Baroness Mone Publishes ‘Be the Boss’ Review
3 March 2016
Leading entrepreneur and businesswoman Baroness Mone OBE has
unveiled the findings of her independent review to help increase
business start-ups in the most disadvantaged communities across
Boosting enterprise in more deprived communities' is the
culmination of a 6 month-journey in which Baroness Mone met
business leaders, start-up owners and aspiring entrepreneurs from
areas of high unemployment across the country.
The self-employment rate in Great Britain stands at 10% of the
working age population, however in the 10% most deprived areas,
people are almost 50% less likely to be self-employed.
Baroness Mone worked to identify what barriers they faced when
starting up a business, and to create a series of recommendations
to reverse this trend.
Some of the review recommendations include:
- improving access to start-up loans
- strengthening the quality of New Enterprise Allowance (NEA)
support to achieve stronger and more viable businesses
- encouraging existing self-employed people to mentor new
- asking schools, local authorities and government to look
further at how business skills can be taught to pupils
Baroness Mone OBE said:
"I was honoured to conduct this review, and to make a series of
recommendations that I believe will help strengthen enterprise
across the country.
People living in the most deprived communities still face barriers
to starting up their own businesses. It is vital we take steps to
overcome these by boosting their confidence, offering more income
security and building better business networks.
By improving access to loans and mentors, and boosting existing
Government support to aspiring business leaders, we can help foster
a more entrepreneurial Britain and improve the lives of families
and communities across the country.
This report is only the beginning. I will continue to work in a
personal capacity with high street banks to create a nationwide
network of bank-funded enterprise hubs and support more people to
Secretary of State for Work and Pensions Iain Duncan Smith
"I want to thank Michelle for her work looking at how we can
support more people in disadvantaged areas to set up their own
Michelle has met more than 75 organisations and 120 people in the
course of her review, and has made insightful
Helping more people to become self-employed will help support
economic growth and create jobs in some of the most disadvantaged
communities, and we will now look at Michelle's recommendations
Business Secretary Sajid Javid said:
"Entrepreneurs across the country should be celebrated for their
impact on job creation and economic growth.
It is absolutely right that government supports people from all
walks of life who have a great idea they want to turn into a
business. I welcome the publication of this review and remain
committed to our start up loans programme, which has so far helped
more than 35,000 people become their own boss."
The full report can be found on the