B

Baroness Lloyd of Effra (Lab)

Speaking in the House of Lords on 28 January 2026

Debate

UK Start-up Companies

Contribution

My noble friend raises the equally important point that, as well as supporting start-ups, we need to support scale-ups. One initiative that the Government have taken is the entrepreneurship prospectus, which takes action on four important areas that create the ecosystem for companies not only to establish themselves but to thrive. That includes: on R&D, focusing public research firepower on priority sectors; changing the procurement rules and approach so that the Government are a better customer for innovative businesses, which is something that scale-ups often raise with us; the changes to tax reliefs, which I mentioned; and strengthening the ability of public finance institutions to invest at series B and beyond.

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