Jim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)Department Debates - View all Jim Shannon's debates with the Cabinet Office
(1 day, 18 hours ago)
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Seema Malhotra
My hon. Friend is right; for too long, innovative women-led start-ups have been held back due to a lack of finance, with the proportion of equity capital investment going to all female-founded firms stuck at around 2% in the UK for the last decade. Alongside the invest in women taskforce, the Department for Business and Trade is leading on the investing in women code, and working with finance providers to increase access to finance, resources and networks for women-led businesses. I want to see us use the talents of all business leaders to support female entrepreneurs, which is right not just for women but for the whole economy.
Jim Shannon (Strangford) (DUP)
In my constituency of Strangford, many women have started their own businesses, but there has been a problem in getting access to the finance to make that happen. Venture capital will make that happen. To ensure that ladies and women have the same opportunities as men—just because they are a different sex, does not mean that they are any less able to do the job—will the Minister ensure that venture capital will be available in Northern Ireland, for ladies and women in Strangford and in Northern Ireland?
Seema Malhotra
The funding will be available to women-led businesses in the hon. Gentleman’s constituency. It is right that we continue to support the work of the Women’s Business Council and others, and look at all we can do to support women in businesses, and those who are coming forward to start their own enterprises.