Female Entrepreneurs 2022-07-13
2022-07-13
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question addresses the need to support women starting and scaling businesses.
What steps are being taken with Cabinet colleagues to help support female entrepreneurs? If women were starting and scaling businesses at the same rate as men, it would add £250 billion to the UK economy. We need to turbocharge investment and support for female entrepreneurship by pivoting existing financial packages like the enterprise investment scheme.
A taskforce on women-led high growth enterprise was set up and will use its convening power to influence high growth investors and raise aspiration for female entrepreneurs. The Government are committed to supporting women entrepreneurs through the implementation of recommendations from the Rose review.
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Assessment & feedback
The specific request to pivot financial packages like the enterprise investment scheme was not addressed directly.
Response accuracy
Q2
Partial Answer
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Context
The question addresses the need to support women starting and scaling businesses.
I thank the Minister for that answer, but if women were starting and scaling businesses at the same rate as men it would add £250 billion to the UK economy. We need to turbocharge investment and support we are giving to female entrepreneurship. What thought has been given to pivoting some of the existing financial packages, such as the enterprise investment scheme, to better support women-led enterprises?
The Government are committed to supporting women entrepreneurs through the implementation of recommendations from the Rose review. However, the enterprise investment scheme has specific objectives and is not designed for pivoting to specifically support women-led enterprises.
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Assessment & feedback
The request to pivot financial packages like the enterprise investment scheme was partially acknowledged but not fully addressed.
Response accuracy
Q3
Partial Answer
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Context
The question addresses the issue of childcare functioning within universal credit and its impact on women becoming entrepreneurs.
The hon. Member for Gosport rightly points out some problems with Government schemes, but the Minister should know that the way childcare functions within universal credit does not help women become entrepreneurs. What conversations has she had with other Ministers in the Department for Work and Pensions and civil servants on reform to childcare?
The Government are committed to helping families with childcare through available options. The message from this exchange today encourages families to take up the childcare options that are available and supports people as they do so.
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Assessment & feedback
The specific request about conversations on reforming childcare within universal credit was not addressed.
Response accuracy