"Kyle told bosses that his experience at the Department for Science, Innovation and Technology (DSIT) would be an asset in his new position, with plans to deploy the resources of the British Business Bank to drive growth. He said his goal was to make Britain the best place in the world for start-ups and scale-ups, and stressed the importance of long-term stability to boost business confidence."
"Echoing the Chancellor's recent rhetoric, Kyle said he wanted government policy to encourage greater risk-taking in business. In a statement issued through the government, he said: "I want government to be seen as an active partner that delivers success, supports new business and backs wealth creation. This government's number one mission is economic growth. We need to crack on and do it. We must double down, while being creative and unrelenting in pursuit of our goal. I want this to be the greate"
Peter Kyle pledged an ambitious growth agenda focused on creating the UK's first $1tn company and improving conditions for start-ups and scale-ups. He convened senior executives from major firms and business groups and outlined plans to use DSIT experience and the British Business Bank to drive growth. He emphasized long-term stability to boost business confidence and encouraged government policy to promote greater risk-taking. He confirmed upcoming travel to Washington to prepare for the US president's state visit and to China for official talks. He received licence from the prime minister to pursue growth opportunities with DSIT, the Treasury and the Department for Work and Pensions.
Read at Business Matters
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