The successful, Great Yarmouth based, company Seajacks, received a mention from me in the House of Commons this week. They look set to become the first company, anywhere in the country, to move in to an enterprise zone. This shows that Great Yarmouth is leading the way with this new initiative to boost local economic growth and create new jobs.
Thursday 24th November – Future House of Commons Business
Brandon Lewis: Through the all-party parliamentary group for local growth, enterprise zones and local enterprise partnerships, it is clear that the organisations involved in enterprise zones understand the importance of opportunities for small and medium-sized enterprises in enterprise zones. Seajacks in Great Yarmouth is likely to be the first organisation to go into an enterprise zone, highlighting how important SMEs can be for growth and job creation. May we have a debate in the Chamber on the importance of SMEs, particularly with reference to opportunities in enterprise zones?
Sir George Young: I believe that my hon. Friend is the chairman of the all-party group and I commend him for his activity in that regard. I hope there will be an opportunity when we debate the economy to say a little more about SMEs. We have extended the level of small business rate relief for two years. We have a new fund of enterprise capital funds, which I hope will help, and there is also entrepreneur’s relief and other initiatives such as the enterprise finance guarantee, all of which I hope will help SMEs to grow and employ more people.
26th November 2011