Department for Business and Trade

Amanda Martin Excerpts

Wednesday 4th March 2026 Commons Chamber

[Amanda Martin (Portsmouth North) (Lab)]

I will speak up for the small businesses and hard-working tradespeople in Portsmouth North and across the country —the backbone of our economy—and set out what the Government have already achieved and what more they must do.

Let me start with what this Labour Government have delivered. We passed the Employment Rights Act 2025, which is an historic alliance between workers and businesses, and gives 18 million employees the right to work that they deserve—I am proud of that. Strong workers’ rights and a strong economy are not in conflict; they go hand in hand, because businesses that treat their workers well are businesses that thrive.

We have enacted our modern industrial strategy, which has already driven £70 billion worth of investment across Britain and can lead into the world. We have signed trade deals with India, South Korea and the EU, opening up markets for British businesses to export into, raising productivity and creating decent jobs. Griffon Marine, a Portsmouth-based business that makes hovercraft, is a prime example of a local company that has been able to grow thanks to our trading relationship with Japan. That is what trade deals mean in practice, not for multinationals but for proud and ambitious small businesses on the south coast.

We have made a start on backing our pubs and high streets, but, frankly, there is much more to do. We have introduced a new licensing policy framework to slash outdated red tape, which has held back our venues for far too long. We have protected pavement pints, fast-tracked permissions for al fresco dining, and given more permission for street parties and licensing hours. Developers will now be required to sound-proof new buildings near existing pubs and venues, protecting those much loved community spaces from noise complaints.

The Pride in Place impact fund programme by the Ministry of Housing, Communities and Local Government has given 340 communities, including Paulsgrove in Portsmouth, the money and powers to restore rundown pubs, push back on unwanted betting shops and vape stores, and bring life back to our high streets by spending on things that make people feel proud about where they live. My hon. Friend the Member for Portsmouth South (Stephen Morgan) and I are determined to use some of the Pride in Place impact funding to give our local businesses opportunities to scale up. That is about trust and pride in our neighbourhoods and local businesses, and I welcome it.

The Government have set out the small business strategy, a serious and comprehensive plan to end the scourge of late payments that crippled cash flow, and to provide small businesses with the skilled workers that they need. I was glad to see that the very first page of the strategy acknowledges the issue of tool theft, on which I have been campaigning since my election. I know the devastating impact that such theft has on self-employed tradespeople. A tool is stolen every 12 minutes in the United Kingdom. Last year alone, tool theft cost self-employed tradespeople £193 million. When we factor in loss of work, reputational damage, damage to vans and the high suicide rates in that profession, the true cost is far higher. I am glad that the small business strategy recognises that, and I hope the Minister will work with me on future plans to campaign to support our tradies.

I welcome the extra £4 billion that we have invested through the British Business Bank. It does important work, but I want to ask the Minister specifically about what we can do to help our defence colleagues. Access to finance in the defence sector is difficult, and in an ever-changing world, the need for agility extends opportunities for our small businesses. Will the Minister look seriously at joining the defence, security and resilience bank, because we could raise capital on global markets, guarantee loans, crowd in private finance, and provide the kind of multi-year, low-cost funding that protects production lines and supply chains? It is desperately needed. I ask the Government to look seriously at the proposal because it would give our small and medium-sized businesses the financial firepower to take on defence contracts and apprenticeships, and to scale up and deliver.

There are many positive points, but I agree with my right hon. Friend the Member for Birmingham Hodge Hill and Solihull North (Liam Byrne) who introduced the debate. Small businesses told me that we must look at energy costs, at business rates, at crime from theft to fraud, and at the workforce now and in the future. I am extremely proud of businesses in Portsmouth, from Portsmouth Aviation, which is helping Ukraine, to Bubble CiTea, a global company with a CEO who is a Pompey lad and has chosen to keep it there.