Oral Answers to Questions

Stephen Morgan Excerpts

Wednesday 8th March 2023 Commons Chamber

[Stephen Morgan (Portsmouth South) (Lab)]

T4. New businesses are almost three times as likely to be started by men as by women. Does the Minister agree with Labour’s plan to work with the British Business Bank to support female founders to achieve their ambitions?

[Maria Caulfield]

The Labour party is once again late to the party, because the Conservative Government are already delivering on this. We have set up the high-growth enterprise taskforce to get more women into setting up high-growth businesses and to end the disparity in venture capital whereby, for every pound that is given, 89p currently goes to men’s businesses and only a penny to women’s.