Blog

  • Paul Flynn – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Paul Flynn – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Paul Flynn on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to address rates of university students taking their own lives.

    Joseph Johnson

    The Government takes these issues seriously. Higher Education Institutions, as autonomous and independent bodies, have clear legal responsibilities under the Equality Act 2010 to support their students, including those with mental health conditions.

    Ensuring the wellbeing of students is important to our universities. Institutions are best placed to determine what welfare and counselling services they need to provide to their students and to ensure mechanisms are in place to identify students in need.

    There is a great deal of guidance and support available to institutions from a range of sector and medical bodies. In February 2015, Universities UK published a Good Practice Guide on, student mental wellbeing in higher education. It aims to support institutions in building and improving their provision for students with mental health problems including to help prevent suicide.

    The Department of Health also published a cross-government suicide prevention strategy in September 2012, ‘Preventing Suicide in England.’ The objectives of the strategy are to reduce suicide and support people bereaved or affected by suicide.

  • Paul Flynn – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Paul Flynn – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Paul Flynn on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what recent estimate he has made of the number of graduates who are (a) unemployed and (b) not in high-skilled jobs.

    Joseph Johnson

    The Department publishes labour market statistics for English domiciled graduates and postgraduates relative to non-graduates as part of the Graduate Labour Market Statistics series. The latest figures refer to the quarter from April to June 2015 and are available at the link:

    https://www.gov.uk/government/statistics/graduate-labour-market-statistics-april-to-june-2015

    “

  • Paul Flynn – 2015 Parliamentary Question to the Department for Work and Pensions

    Paul Flynn – 2015 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Paul Flynn on 2015-11-02.

    To ask the Secretary of State for Work and Pensions, whether the Government applied to the European Commission globalisation adjustment fund to secure support funding for the British steel industry plants recently closed or under threat of closure.

    Priti Patel

    The European Globalisation Fund (EGF) provides a financial contribution for active labour market measures, aimed at reintegrating those made or at risk of being made redundant in the labour market.

    Member States are responsible in the first instance for tackling trade adjustment redundancies – the fund is therefore designed to add to national, regional and local assistance.

    The UK already offers a broad range of personalised support to workers made redundant through its Rapid Response Service and Jobcentre Plus, which could not be duplicated or substituted by EGF.

    The Rapid Response Service and the Jobcentre Plus Core Offer are effective reintegration tools which represent good value for money and are our primary and most effective means of response to support the industry.

    In addition to this, the Department for Business, Innovation and Skills has also announced packages of support worth up to £80 million for SSI in Redcar and up to £9 million for TATA Steel in Scunthorpe.

    Only if more support is necessary other suitable sources of support will be considered.

  • Adam Afriyie – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Adam Afriyie – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Adam Afriyie on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the contribution of (a) crowdfunding businesses, (b) peer-to-peer lending businesses and (c) big data businesses to the UK economy.

    Anna Soubry

    The state of equity investment in small businesses was assessed by the British Business Bank in March this year. Their report shows an overall increase in equity investment to small firms in each of the past four years, with both the number of deals and the total amount invested showing a clear upward trend. The contribution from crowdfunding has grown strongly since 2012. By the third quarter of 2014, deal numbers exceeded those of private equity, accounting for almost one-third of seed funding deals in the first half of 2014.

    The Peer-to-Peer Finance Association publishes quarterly performance data, which show net new lending to small businesses of £91m in Q3 2015. According to NESTA, peer-to-peer lending in the UK grew at a rate of 250% annually between 2012 and 2014. The growth of the UK peer-to-peer lending sector has been facilitated by a responsive and flexible regulatory regime that recognises the importance of a competitive and diverse market for business finance.

    The Centre for Economics and Business Research estimates that the big data market could benefit the UK economy by up to £216 billion between 2012 and 2017. Research by NESTA has also found that UK companies making greater use of online customer data are up to 13% more productive than their peers.

