(9 years, 9 months ago)
Commons ChamberI could not have put it better myself. I absolutely agree that the statistics show that progress has been made, and hopefully that will inspire more women to go and get the start-up loans required, which is really important.
We also have some great role models. If we look across the country, we see women such as J. K. Rowling, who came up with the idea for Harry Potter in 1990—it just popped into her head on a crowded train to Manchester. Michelle Mone left school at age 15 without a single qualification, and she had the idea for Ultimo lingerie when she wore a particularly uncomfortable bra and thought that she could produce something better. Linda Bennett, of L.K. Bennett, worked as a shop-floor assistant in north London branches of Whistles and Joseph before going on to establish her own massively successful fashion line.
Specsavers co-founder Dame Mary Perkins is the UK’s first female billionaire. She was born and raised in a Bristol council house before studying optometry at Cardiff university. Friends Sophie Cornish and Holly Tucker established the retail site notonthehighstreet.com in 2006. It has since turned over £100 million in trade. Rita Sharma is the UK’s richest Asian female entrepreneur. She dropped law after one term at Sussex university to begin Worldwide Journeys, a travel agency that now has a net worth of £7 million.
Business Dragon and the founder of Weststar Holidays, Deborah Meaden, began her first company, a glass and ceramics business, aged just 19. Hilary Devey was continually refused support by bankers she approached about her proposed venture for the freight network Pall-Ex. It now has a combined turnover approaching £100 million. We have great examples out there, with the likes of Jo Malone and The White Company. There are so many female entrepreneurs who have made a real difference.
Does the hon. Lady agree that that is often a particularly good way for women with young children to branch out and set up their own business? We had an event earlier this week with the National Childbirth Trust on the cost of child care, and there were a number of women there with lots of small children—always refreshing in Parliament—who had changed career because of the cost of child care and were setting up their own businesses, which in years to come will have huge potential to contribute to the economy.
I completely agree. Only recently the Exchequer Secretary visited Chiswick to meet female entrepreneurs and women who were thinking about setting up a business, and they said exactly the same. They needed something more flexible and perhaps part time, but something they could establish for themselves in that way.
In my west London constituency, in Chiswick, Brentford, Isleworth and Hounslow, one of the most well-known female entrepreneurs is Cath Kidston, who opened her first shop in 1993 and now has 59 stores in the UK and 54 across Spain, Japan, the Republic of Korea, Thailand, Taiwan, Hong Kong and China. She started making wash bags and aprons because she had over-ordered fabric.
Another entrepreneur from Hounslow is Shavata Singh, who is now famous for doing the eyebrows of the stars. Almost every department store now has a Shavata concession doing eyebrows—if you ever need them done, Mr Deputy Speaker. She has now established her flagship store in Knightsbridge and is doing amazing work. Angela Lyons-Redman, of My Plumber, is based in Brentford and Chiswick. She left her job as a solicitor because she thought she could offer a better, faster service in the plumbing world—initially working from her bedroom, with a plumber on a motorbike—and now employs 38 people and several apprentices. She is doing a great job with that company.
Lorraine Angliss created Annie’s, a lovely, quirky and comfy restaurant in Chiswick and Barnes, and now has a sister restaurant in Richmond, and they are much loved by locals. Julia Quilliam set up a property business in Brentford, an independent family-run estate agent. Anila Vaghela, of Anila’s Sauces, which is also based in Hounslow, makes curry sauces. She set up the business in her 50s after being made redundant. She has won many Great Taste awards, and her sauces are all about love and harmony.
I have a range of other examples of great local female entrepreneurs, such as Charlotte who set up Badger & Earl, Maggie who set up Maggie & Rose, Anette who set up Chateau Dessert, Esther Gibbs who set up LondonMummy.com, Sarah who set up Sprinkled Magic, and Martha Keith. They have all made their mark by setting up their own business.
Martha Keith has an interesting story. When I entered this place, I wanted to encourage more women to set up businesses. I feel that in many sectors we just need to encourage more women. I attended a Commonwealth meeting of female parliamentarians in Edinburgh. We were a group of 15 women all standing together, and we all said that we got into Parliament because someone had tapped us on the shoulder and said, “Why don’t you do it? You’d be great.” It strikes me that we need to encourage women constantly. We know that they have the ability and the skills, but we need to encourage them to take that step.