Oral Answers to Questions

Stella Creasy Excerpts

Thursday 23rd January 2014 Commons Chamber

[Jenny Willott]

I am very glad to hear of the success of some of the start-up loans provided by this Government, and that the right hon. Gentleman has been able to identify an example in his constituency. Businesses across the country are going extremely well as a result of support from this Government. Another scheme that the Government are doing to help women in particular is the Get Mentoring scheme, into which we have put nearly £2 million. More than 40% of the mentors already trained are women. The scheme is designed to try to get more women to start up businesses and to be as successful as his constituent.

[Stella Creasy (Walthamstow) (Lab/Co-op)]

Will the Minister set out how, in her quest to have more women on boards, she intends to ensure that we do not just see the same women on more boards or, indeed, more women on fewer boards?

[Jenny Willott]

I am sure that the hon. Lady will join me in rejoicing at the fact that the FTSE 100 now has only two companies with all-male boards. A couple of years ago, the figure was 24 boards, so there has been significant progress. To increase the number of women going on to boards, we are doing everything we can to improve the pipeline, which means that more women below board level can get the support, mentoring and advice that they need to make themselves ready for and to get into board positions. We are doing what we can to increase the number of women on boards and to increase the flow of women, so that we can bring new blood on to the boards of Britain’s businesses.