09 JAN 2018

Supporting Suffolk's Construction Trade

Dr Dan Poulter was today pleased to support neighbouring Suffolk MP, Peter Aldous as he introduced his Ten Minute Rule bill to the House of Commons concerning the ring fencing of cash retentions for Small and Medium Enterprises (SMEs) in the construction industry.

Research commissioned by the Department for Business, Energy & Industrial Strategy (BEIS) revealed that over a 3-year period £7.8bn worth of retentions was outstanding for small businesses. Cash retentions are withheld as security in case a firm fails to return to rectify non-compliant work. However the monies are primarily withheld to bolster the working capital of the party withholding them. Furthermore the practice gives rise to widespread abuse with the monies being withheld for three and more years.

If successul, this Bill would secure and release on time these retentions by way of a deposit scheme.

Here in Suffolk, and across the UK, SMEs are the backbone of our economy and Dr Dan was pleased to work with Mr Aldous to hopefully bring about this change in legislation, which will ensure greater support and protection for small businesses in the construction industry.

The bill passed its first reading stage and will now have its second reading on Friday 27th April 2018.

 

 

 

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Dr Dan's work in Parliament

Mental Capacity (Amendment) Bill [Lords]: Schedule to Be Inserted as Schedule Aa1 to the Mental Capacity Act 2005 (12 Feb 2019)
Daniel Poulter: I thank my hon. Friend for the conciliatory way in which she has gone about dealing with this Bill, engaging with colleagues on both sides of the Houses, and putting forward some good and sound amendments to get the Bill to a better place. However, on the issue of funding, which was raised during the debate earlier, if we are going to make social care legislation or legislation of this sort...

Mental Capacity (Amendment) Bill [Lords]: Extent, Commencement and Short Title (12 Feb 2019)
Daniel Poulter: I can understand where the hon. Lady’s concerns come from, but having had detailed discussions with my hon. Friend the Minister, I am reassured, perhaps more than the hon. Lady is, by the systems and some of the amendments that have been put in place to take into consideration concerns about conflicting provider interest. She makes a good point on the lack of funds and resources and...