Stirling and Clackmannanshire City Region Deal

Part of Finance Committee – in the House of Commons at 10:00 pm on 18th February 2019.

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Photo of Stephen Kerr Stephen Kerr Conservative, Stirling 10:00 pm, 18th February 2019

I am grateful to my hon. Friend for his well-intentioned correction.

While Stirling is also a great place for large established businesses to continue their journey, we have a real issue locally when it comes to small businesses scaling up to become successful larger businesses. The lack of scale-up businesses is due in part to a shortage of the right kind of business space and a shortage of the skills most needed by employers to grow their businesses. The situation is not helped by a shortage of housing of all types in Stirling, and the need for microbusinesses to be given the practical business support they need to help them on their commercial journey. Secondly, Stirling’s economy is held back by wealth inequality. We have some of Scotland’s wealthiest and poorest postcodes, and we need a more inclusive approach to economic development.