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Letter dated 17/03/2026 from Lord Stockwood of Great Grimsby and Cleethorpes to Baroness Alexander of Cleveden regarding the factors that influence the uptake of spending by the devolved Governments under sections 7 and 8 of the Industrial Development Act, as discussed during the Second Reading of the Industry and Exports (Financial Assistance) Bill. 2p.
Letter dated 17/03/2026 from Lord Stockwood of Great Grimsby and Cleethorpes to Baroness Alexander of Cleveden regarding the factors that influence the uptake of spending by the devolved Governments under sections 7 and 8 of the Industrial Development Act, as discussed during the Second Reading of the Industry and Exports...
To ask the Secretary of State for Business and Trade, what targets the Government has set for the British Business Bank in respect of i) the number of smaller businesses to receive finance, ii) the amount of finance directed to devolved nations and regions, and iii) a list of sectors...
To ask the Secretary of State for Business and Trade, what targets the Government has set for the British Business Bank in respect of i) the number of smaller businesses to receive finance, ii) the amount of finance directed to devolved nations and regions, and iii) a list of sectors...
The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. While the mandate itself does not specify numbers, types of businesses, location, or sectors, the Bank has an excellent track record of addressing disparities in investment within the UK, with the Bank’s Impact report 24/25 showing that 24,000 businesses have newly benefited from finance supported by the Bank and 84% of businesses were outside London. The Bank will continue to report regularly on the impact of its interventions.
To ask the Secretary of State for Business and Trade, what proportion of the British Business Banks’s economic capital limit has been earmarked specifically for (a) micro-businesses and (b) businesses in the devolved nations.
To ask the Secretary of State for Business and Trade, what proportion of the British Business Banks’s economic capital limit has been earmarked specifically for (a) micro-businesses and (b) businesses in the devolved nations.
The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. While the mandate itself does not specify numbers, types of businesses, location, or sectors, the Bank has an excellent track record of addressing disparities in investment within the UK, with the Bank’s Impact report 24/25 showing that 24,000 businesses have newly benefited from finance supported by the Bank and 84% of businesses were outside London. The Bank will continue to report regularly on the impact of its interventions.
To ask the Secretary of State for Business and Trade, whether his Department has conducted a regional impact assessment of the Network Charging Compensation Scheme uplift on industrial competitiveness across the devolved nations.
To ask the Secretary of State for Business and Trade, whether his Department has conducted a regional impact assessment of the Network Charging Compensation Scheme uplift on industrial competitiveness across the devolved nations.
This Government understands the pressures facing our energy intensive industries (EIIs), across the nation, including high electricity prices. Our recent announcement of the uplift of relief offered by the Network Charging Compensation Scheme from 60% to 90% will benefit EIIs across England, Wales and Scotland. However, the Scheme will not apply to EIIs in Northern Ireland. The Government consulted widely on this policy, our proposal to proceed with this uplift was informed by feedback from energy industry stakeholders across the UK.
The UK government is today publishing its response to the review of the United Kingdom Internal Market Act 2020 and public consultation.
The review was launched in January 2025, with its scope expanded beyond what the law requires, to help determine how the operation of the Act can be improved....
The UK government is today publishing its response to the review of the United Kingdom Internal Market Act 2020 and public consultation.
The review was launched in January 2025, with its scope expanded beyond what the law requires, to help determine how the operation of the Act can be improved....
My Rt Hon Friend the Minister for Trade Policy and Economic Security (Douglas Alexander MP) has today made the following statement.
The UK government is today publishing its response to the review of the United Kingdom Internal Market Act 2020 and public consultation.
The review was launched in January 2025, with...
My Rt Hon Friend the Minister for Trade Policy and Economic Security (Douglas Alexander MP) has today made the following statement.
The UK government is today publishing its response to the review of the United Kingdom Internal Market Act 2020 and public consultation.
The review was launched in January 2025, with...
To ask the Secretary of State for Business and Trade, whether he has had discussions with devolved Administrations on coordinating business regulation to reduce duplication.
To ask the Secretary of State for Business and Trade, whether he has had discussions with devolved Administrations on coordinating business regulation to reduce duplication.
