question (30 Nov 2009)

Lord Davies of Abersoch: Let me give the noble Lord a statistic straight back: the OECD says that the UK has the lowest barriers to entrepreneurship of all OECD countries. We have had 476,700 new start-ups in England and Wales in the year ending March 2009. Huge emphasis is being given to helping SMEs; they are the lifeblood of this economy, which is why the Government are giving them so much support.

Business: Entrepreneurship — Question (30 Nov 2009)

Lord Davies of Abersoch: I have had the benefit of visiting the premises of that company in Cambridge and have met it in Germany, so I am disappointed with the decision that was made. A 28 per cent corporation tax, with a 21 per cent rate for small business, means that the UK's corporation tax rate is now at the lowest level ever. We continue to have the lowest corporation tax of the major G7 economies. I understand...

Written Ministerial Statements — House of Lords: Regional Development Agencies: Board Appointments (30 Nov 2009)

Lord Davies of Abersoch: My right honourable friend the Minister for Regional Economic Co-Ordination (Rosie Winterton) has today made the following Statement. I am pleased to announce that I have decided to appoint 14 RDA board members, who between them will serve four of our regional development agencies and Pat McFadden has agreed to appoint two new members to the Board of Yorkshire Forward. I have also agreed,...

Written Ministerial Statements — House of Lords: Chief Construction Adviser (24 Nov 2009)

Lord Davies of Abersoch: My honourable friend the Minister for Business and Regulatory Reform (Ian Lucas) has today made the following Statement: The Department for Business, Innovation and Skills, together with the Office of Government Commerce, is today announcing that Paul Morrell OBE will be appointed to the new role of government chief adviser on construction. The government chief construction adviser is an...

Written Ministerial Statements — House of Lords: Department for Business, Innovation and Skills: Winter Supplementary Estimates (24 Nov 2009)

Lord Davies of Abersoch: My right honourable friend the Minister for Business, Innovation and Skills (Pat McFadden) has today made the following Statement. Subject to parliamentary approval of the necessary Supplementary Estimate, the Department for Business, Innovation and Skills' DEL will be increased by £19,906,781,000 from £1,922,920,000 to £21,829,701,000 as a consequence of the merger between the Department...

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: The role of the enterprise champion is to act as an adviser to the Government and small firms. He is providing advice on business support and is helping small firms and entrepreneurs to make the most of the real help available from government and other organisations. He is championing the causes of viable small companies with banks and helping to ensure that the voices of small firms and...

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: My Lords, with Sir Alan—or, I should say, my noble friend Lord Sugar—you will get sugar and spice. He has a wide-ranging career of business success. He uses colourful language forcefully. He has spoken to over 2,000 businesses across the UK. His events have been a sell-out. I could give the House many quotes complimenting him on his performance. I shall not; I shall give just one: "very...

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: My Lords, my noble friend Lord Sugar employs a number of women in senior positions in his business. He is fully supportive of the women's task force recommendations, as are we. We need more women at the top of the boards of our big companies. We need more women as entrepreneurs. He fully supports that and he is speaking to a number of women's organisations to see how he can help.

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: Sugar is the pill. We have 4.8 million SMEs in the UK. They are the lifeblood of the economy. The Government's interventions, whether through the enterprise finance guarantee scheme or through a range of things such as delaying tax payments, have had a huge impact. It is clear that the banks need to be there as the economy recovers with access to finance. Therefore, experienced...

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: My Lords, I should make it clear that he is accountable to me. I see him consistently. He is not a policy-maker; he is an adviser. A number of other advisers are helping us. We need advisers to help because, at the end of the day, small businesses need individuals just like the noble Lord, Lord Sugar, to help them.

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: I have answered that question. He is accountable to me. I am a Minister; he is not a policy-maker but an adviser.

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: Yes.

Enterprise Champion — Question (12 Nov 2009)

Lord Davies of Abersoch: Let me be clear: he is an adviser not a policy-maker. He is giving his time for nothing. He is a hugely experienced businessman. We have a range of businesspeople, such as James Caan and Tim Berners-Lee, all providing assistance to the Government to help small businesses, which after all are the lifeblood of this economy. We need to provide them with experience and help, which is exactly what...

Written Answers — House of Lords: Regional Development Agencies (12 Nov 2009)

Lord Davies of Abersoch: I will write to the noble Lord and a copy of the letter will be placed in the Library of the House.

Written Answers — House of Lords: Regional Development Agencies: North West (12 Nov 2009)

Lord Davies of Abersoch: The Northwest Regional Development Agency is to review the detailed proposals for £4 million funding towards Southport Cultural Centre on Monday, 2 November 2009. Funds will then be released as soon as practicable, subject to normal contractual discussions.

Written Answers — House of Lords: Vehicles: Scrappage (11 Nov 2009)

Lord Davies of Abersoch: £153,944,000 has been paid out under the scrappage scheme (as at 3 November). BIS payments are made once orders are fulfilled and transactions completed. This equates to 153,944 vehicles scrapped.

Written Ministerial Statements — House of Lords: Business: Company Rescue (11 Nov 2009)

Lord Davies of Abersoch: My honourable friend the Minister for Business and Regulatory Reform has today made the following Statement. I am setting out today the Government's response to the recent Insolvency Service consultation on encouraging company rescue. In launching the consultation, the Government identified the importance of maintaining an effective and fair corporate insolvency framework that enables viable...

Written Answers — House of Lords: Regional Development Agencies (10 Nov 2009)

Lord Davies of Abersoch: The following table indicates where approvals have been given for re-appointment from December 2009, the number of new appointments which were advertised in June across the regional development agencies (RDAs) taking up post on the 14 December and details of extensions given to date. RDA Approved for re-appointment starting December 2009 New Appointments to be taken up on 14 December...

Written Answers — House of Lords: EU: Employment (5 Nov 2009)

Lord Davies of Abersoch: This information is not available and could only be obtained at a disproportionate cost. However, there are clear indications that "the EU is a positive contributor to job creation in the UK". For instance, approximately a third of all new jobs created in the UK from inward investments originate from the EU.


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