Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Parents: New Businesses

Treasury written question – answered on 9th September 2019.

Alert me about debates like this

Photo of Emma Little Pengelly Emma Little Pengelly Shadow Spokesperson (Justice), Shadow DUP Spokesperson (Equality), Shadow DUP Spokesperson (International Trade)

To ask the Chancellor of the Exchequer, what fiscal steps he has taken to encourage (a) working parents and (b) working mothers to start their own business.

Photo of Rishi Sunak Rishi Sunak The Chief Secretary to the Treasury

The Government is committed to supporting entrepreneurs and removing barriers for would-be entrepreneurs. To support this aim, the Government has extended the Start-up Loans Programme until 2021 which will provide up to 10,000 loans to potential entrepreneurs to help them start a business.

The parental pay and leave system gives working parents the choice and flexibility they need to balance work with the demands of starting and growing a family.

For mothers in particular, in response to the Alison Rose Review on female entrepreneurship, the Government has announced its ambition to increase the number of female entrepreneurs by half by 2030, equivalent to nearly 600,000 additional female entrepreneurs. To support this, we have launched the Investing in Women Code which has 18 signatories from the financial services sector who are committed to improving female entrepreneurs’ access to tools, resources and finance.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.