Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Steve Baker Excerpts
Thursday 3rd July 2014

(9 years, 10 months ago)

Commons Chamber
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Baroness Morgan of Cotes Portrait Nicky Morgan
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I entirely agree with the hon. Gentleman. I assume that he supports the EBacc and that he welcomes the work of the Under-Secretary of State for Education, my hon. Friend the Member for South West Norfolk (Elizabeth Truss), who I think has done more than anyone else in recent years to triumph and to talk about the importance of all students, particularly girls, studying science and maths. [Interruption.] I am glad to hear the hon. Gentleman was there supporting her, too.

Steve Baker Portrait Steve Baker (Wycombe) (Con)
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4. What recent progress she has made on encouraging women to set up their own businesses.

Baroness Morgan of Cotes Portrait The Minister for Women (Nicky Morgan)
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The Government offer a wide range of support to women entrepreneurs—for example, the new enterprise allowance, mentoring, business advice and start-up loans. I also recently announced a £1 million challenge fund specifically to support women to move their businesses online and take advantage of superfast broadband. We know these measures are making a difference, with more women running their own businesses than ever before.

Steve Baker Portrait Steve Baker
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Which particular areas have the Government identified where we can celebrate the success of women entrepreneurs?

Baroness Morgan of Cotes Portrait Nicky Morgan
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There are many different areas, but let me just pick one. The latest statistics from the Federation of Small Businesses show a dramatic increase in the number of women starting up businesses in the retail sector, and high streets across the country are seeing the benefit. Half of all small businesses established in retail in the past two years are primarily owned by women. That is in stark contrast with 20 years ago, when it was less than a quarter. That demonstrates the fundamental role that women are playing in helping the country to recover from recession. I hope that Members on all sides of the House will encourage retail businesses on their high streets to apply for the Future High Streets Forum’s Great British high streets awards.