East Surrey MP, Sam Gyimah, delivered a speech in the House of Commons on 24th March in response to this year's Budget. Mr Gyimah focused his speech on the second objective of the Chancellor's plan for growth; to make the UK one of the best places to start, finance and grow a business.

Commenting on the Budget, Mr Gyimah said:

"Most of the changes made will not make the headlines like the 1p cut in fuel duty, but have the potential to turn the UK into the start up capital of Europe - a destination for investors looking to invest in fast growing businesses and entrepreneurs looking to start new businesses and create jobs."

"Given how many small businesses there are in Tandridge and Horley, I know the measures to help them will make a real difference in East Surrey. It is vitally important that these companies are able to gain access to finance, innovate by investing in research and development, and that we reward the endeavour and enterprise of those individuals who successfully start up and build these businesses.

Drawing on my own experience, I know how critical it is for small fast growing businesses to get funding to expand and take people on. Which is why it was right that the Budget simplified and expanded the rules around the Enterprise Investment Scheme, exempted new businesses from a raft of regulation and raised entrepreneurs relief from £5 million to £10 million; sending the signal that we want to encourage the spirit of adventure essential to business success, and reward the enterprise and endeavour of those individuals who take risk, build businesses, create jobs and drive the growth we need".

The text of Mr Gyimah's speech is available at:

http://www.publications.parliament.uk/pa/cm201011/cmhansrd/cm110324/debtext/110324-0003.htm#11032467001617

A video can be viewed at:

http://www.parliamentlive.tv/Main/Player.aspx?meetingId=7926&st=15:11:37