Business secretary Sajid Javid today (Monday) launches the All Party Parliamentary Group (APPG) for Entrepreneurship to give business owners a voice in the Houses of Parliament.
A new study by the Secretariat of the APPG, The Entrepreneurs Network, has revealed the policy areas of most importance to entrepreneurs in the UK today, many of which will be a focus of the new cross-party group.
Lowering business taxes was the highest on the to-do list with 85% of entrepreneurs saying it would be a positive move. Lowering personal taxes was also widely supported (79%), as was cutting business regulation (78%). When it came to our membership of the European Union, however, the results were less clear cut.
The decision on Brexit split those surveyed (Remain 48%: Leave 41%). Just over half (58%) believe exempting the UK from EU business regulation would boost entrepreneurship, but over two thirds (74%) want it to be easier to hire skilled workers from abroad.
The APPG will bridge the gap between entrepreneurs and politicians, ensuring that entrepreneurs input into the policymaking process, and informing them of changes to policy and how these might impact their businesses.
Speaking at the launch, Mr Javid said: “I want to make Britain the best place to start and grow a business by backing entrepreneurs to drive forward our economy. In an environment that encourages innovation and ideas, this government is championing ambition and creating jobs. I’m proud today to be launching the APPG for Entrepreneurship, which will make sure the voice of entrepreneurs is heard loud and clear in Parliament.”
Alan Mak MP, Chair of the APPG for Entrepreneurship, said: “The new Entrepreneurship APPG will be a key bridge between Westminster policymakers and entrepreneurs across Britain. Economic growth driven by innovation, exports and educational excellence is at the top of the Government’s agenda, and I’m delighted Business Secretary Sajid Javid is reaffirming his commitment to entrepreneurship by launching our APPG.”
In the first year, the APPG for Entrepreneurship will focus on four policy areas:
Enterprise education: How can we ensure our schools, colleges and universities equip students with the skills necessary to start businesses?
Exporting: What’s holding back British entrepreneurs from punching our weight when it comes to exporting?
Tax reforms: What reforms can we make to the current tax system to further encourage British entrepreneurs?
Female founders: Why are too few women-led businesses reaching the same economic scale as that achieved by male-led companies?