Oral Answers to Questions

Debate between Stephen Lloyd and Mark Prisk

Thursday 27th October 2011 Commons Chamber

[Stephen Lloyd (Eastbourne) (LD)]

10. What steps he is taking to encourage entrepreneurship.

[The Minister of State, Department for Business, Innovation and Skills (Mr Mark Prisk)]

The Government are committed to making the United Kingdom the best place in Europe to start, finance and grow a business. Steps being taken include boosting tax relief, getting the banks to increase lending to small firms and scrapping regulations from this Department alone that would have cost small and medium-sized enterprises more than £315 million every year.

[Stephen Lloyd]

I thank the Minister for his answer. It is clear that the Government are taking an active lead on growing and supporting our entrepreneurs. Will he therefore join me in supporting the Federation of Small Businesses in its fantastic real-life entrepreneur campaign, as that support will demonstrate yet again just how committed the coalition Government are to the entrepreneurial spirit in UK plc?

[Mr Prisk]

Absolutely. That is an excellent campaign by the FSB, and it shows why we are focused on matters that concern those real-life entrepreneurs: cutting their costs; tackling red tape; and of course improving access to finance. There is a lot more to do, but they know that we are on their side.