Oral Answers to Questions

Mark Pawsey Excerpts

Thursday 8th November 2012 Commons Chamber

[Jo Swinson]

The hon. Gentleman makes a very good point, because what often happens is that one business goes under and its creditors get into difficulty as a result. We want to make sure that the system works to prevent such situations and provide support to businesses. We need to be wary of unintended consequences, because we also do not want a regime under which people who have had a failure in business cannot start up again, but we need to look at the disqualification regime and check that we have got the balance right.

[Mark Pawsey (Rugby) (Con)]

16. What recent steps he has taken to encourage business start-ups; and if he will make a statement.

[Graham Evans (Weaver Vale) (Con)]

19. What recent steps he has taken to encourage business start-ups; and if he will make a statement.

[The Parliamentary Under-Secretary of State for Skills (Matthew Hancock)]

There were almost 500,000 start-ups last year—the highest number since records began in 1997, up from 360,000 in 2010. We are helping to encourage business start-ups by providing advice and financial support, and confidence that the Government will pay their way.

[Mark Pawsey]

I recently visited Warwickshire college’s Rugby site to talk to students at the Peter Jones enterprise academy, and I joined them on the “StartUp Britain” bus. Thirty years ago I started a business without any formal training, and it would have been of great value to me if those resources had been available then; I might have made fewer mistakes in the early days of running my business. Does the Minister agree that these schemes are a great way to ensure that our young people get the vital skills they need to help get new businesses started effectively?

[Matthew Hancock]

Absolutely. I too have visited a Peter Jones academy, and they are a brilliant new innovation. The new start-up loans provide finance and support for young entrepreneurs to help them get a start, and we need to do all that we can to support people who want to start up businesses.