Fallon becomes Minister of State for Business and Enterprise with a whole raft of responsibilities.
Despite the Government’s recent commitment to construction the industry is not highlighted in the official list of Fallon’s sectors which have been confirmed as:
- Business sectors, including low carbon economy, low emission vehicles, electronics
- Small business, enterprise and access to finance
- Competitiveness and economic growth
- Deregulation and better regulation
- Regional and local economic development (including Grants for Business Investment)
- Business support
- Olympic legacy
- Export licensing
- Royal Mail
- General oversight of Shareholder Executive and its portfolios
- Commons spokesman on Trade and Investment