To deliver growth across the UK, and support businesses and consumers, UK Government officials have been engaging with officials from the Scottish and Welsh Governments, and Northern Ireland Executive, on its Action Plan to overhaul our regulatory system, including the target to reduce the administrative cost of regulation to business by 25% by the end of this Parliament. Whilst the territorial scope relates to reserved matters, the Government is committed to collaborating with the devolved governments, including at Ministerial level using intergovernmental structures where appropriate, to ensure that reforms benefit the maximum number of people around the UK.
Lords consideration of Commons amendments. Commons amendments 1 to 3 agreed to.
Lords consideration of Commons amendments. Commons amendments 1 to 3 agreed to.
Moved by
Lord Leong
Moved by
Lord Leong
My Lords, I beg to move that this House do agree with the Commons on Amendment 1. With the leave of the House, I will also speak to Amendments 2 and 3.
On Amendment 1, the Government have been clear in their intention to maintain strong, co-operative relations with the devolved...
My Lords, I beg to move that this House do agree with the Commons on Amendment 1. With the leave of the House, I will also speak to Amendments 2 and 3.
On Amendment 1, the Government have been clear in their intention to maintain strong, co-operative relations with the devolved...
My Lords, briefly, I welcome Commons Amendment 1. It is very pleasing to see this Government, in contrast to the last Government, acknowledging that we have nations on these islands which have devolved powers that need to be respected. Indeed, when we are talking about the standards here, hopefully there...
My Lords, briefly, I welcome Commons Amendment 1. It is very pleasing to see this Government, in contrast to the last Government, acknowledging that we have nations on these islands which have devolved powers that need to be respected. Indeed, when we are talking about the standards here, hopefully there...
My Lords, I will say a few words about Commons Amendment 2—I am grateful to the noble Lord for introducing all the amendments and referring to the purpose of that amendment. As he clarified, Commons Amendment 2 takes Clause 9 out of the list of those parts of the Bill...
My Lords, I will say a few words about Commons Amendment 2—I am grateful to the noble Lord for introducing all the amendments and referring to the purpose of that amendment. As he clarified, Commons Amendment 2 takes Clause 9 out of the list of those parts of the Bill...
My Lords, on behalf of my noble friend Lord Fox, who is improving and I hope will be back with us very soon, and these Liberal Democrat Benches, I thank the Government for the very positive passage of this Bill, and particularly the Minister for the meeting that we had...
My Lords, on behalf of my noble friend Lord Fox, who is improving and I hope will be back with us very soon, and these Liberal Democrat Benches, I thank the Government for the very positive passage of this Bill, and particularly the Minister for the meeting that we had...
My Lords, I am grateful to the noble Baroness, Lady Bennett of Manor Castle, for reminding us of some of the background with which we deal when we are presented with this Bill. I also thank my noble friend Lord Lansley. His reference to relevant EU law takes us back...
My Lords, I am grateful to the noble Baroness, Lady Bennett of Manor Castle, for reminding us of some of the background with which we deal when we are presented with this Bill. I also thank my noble friend Lord Lansley. His reference to relevant EU law takes us back...
I wonder if I might gently intervene. The noble Lord was not present, but my noble friend Lord Fox and others from our Benches reminded the noble Lord, Lord Epsom, and others from those Benches that this Bill was drafted by the previous Government with the Henry VIII powers as...
I wonder if I might gently intervene. The noble Lord was not present, but my noble friend Lord Fox and others from our Benches reminded the noble Lord, Lord Epsom, and others from those Benches that this Bill was drafted by the previous Government with the Henry VIII powers as...
I am happy to respond to the noble Baroness, Lady Brinton, who referred to Lord Epsom rather than to my noble friend Lord Sharpe of Epsom.
I am happy to respond to the noble Baroness, Lady Brinton, who referred to Lord Epsom rather than to my noble friend Lord Sharpe of Epsom.
I am sorry: the noble Lord, Lord Sharpe.
I am sorry: the noble Lord, Lord Sharpe.
She is also under a misunderstanding. I was very proud to chair the Secondary Legislation Scrutiny Committee. If she had done her homework, she would have seen that I led the opposition to the previous Government’s attempt to try to pass secondary legislation powers that would not be subject to...
She is also under a misunderstanding. I was very proud to chair the Secondary Legislation Scrutiny Committee. If she had done her homework, she would have seen that I led the opposition to the previous Government’s attempt to try to pass secondary legislation powers that would not be subject to...