Jim Shannon

Jim Shannon

Democratic Unionist Party — Strangford

Speaking in the House of Commons on 13 May 2025

Debate

Venture Capital: Access

Contribution

I commend the hon. Lady for securing this debate. In Northern Ireland we have the Minorities Recognition Awards, which launched the innovators grant competition for ethnic minorities in Northern Ireland. It has been a successful collaboration that offers entrepreneurial individuals from ethnic minority backgrounds who are resident in Northern Ireland and have a novel business idea a choice to apply for a grant of some £10,000 to further develop their ideas. But to make it go further and work better, does the hon. Lady agree that the devolved institutions could benefit from further funding for the likes of these grants to potentially bridge funding gaps and ensure that people from all backgrounds can have the opportunity to succeed? I believe that many people have that ability.

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