HC Deb 13 January 2004 vol 416 cc651-2W
15. Mr. Luke

To ask the Secretary of State for Scotland if he will make a statement on innovation and enterprise in Scotland. [146405]

Mrs. McGuire

Innovation and enterprise are at the heart of productivity growth and social gain. Scotland has gained an international reputation as a centre of innovation and expertise in life sciences and other technologies.

The Chancellor's recent pre-Budget report announced a number of measures, which build on existing programmes to promote innovation and enterprise in Scotland and across the UK. These include a widening of the eligibility for research and development tax credits, reforms to reduce the regulatory burden on enterprise and measures to overcome barriers facing small business when raising finance.