Oral Answers to Questions

Andrew Jones Excerpts

Wednesday 7th June 2023 Commons Chamber

[The Parliamentary Under-Secretary of State for Work and Pensions (Mims Davies)]

I do understand the hon. Lady’s point. We remain committed to our ambition to remove the lower earnings limit, as we set out in 2017. That will proportionately benefit the lowest earners the most, including women working part-time.

[Andrew Jones (Harrogate and Knaresborough) (Con)]

T5. Last year, women established more than 150,000 new companies in the UK, which is twice as many as four years ago and the highest ever, yet the number of women founding businesses remains well below that of men. What steps are being taken to further support female entrepreneurs?

[Maria Caulfield]

We are committed to supporting female entrepreneurs, particularly in the high-growth sector. That is why we have launched the women-led high-growth enterprise taskforce, which has found that venture capital is a serious barrier. Currently, for every £1 of venture capital, 89p goes to companies led by men and only a penny to women. That is why getting access to venture capital and funding opportunities is a priority for female entrepreneurs.