Author: admin

  • Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, whether he plans to invest any unallocated funding held by the Green Investment Bank at its point of privatisation into green projects in the UK.

    Anna Soubry

    The Government has put paying down our debt while investing in infrastructure at the heart of our long term economic plan. Proceeds from a sale of UK Green investment Bank plc (GIB) will help us deliver on both those objectives. Any proposal to allocate Government funding to other types of intervention to achieve green policy objectives would need to be considered individually on its merits.

    GIB’s remit has always been to invest in green projects on fully commercial terms to help demonstrate green investment can be profitable and attract additional private sector investment into green sectors from mainstream finance providers. GIB will continue to perform that role in private ownership. Details of the other Government policy mechanisms in place aimed at promoting investment in more high risk projects and early stage technologies are provided at paragraphs 31 – 36 of our November 2015 policy statement on the future of GIB which can be found on the GIB pages of the GOV.UK website.

  • Kevin Brennan – 2016 Parliamentary Question to the HM Treasury

    Kevin Brennan – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

    To ask Mr Chancellor of the Exchequer, whether his Department has made an assessment of the number of workers who would be affected if the exit payments cap for public sector workers was set at any other amount than £95,000.

    Greg Hands

    At the 2015 Spending Review the Government announced it will consult on further cross public sector action on exit payment terms. This consultation will provide a good opportunity to collect further information on the trends in the level of exit payments between the private and public sector.

    Exit payment terms vary significantly across the private sector, and there will be examples of terms that match or even exceed those in the public sector. However, the Government has seen no evidence that redundancy terms such as employer-funded early retirement, which are widely available across the public sector and often cost employers tens, or even hundreds of thousands of pounds per person, are replicated to anything like the same extent in the private sector.

    The precise number of those affected by the public sector exit payment cap will depend on the number and type of exits in coming years.

    However, as the average cost of an exit in the public sector in recent years has been around £25,000 the vast majority of exits are below the level of the cap. For example, less than 2% of recent exits in local government were above the level of the cap.

  • Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the ability of a privatised Green Investment Bank to address market failures in the low carbon economy.

    Anna Soubry

    The Government’s position on this matter was set out in paragraphs 31 – 36 of our November 2015 policy statement on the future of the UK Green Investment Bank (GIB) which can be found on the GIB pages of the GOV.UK website.

    This makes clear that GIB’s remit has always been to invest in green projects on fully commercial terms to help demonstrate green investment can be profitable and attract additional private sector investment into green sectors from mainstream finance providers. GIB will continue to perform that role in private ownership.

    There are other Government policy mechanisms in place aimed at promoting investment in more high risk projects and early stage technologies.

  • Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, if he will allocate all funds raised by privatisation of the Green Investment Bank to green technologies in the UK.

    Anna Soubry

    The Government has put paying down our debt while investing in infrastructure at the heart of our long term economic plan. Proceeds from a sale of UK Green investment Bank plc (GIB) will help us deliver on both those objectives. Any proposal to allocate Government funding to other types of intervention to achieve green policy objectives would need to be considered individually on its merits.

    GIB’s remit has always been to invest in green projects on fully commercial terms to help demonstrate green investment can be profitable and attract additional private sector investment into green sectors from mainstream finance providers. GIB will continue to perform that role in private ownership. Details of the other Government policy mechanisms in place aimed at promoting investment in more high risk projects and early stage technologies are provided at paragraphs 31 – 36 of our November 2015 policy statement on the future of GIB which can be found on the GIB pages of the GOV.UK website.

  • Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, what recent assessment he has made of the differences in the ability of the Green Investment Bank to invest in higher risk emerging green technologies as a (a) public and (b) private sector bank.

    Anna Soubry

    The Government’s position on this matter was set out in paragraphs 31 – 36 of our November 2015 policy statement on the future of the UK Green Investment Bank (GIB) which can be found on the GIB pages of the GOV.UK website.

    This makes clear that GIB’s remit has always been to invest in green projects on fully commercial terms to help demonstrate green investment can be profitable and attract additional private sector investment into green sectors from mainstream finance providers. GIB will continue to perform that role in private ownership.

    There are other Government policy mechanisms in place aimed at promoting investment in more high risk projects and early stage technologies.

  • Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Gordon Marsden on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 27 January 2016 to Question 23508, by what mechanisms his Department plans to check and monitor standards and quality of apprenticeships until the Institute for Apprenticeships is fully operational in April 2017.

    Nick Boles

    Existing quality checks will remain in place until the Institute for Apprenticeships is fully operational in April 2017. These include scrutiny and approval of standards and assessment plans by the Department for Business, Innovation and Skills, the Department for Education, Skills Funding Agency and education advisors, inspection of training provision by Ofsted, and quality assurance of qualifications by Ofqual.

    Employer-led reforms continue to improve the quality of apprenticeships, providing the skills that employers need. All apprenticeships must be full time paid jobs; have a minimum duration of 12 months and involve substantial, sustained training including at least 20% off-the-job training. Apprentices develop transferable skills and English and maths to enable them to progress in their careers. New quality measures for training providers and assessment organisations have also been developed to help employers make informed choices.

  • Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Gordon Marsden on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, what types of evidence he plans will be considered for assessment for the Teaching Excellence Framework.

    Joseph Johnson

    The Higher Education Green Paper proposed that judgements about teaching excellence will be made by a panel of independent experts, considering both a common set of core metrics and additional contextual data, both quantitative and qualitative, submitted by the provider. The core metrics proposed in the Green Paper are derived from quality assured national datasets and would measure employment outcomes, retention and student satisfaction.

    We are considering the responses to the consultation and intend to publish a further technical consultation which will explore how the evidence should be used.

  • Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Gordon Marsden on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the RAB charge for students entering higher education in England in 2016-17 who take up a full maintenance loan and tuition fees when finishing a three-year course; and if he will make a statement.

    Joseph Johnson

    The Resource Accounting and Budgeting (RAB) charge is calculated for the total full time student population, rather than separately for students on courses of different lengths or on the basis of the size of the loans taken out. We estimate that the RAB charge for full-time tuition fee and maintenance loans, and part time fee loans, is between 20% and 25%.

    These estimates take into account the changes to student finance and the new HM Treasury discount rate used to value the student loan book announced at the Spending Review and Autumn Statement 2015. We will update our estimates in summer 2016 and publish these at the same time as BIS accounts, alongside an updated version of the simplified loan repayments model.

  • Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Gordon Marsden on 2016-01-27.

    To ask the Secretary of State for Business, Innovation and Skills, what discussions his Department has had with local businesses and LEPs on the economic effect of the area reviews for further education.

    Nick Boles

    Local Enterprise Partnerships (LEP) have a central role to play in supporting area reviews and are contributing to the analysis of the current and future economic and educational needs of their area. They are also supporting the review process through their wider economic development role and use of their potential resource leverage including capital funding and other related funding streams like European Social Funding. Being impartial and economically driven, LEP involvement is allowing the business voice to feature largely in discussions and to ensure there is a full understanding of employer demand.

    There is regular contact with the LEP network and with individual LEPs through the local steering group arrangements. In addition local employers are being actively engaged in each area review through the wide range of stakeholder engagement taking place.

    LEPs and the British Chamber of Commerce are also represented on the National Area Review Advisory group which is influencing how the area reviews are taken forward.

  • Louise Haigh – 2016 Parliamentary Question to the Cabinet Office

    Louise Haigh – 2016 Parliamentary Question to the Cabinet Office

    The below Parliamentary question was asked by Louise Haigh on 2016-01-27.

    To ask the Minister for the Cabinet Office, how many consultants from Bain & Company were working on his Department’s Commercial Capability Review; for how long those consultants were so engaged; and what remit those consultants have been given.

    Matthew Hancock

    The Cabinet Office used 4 FTE over a nine month period in 2014 and 2015, to cover 10 Commercial Capability Reviews. Bain & Company supported the Cabinet Office and HM Treasury with providing assurance that departments were on track with clear plans to ensure they have the right commercial capability, both in the short-term and for their future functions.

    The findings of the review, along with updates on progress since the Reviews were conducted, can be found within the Cabinet Office’s December 2015 submission to the Public Accounts Committee: http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/public-accounts-committee/followup-on-transforming-contract-management/written/27765.pdf

    “