Women: Representation and Empowerment — House of Lords, 2016-03-07
Topic: Domestic Commerce
Michelle Mone (Conservative, Centre-right): My Lords, as a wee girl, I grew up in a tenement flat in the east end of Glasgow with no bath or shower and only a cupboard for a bedroom. So I cannot begin to explain what an honour it is to make my maiden speech in your Lordships’ House today. It is an honour to be making my speech alongside the right reverend Prelate the Bishop of Gloucester and I congratulate her on a brilliant and historic maiden speech I wondered whether I would fit in here, but I should not have worried. I am endlessly grateful for the guidance and support from all the officers and everyone who works in this wonderful House, and for the kindness and warmth of welcome from Members on all sides. I thank in particular my two sponsors, my noble friends Lord Freud and Lady Morris of Bolton. To my noble friend Lady Morris I say a huge thank you for being the best mentor I could ever have wished for, gently correcting me when I get things wrong. I also thank the noble Baroness, Lady Williams, and the Chief Whip for finding the time for this important debate I am dyslexic, and this speech is harder than any business I have ever started—and I started my first business when I was 10 years old. I had a paper round and, by the time I was 11, I had 17 teenagers working for me. Then, at the age of 12, I got a job in the local fruit and veg shop, but I was soon headhunted by the sweetie shop across the road, which paid me 15p more an hour. So I can tell your Lordships that I was off like a shot My parents did not have an easy life. My brother died when he was a baby and my dad was confined to a wheelchair at the age of 38. So, at the age of 15, I decided to leave school and go to work. I had nothing except passion, determination and a can-do attitude. I did not realise it at the time, but those are the basic ingredients required to be an entrepreneur At the age of 24, after years of working for others, getting married and having children, I decided to go it alone. I went to see the incredible Prince’s Trust, which gave me the help I needed to start up my business. I started it in my bedroom and, against all the odds, turned it into a successful global brand Innovation was always crucial to its success, and I sold the company last year to spread my wings and satisfy my entrepreneurial spirit. So I was honoured and truly touched when the Prime Minister and the Secretary of State for Work and Pensions, Iain Duncan Smith, asked me to head a review on a subject close to my heart: boosting start-up businesses in deprived areas. My team and I travelled across the country, from John o’Groats to Land’s End, speaking to hundreds of people and more than 70 organisations. I found that the greatest barriers for start-ups are not just a lack of capital or expertise but loneliness, lack of confidence and poor access to support networks. These barriers are experienced mostly by women. Although I feel that the situation is the best it has ever been since I started my business, we still have a long way to go. Just 20% of SMEs are led by women and, as a working mum of three, I know how hard it can be. Being an entrepreneur can be the loneliest job in the world, and that is why being part of a network, support and mentoring are vital I was lucky that my mum and dad taught me that dreams can come true if you work hard, are honest and never, ever give up. They worked around the clock to give us a better life. My fantastic kids, Rebecca, Declan and Bethany, have put up with an entrepreneurial mum, but they support and encourage me every day. I thank them all for the part they have played in my success. Many people are not so fortunate Today is 140 years to the day since another Scot, Alexander Graham Bell, patented a device that revolutionised the way in which we communicate, the like of which the world had never seen before. We need to think big, just like Graham Bell did, and find new ways to improve communication and networking for those who need it most If we were to utilise the skills of all the women currently out of work in the UK, it is predicted that we would see economic benefits of between £15 billion and £21 billion per year. That is more than the total value of all UK exports to China The first part of my report was published last week and I am delighted to say we are already seeing progress, with one of the world’s leading banks, HSBC, committing to provide hubs to support start-ups in deprived areas. I will be looking to the Government to make progress on implementing my other recommendations for the good of start-up businesses in this country This country is a fantastic place to start a business. However, far too often, we focus on the doom and gloom, when a positive mental attitude is needed for success. I want to see a future where women and girls, as well as men and boys, from even the most deprived areas dream of starting their own business. I am committed to ensuring that each and every one of them has an equal chance to succeed. I want them to believe that it does not matter where you are from: if you have a dream, determination, a can-do attitude and access to support, you will succeed The greatest gift we can offer is inspiration. I love music and I would like to share with you the words of a song by the late, great Whitney Houston, which inspired me when I was growing up. I normally sing this at karaoke, but on the advice of our wonderful doorkeepers, I thought I would spare your Lordships’ ears: "I believe the children are our future Teach them well and let them lead the way" I am devoted to helping achieve our goals for the people of this country. I look forward to playing a full and active role in your Lordships’ House and to joining Members on all sides to inspire and support the next generation of entrepreneurs, to promote the role and importance of women, and to ensure that every single young person in the United Kingdom has the opportunity, support, pride and belief they need to succeed, wherever they are from and whatever their circumstances.