Small Businesses
Debate between Lord Bilimoria and Baroness Warsi(13 years, 8 months ago)
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Baroness Warsi
My Lords, the big society is defined by many in this House as being what most of them have done for most of their lives. It is a volunteering, social action, philanthropic approach to life, but it is also about the opening up of public services to local control and devolution of power. The regional growth fund is a discretionary fund to stimulate economic growth and employment and will operate over a period of three years. In particular, it will help those areas and communities that currently depend on the public sector to make the transition to sustainable, private sector-led growth and prosperity. Small and medium-sized enterprises have a vital role to play in that.
Baroness Warsi
My Lords, we are committed to reducing red tape in all sectors. Noble Lords will agree, and the Benches opposite will recognise, that business has been stifled over the past decade by excessive red tape.