  • Christian Matheson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Christian Matheson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Christian Matheson on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what meetings he has had with (a) business and (b) trade union representatives on job losses in the (i) steel and (ii) energy efficiency, solar and low carbon heating industries since his appointment to his current position.

    Anna Soubry

    Department for Business, Innovation and Skills Ministers have held a number of discussions with UK steel companies, industry representatives and trade unions about the current challenges facing the sector.

    My rt. hon. Friend the Secretary of State for Energy and Climate Change (DECC), her Ministers, and DECC officials have had a number of regular meetings and roundtables with external organisations within the energy sector, and will continue to do so, on a wide range of subjects including jobs and growth across different sectors.

  • Bill Esterson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Bill Esterson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Bill Esterson on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what recent estimate he has made of the predicted default rate of university maintenance loans.

    Joseph Johnson

    Student loans are not like a bank loan or credit card. Repayments do not have to made if the borrower’s income is below £21k. There is, therefore, no default rate as such, but a borrower who moves overseas and fails to repay even though they are earning over the threshold would be in default.

    Maintenance loans are either repaid during the loan term, or written off after 30 years, or if the borrower dies or becomes permanently unable to work as a result of disability. Provision for the cost of future write offs is made in BIS accounts each year. This is known as the RAB charge.

  • Bill Esterson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Bill Esterson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Bill Esterson on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what recent assessment he has made of the effect on (a) businesses affected by pre-pack insolvencies and (b) employees of such businesses of such insolvencies.

    Anna Soubry

    The University of Wolverhampton undertook research as part of Teresa Graham’s June 2014 review into pre-pack administrations. This found that returns to creditors from a pre-pack were slightly lower than from non pre-packed administrations.

    The report also found that in about 60% of pre-pack deals all jobs were saved, and in a further 10% some jobs were saved. No data is available on the impact of the insolvency on employment at creditors of the company.

    A voluntary package of reforms to pre-packs, as recommended by the Graham review, was launched on 2 November with support from the insolvency industry and creditor groups. The reforms are intended to bring greater transparency and improved creditor confidence in pre-packs, and especially those in which sales are to connected parties.

  • Iain Stewart – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Iain Stewart – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Iain Stewart on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the portion of loan outlay that will never be repaid by graduates who have undertaken (a) full-time and (b) part-time higher education degrees.

    Joseph Johnson

    (a) We estimate that the proportion of the value of full time loans which will not be repaid is around 45%.

    (b) Our current estimate is that around 40% of the value of part time loans will not be repaid. We will update our estimate as we get more information on the actual repayments from students taking out these loans.

  • Roger Godsiff – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Roger Godsiff – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Roger Godsiff on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what consideration his Department has given to suspending the UK’s arms export licences to Saudi Arabia in the light of the conflict in Yemen.

    Anna Soubry

    All export licence applications are carefully assessed on a case by case basis against the Consolidated EU and National Arms Export Licensing Criteria, taking account of all relevant factors at the time of the application. A licence will not be issued for any country if to do so would be inconsistent with any provision of the Criteria.

    We keep all licences under review in the light of changing circumstances in countries of destination for UK arms exports, including Saudi Arabia.

    A political solution is the best way to bring long term stability to Yemen and to avoid a humanitarian catastrophe. The UK is fully and actively supporting the UN’s efforts to achieve this.

  • Andrew Gwynne – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    Andrew Gwynne – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Andrew Gwynne on 2015-11-02.

    To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the value of stationery that has been (a) lost and (b) stolen from his Department in each of the last five fiscal years; and what the cost was of replacing such stationery.

    Joseph Johnson

    The Department for Business, Innovation and Skills (BIS) does not make estimates on the amount of lost or stolen stationery so unfortunately there is no data available that would answer this question. However all BIS staff are aware of Departmental regulations on stationery usage and there is no evidence that these regulations are not being adhered to by BIS staff.