§ Mr. Nicholas WintertonTo ask the President of the Board of Trade what fiscal steps her Department has taken to encourage entrepreneurial investment in the United Kingdom printing, packaging and graphic communications industry. [43693]
§ Mr. BattleThe Government have taken a number of steps to encourage long-term investment and enterprise in all our industries. These include measures to promote economic stability, cuts in corporation tax, increased first-year capital allowances for SMEs, and the reform of capital gains tax and the Enterprise Investment Scheme. The Government have also published a document, "Innovating for the Future: Investing in R&D" as the basis for a wide-ranging consultation to see how we can improve our record on investment in research and development. Furthermore, the Chancellor recently announced three new venture capital funds totalling £240 million to support small and medium businesses.