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Prime Minister’s Questions, 30th January 2013

Gordon Birtwistle (Burnley) (LD):
Would my right hon. Friend like to congratulate an engineering company in my constituency, Lupton and Place, which has taken advantage of the capital allowances announced in the autumn statement and purchased a £1.3 million die-casting machine which will create six new jobs and deliver a component for Jaguar cars that was destined for the far east?

The Prime Minister:
I certainly will join my hon. Friend in welcoming that investment. His experience in Burnley and the campaign he has been launching did have an effect in bringing forward these proposals on capital allowances. It is absolutely clear that a lot of businesses have money locked up on their balance sheets that we want to see invested, and I believe that these capital allowances are a good way of encouraging businesses to bring forward that sort of investment.

 

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