Entrepreneurs’ Relief Debate

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Department: HM Treasury

Entrepreneurs’ Relief

Lord Shipley Excerpts
Thursday 26th February 2015

(9 years, 9 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords, as the noble Lord has pointed out, we have increased the cap fivefold. However, we believe at this point that the limit is necessary as part of the overall design of the relief and to ensure that the relief is well targeted and not open to misuse. As I said in my initial Answer, it is worth £3 billion already.

Lord Shipley Portrait Lord Shipley (LD)
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My Lords, in noting the success of government policies in entrepreneurialism and enterprise, may I draw my noble friend’s attention to the Burt report, entitled Inclusive Support for Women in Enterprise, produced by Lorely Burt MP, the government ambassador for women in enterprise? It has a particularly helpful set of recommendations, not least on the work—and the possibilities for additional work—done by local enterprise partnerships. Do the Government have any plans to give the Burt report their very full consideration?

Lord Newby Portrait Lord Newby
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My Lords, the Burt report contains a whole raft of really interesting proposals, which the Government will consider. The latest figures that I have show that some 990,000 SMEs are led by women. At about 20% that is a record high, as far as I am aware.