Mansion House Accord Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Gregor Poynton
Main Page: Gregor Poynton (Labour - Livingston)Department Debates - View all Gregor Poynton's debates with the Department for Work and Pensions
(1 day, 14 hours ago)
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Torsten Bell
I thank my hon. Friend for his comments. It is nice to hear the positivity coming from him and other Members in this House who believe that Britain can do better than the last 15 absolutely terrible years. The investments we will be making, delivering on the supply of capital with the likes of the reforms today, while allowing building for housing, transport projects and the rest, are exactly what will make the difference in the longer term.
Gregor Poynton (Livingston) (Lab)
Innovation is one of Britain’s great strengths, with fast-growing firms driving over £1 trillion into the UK economy and supporting 3.2 million jobs. However, many of those firms, many of which are based in my constituency, still face stubborn barriers to scaling up, particularly around accessing long-term finance. How will the Mansion House accord help channel greater investment from pension funds into those scale-ups to help them grow?