Government Overseas Aid Commitment: Private Investment

Part of the debate – in the House of Commons at 4:39 pm on 9th October 2018.

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Photo of Penny Mordaunt Penny Mordaunt The Secretary of State for International Development, Minister for Women and Equalities 4:39 pm, 9th October 2018

I agree with my hon. Friend. We have talked about distant investors and pension funds, but this is also about British entrepreneurs. I had a meeting with an entrepreneur this afternoon; he is a young gentleman who is setting up factories to produce clothing around the world. He is taking women who have been living on the streets and giving them a job, and giving them healthcare, education and childcare. He is doing amazing things. Business can be a huge force for good. We now have tools to monitor what business is doing and what progress businesses are making, and we ought to get behind them and let them help.