Coronavirus: Supporting Businesses and Individuals

Ben Everitt Excerpts

Tuesday 23rd February 2021 Commons Chamber

[Ben Everitt (Milton Keynes North) (Con)]

When the Labour party talks about business, we could be forgiven for thinking that every company is some kind of evil, global mega-corporation and that every employer is a cross between Gordon Gekko and that bloke with the top hat from the Monopoly board. Perhaps every employee is some sort of downtrodden Dickensian character bound into servitude by wicked capitalists. The reality, however, is very different. Our small and medium-sized enterprises are the backbone of our economy—99.9% of the 6 million businesses in the UK, and they account for three fifths of all the employment and more than half the turnover in the UK private sector. Total employment is 16.8 million, while total turnover is estimated at £2.3 trillion.

We on the Conservative Benches get that business means jobs, that jobs mean security, livelihoods, the certainty of a wage and being able to provide for our family. That is why our £280 billion financial support package is one of the most generous and effective in the world. That is why our furlough scheme has protected almost 10 million jobs, and that is why our business support schemes have delivered almost 1.6 million loans worth more than £70 billion.

I know that this support is welcomed by the 8,700 businesses in Milton Keynes North and I know how frustrating it is when businesses find it hard to access this support that the Government have allocated for them. That is why it is so important that councils release the additional restrictions grant to support local businesses in these tough times. I am ambitious for Milton Keynes; indeed, I am ambitious for Britain. Towns and cities across our four nations should be grasping the opportunities presented by the free trade deals that this Government are securing. Projects such as global MK, proposed by Conservative councillors in Milton Keynes, can drive inward investment into exciting new industries and help our local economic recovery to support those jobs. Global MK will be a two-year inward investment programme aimed at bringing international businesses to Milton Keynes, as the UK begins our post-Brexit journey. With trade deals being struck around the world, Milton Keynes is uniquely positioned to attract inward investment in areas such as logistics, FinTech, finance, artificial intelligence, electric vehicles, digital services and sport.

This Conservative Government are throwing the kitchen sink at supporting our businesses during the pandemic, but we should not stop at keeping the show on the road; we need to take the show on a world tour. Global MK can be the centre of global Britain.