Ministerial role

Minister of State for Business and Enterprise

Responsibilities

The minister is responsible for:

  • business sectors (excluding construction, rail, and retail) and advanced manufacturing, including low carbon economy, low emission vehicles, electronics
  • competiveness and economic growth, including economic opportunities and shocks
  • Business Bank and access to finance
  • Green Investment Bank
  • deregulation and better regulation
  • export licensing
  • Royal Mail
  • overseeing Shareholder Executive and its portfolios
  • House of Commons spokesman on trade and investment
  • enterprise
  • Small Business Enterprise and Employment Bill

Current role holder: The Rt Hon Matthew Hancock

Matthew Hancock MP was appointed Minister of State at the Department for Business, Innovation and Skills, Minister of State at the Department of Energy and Climate Change and Minister of State for Portsmouth on 15 July 2014. He was elected Conservative MP for West Suffolk on 6 May 2010.

Education

Matthew John David Hancock was educated at Farndon County Primary School, West Cheshire College and The King’s School, Chester. He gained a degree in Philosophy, Politics and Economics from Exeter College, University of Oxford, and a Masters Degree in Economics from the University of Cambridge.

Political career

After becoming an MP for West Suffolk, Matthew was elected to the Public Accounts Committee, which scrutinises and questions the way that government departments spend taxpayers’ money, and the Committee on Standards and Privileges that adjudicates on MPs’ conduct.

In September 2012 Matthew was asked to become Minister for Skills in the Department for Business and Department for Education. In September 2013 he was promoted to become Minister of State for Skills and Enterprise, adding responsibility for small business to his existing responsibilities for apprenticeships and technical education. He was appointed Minister of State for Skills and Enterprise in October 2013.

Personal life

Matthew’s first job was with his family computer software business. Later, he worked as an economist at the Bank of England and in 2005 moved to work for the then Shadow Chancellor of the Exchequer, George Osborne.

He stepped down from his role with George Osborne in February 2010 after being selected for the West Suffolk constituency in the 2010 general election.

One of Matthew’s passions is his support for horse racing, not least because the sport’s global headquarters are in Newmarket in West Suffolk. In July 2012 Matthew rode in a race at Newmarket, and despite odds of 25/1 he won the race, raising thousands for charity in the process.

In September 2011, he co-authored his first book ‘Masters of Nothing’ with Nadhim Zahawi MP. The book looks at the human behaviour that caused the crash and the changes we need to make to ensure that it doesn’t happen again.

Matthew is married to Martha, and has three young children. He is a keen cricketer and former secretary of the Lords and Commons Cricket Club. In 2005, Matthew set out on foot to play the northernmost game of cricket on record at the north pole. He didn’t make it to the pole, succumbing to frostbite on the Arctic Ocean, but he did succeed in playing the most northerly recorded game of cricket. He retains all of his fingers.

Previous holders of this role

  1. Michael Fallon

    • 2012 to 2014
  2. Mark Prisk

    • 2010 to 2012

Policies

  1. European funds

    • 23 July 2014
  2. Business enterprise

    • 24 September 2013
  3. Business regulation

    • 10 July 2013
  4. Boosting private sector employment in England

    • 17 January 2013
  5. Export controls

    • 12 December 2012

Announcements

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  1. Importance of aerospace

    • 10 July 2012
    • Statement to Parliament
  2. Top Inventors Make it in Great Britain

    • 4 July 2012
    • Announcement
  3. Manufacturers open doors to careers

    • 18 June 2012
    • Announcement
  4. Enterprise showcase gets royal seal of approval

    • 13 June 2012
    • Announcement
  5. Volunteer to make a difference to the way regulations are enforced

    • 23 May 2012
    • Announcement
  6. Construction industry showcase digs in at BIS

    • 16 May 2012
    • Announcement
  7. Focus on Enforcement looks at chemical manufacturing

    • 9 May 2012
    • Announcement
  8. Enterprising Britain

    • 4 May 2012
    • Announcement
  9. Enterprising Britain

    • 4 May 2012
    • Announcement
  10. Improving regulation in food manufacturing

    • 1 May 2012
    • Announcement