← Back to Westminster Hall Debates

Family Businesses: Contribution to Local Communities

20 December 2022

Lead MP

John Stevenson
Carlisle
Con

Responding Minister

Kevin Hollinrake

Tags

EconomyTaxationEmploymentBusiness & Trade
Word Count: 13217
Other Contributors: 7

At a Glance

John Stevenson raised concerns about family businesses: contribution to local communities in Westminster Hall. A government minister responded.

Key Requests to Government:

The hon. Member asks for more Government recognition of the challenges faced by family businesses and suggests that the Government could do more to support these businesses in terms of growing, understanding their nature, ensuring finance and investment, providing training opportunities, offering general advice on succession planning, and promoting a positive profile for family businesses.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Carlisle
Opened the debate
The hon. MP is concerned about the challenges faced by family businesses, including succession planning and financing growth. He highlights that family businesses account for nearly 14 million employees in the UK, over 50% of all private sector employment, contributing to approximately 44% of GDP. The MP emphasises the importance of recognising the unique strengths of family businesses such as resilience during economic downturns, long-term investment perspectives, and community involvement.

Government Response

Kevin Hollinrake
Government Response
The Minister thanked the MP for Carlisle for initiating a debate on family businesses, noting their importance to communities. He shared his own experience with a family business that started in 1992, emphasizing the role of women in such enterprises. He acknowledged global challenges faced by businesses and highlighted government support measures including the Energy Bill Relief Scheme (EBRS) expected to cost around £25 billion for mitigation. The Minister also mentioned increased employment allowance, national insurance reduction, and business rate relief worth about £13.6 billion, as well as incentives like zero-rated energy on energy-saving products and subsidies for management skills improvement schemes.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.