Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Lord Evans of Rainow Excerpts
Thursday 8th November 2012

(12 years, 1 month ago)

Commons Chamber
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Mark Pawsey Portrait Mark Pawsey (Rugby) (Con)
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16. What recent steps he has taken to encourage business start-ups; and if he will make a statement.

Lord Evans of Rainow Portrait Graham Evans (Weaver Vale) (Con)
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19. What recent steps he has taken to encourage business start-ups; and if he will make a statement.

Matt Hancock Portrait The Parliamentary Under-Secretary of State for Skills (Matthew Hancock)
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There were almost 500,000 start-ups last year—the highest number since records began in 1997, up from 360,000 in 2010. We are helping to encourage business start-ups by providing advice and financial support, and confidence that the Government will pay their way.

Matt Hancock Portrait Matthew Hancock
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Absolutely. I too have visited a Peter Jones academy, and they are a brilliant new innovation. The new start-up loans provide finance and support for young entrepreneurs to help them get a start, and we need to do all that we can to support people who want to start up businesses.

Lord Evans of Rainow Portrait Graham Evans
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In addition to making it easier for people to start up their own business, what steps are the Government taking through the tax system to encourage investment in small business?