James at The Springfields Academy
James with representatives of 1st The Queen's Dragoon Guards during a Welcome Home Event for 20th Armoured Brigade
James Gray MP with representatives from Google and The Countryside Alliance Foundation
James Gray MP welcoming representatives of 20th Armoured Brigade to Parliament
Mr James Gray (North Wiltshire) (Conservative): What steps he plans to take to support economic growth in the south-west. 
The Financial Secretary to the Treasury (Mr Mark Hoban): As I stated in response to the previous question, there are a number of initiatives in the Budget to support economic growth in the regions. We estimate that up to 54,000 businesses in the south-west will benefit from the national insurance contributions exemption for new businesses, and our plans for NIC more broadly will save businesses in the south-west about £260 million.
Mr Gray: My constituents will be very glad to hear that, because times have been tough in North Wiltshire in recent years, particularly as a result of a contraction in food production and defence. What does my hon. Friend intend to do in regard to the excellent report produced by my constituent, Sir James Dyson, on innovation and technology, which seems to point the way forward for this new Government?
Mr Hoban: My hon. Friend is absolutely right. Sir James Dyson made an important contribution to the debate on increasing the high-tech sector, and the Government are looking at the implementation of his findings. In the Budget, we announced a review of the taxation of intellectual property, including research and development, and we are committed to ensuring that the UK again becomes a centre for high-tech manufacturing.
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