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1104835

registered interest
date	25/03/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	New Businesses: Families
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what support his Department is providing to entrepreneurs with family care responsibilities.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Paul Farrelly
uin	236313
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>The Government is committed to supporting all entrepreneurs to start and grow a business and is a key aspect of our ambitious Industrial Strategy. The Government supports diversity in all its forms in business and recognises the valuable contribution they make to our economy.</p><p>On 6th March BEIS launched the Young Entrepreneurs Review, independently led by the Prince’s Trust. The Review will close in September 2019 and will seek to better understand young entrepreneurs, the specific barriers and opportunities they face, and what more can be done to support them to start and grow a business, including young people from disadvantaged backgrounds.</p><p>The Department ensures that the Shared Parental Leave and Pay Scheme enables eligible couples to share up to 50 weeks of leave and up to 37 weeks of pay, in the first year.    We are currently evaluating the scheme and have commissioned both quantitative and qualitative data on the level of take-up; barriers to take-up; and how the scheme is being used in practice. Last year, GEO and BEIS ran a joint £1.5m campaign to promote awareness and take-up of Shared Parental Leave and Pay and a campaign to raise awareness launched last month. We are exploring options for improving tools and guidance for parents.</p><p>Pregnant women and new mothers who are self-employed may qualify for Maternity Allowance (a benefit which is administered by the Department for Work and Pensions). Where they do not intend to use their full entitlement to Maternity Allowance they can ‘create’ up to 50 weeks of Shared Parental Leave and up to 37 weeks of Statutory Shared Parental Pay for an employed father or partner to take (subject to eligibility conditions).</p><p>Employed directors can qualify for a range of employment rights including Maternity Leave and Pay (or Maternity Allowance), Paternity Leave and Pay, Adoption Leave and Pay and Shared Parental Leave and Pay. Maternity and Adoption Leave are ‘day 1’ rights. Other family related employment entitlements are subject to eligibility conditions.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 01/04/2019 12:12:03 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 110835 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
tabling member	1436 label Biography information for Paul Farrelly

1104840

registered interest
date	25/03/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	New Businesses: Females
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to encourage UK-based institutional and private investors to invest in female entrepreneurs.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Paul Farrelly
uin	236318
answer	answer is ministerial correction date of answer 01/04/2019 answer text <p>On 8 March, HM Treasury published the Rose Review into Female Entrepreneurship which explored the barriers women face when starting a business and what can be done to overcome them.</p><p>In response to Alison Rose’s findings, the government is setting out an ambition to increase the number of female entrepreneurs by half by 2030. This will require an additional 600,000 female entrepreneurs, and concerted efforts from both the private and public sector.</p><p>We are establishing a new Investing in Women Code, which will report annually, and see financial institutions sign up, track how they are currently doing and take steps to improve how they allocate funding to female entrepreneurs.</p><p>I will also sponsor an industry-led taskforce alongside Treasury Ministers that will drive forward work to encourage greater investment in female entrepreneurs by all types of finance provider.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 01/04/2019 12:12:19 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 110837 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
tabling member	1436 label Biography information for Paul Farrelly