Written question asked by Tom Blenkinsop (Labour) on Wednesday, 14 July 2010, in the House of Commons. It was due for an answer on Monday, 19 July 2010. It was answered by Mark Prisk (Conservative) on Thursday, 22 July 2010 on behalf of the Department for Business, Innovation and Skills.

Manufacturing Industries: Middlesbrough

Question: To ask the Secretary of State for Business, Innovation and Skills if he will provide funding to attract private manufacturing capital in Middlesbrough South and East Cleveland constituency.

Answer: The Government have no specific plans to provide funding to attract private manufacturing capital in Middlesbrough South and East Cleveland, but manufacturers there can continue to access venture capital funding through a national programme of Enterprise Capital Funds which businesses can approach for growth funding via an equity share. The north-east has also now launched a £120 million venture capital and loan fund which has a number of funds which support a range of sectors including manufacturing. This is being sponsored by One North East, and will be administered by North East Finance.

Secondary information