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1156198
registered interest false more like this
date less than 2019-10-24more like thismore than 2019-10-24
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading New Businesses: Government Assistance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps she has taken to support (a) women and (b) people from ethnic minorities that want to set up businesses. more like this
tabling member constituency Sefton Central more like this
tabling member printed
Bill Esterson remove filter
uin 5002 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2019-10-30more like thismore than 2019-10-30
answer text <p>The UK is one of the best places in the world to start and grow a business. Government is committed to supporting all entrepreneurs, whatever their background, to have the opportunity to make their business ideas a reality.</p><p>We provide support to all entrepreneurs to set up businesses through our online services on GOV.UK, the Business Support Helpline, and the network of 38 local Growth Hubs across England. In 2018, 47% of the Business Support Helpline’s callers were women.</p><p>We have been working closely with HM Treasury and industry to implement the eight initiatives from the Alison Rose Review of Female Entrepreneurship, to tackle the barriers faced by women when starting and scaling a business. We have set an ambition to increase the number of female entrepreneurs by half by 2030 – equivalent to an additional 600,000 female entrepreneurs.</p><p>The British Business Bank’s Start-Up Loans Programme provides funding and intensive support to new entrepreneurs, and has delivered over 67,000 loans, worth over £534m since it began in 2012 (as at end-September 2019). 40% of Start Up Loans have gone to women – worth over £198m. 20% of Start Up Loans have gone to BAME entrepreneurs – worth over £100m.</p><p>BEIS has also launched an independent review into Young Entrepreneurship, led by the Prince’s Trust, that seeks to better understand young entrepreneurs, including young female and ethnic minority entrepreneurs, the specific barriers and opportunities they face – such as access to finance, and networks - and what more can be done to support them to start and grow a business.</p>
answering member constituency Rochester and Strood more like this
answering member printed Kelly Tolhurst more like this
question first answered
less than 2019-10-30T16:32:03.23Zmore like thismore than 2019-10-30T16:32:03.23Z
answering member
4487
label Biography information for Kelly Tolhurst more like this
previous answer version
2600
answering member constituency Rochester and Strood more like this
answering member printed Kelly Tolhurst remove filter
answering member
4487
label Biography information for Kelly Tolhurst more like this
tabling member
4061
label Biography information for Bill Esterson more like this