Business Start-ups: Women

Women and Equalities – in the House of Commons at on 23 January 2020.

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Photo of James Grundy James Grundy Conservative, Leigh

What steps her Department is taking to support more women to start their own businesses.

Photo of Elizabeth Truss Elizabeth Truss The Secretary of State for International Trade and President of the Board of Trade, Minister for Women and Equalities

The number of self-employed women is at a record high of 1.7 million. We are cutting unnecessary red tape and reducing business rates, making it easier for more women to start their own businesses.

Photo of James Grundy James Grundy Conservative, Leigh

I am grateful for the Minister’s response. What grants are available for young women to start their own businesses, particularly in northern constituencies such as mine?

Photo of Elizabeth Truss Elizabeth Truss The Secretary of State for International Trade and President of the Board of Trade, Minister for Women and Equalities

Starting a business is a fantastic opportunity. It provides people with power and control over their life, and it helps contribute to the economy and their family. We are expanding the start-up loan scheme, which has a particularly high take-up rate among female entrepreneurs. I strongly encourage my hon. Friend to talk to his constituents about this excellent scheme and make them aware of it.

Photo of Lisa Cameron Lisa Cameron Shadow SNP Spokesperson (Mental Health)

Young women with disabilities face double the barriers to becoming entrepreneurs. Will the Department work with my all-party-group on disability to look closely at this issue? We will be holding a series of sessions on it to ensure that we have a truly inclusive economy.

Photo of Elizabeth Truss Elizabeth Truss The Secretary of State for International Trade and President of the Board of Trade, Minister for Women and Equalities

I know that the employment Minister, my hon. Friend Mims Davies, has already agreed to meet the hon. Lady to talk about this issue. She is absolutely right that opportunities to start one’s own business are particularly good for people who need additional freedom and flexibility. I commend the scheme that the hon. Lady is running.