Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of poverty and inequalities on entrepreneurialism and economic growth.

Economic growth is the best way to reduce poverty. We are providing opportunity and training for all, so that everyone can secure their own economic future. That might be through setting up their own business and Government has so far backed over 33,500 Start-Up Loans, worth over £180m. There are a record 5.3 million small businesses in the UK.The Mone Review, led by entrepreneur Michelle Mone, is bringing forward recommendations for how best to support entrepreneurship in disadvantaged communities.