A Conservative country banker, Heygate was a knowledgeable presence in debates on commercial and financial questions, but was not afraid of intervening on other issues. In the late eighteenth century his family, originally from Leicestershire, developed a banking business with branches in Leicester and the City of London, which superseded their earlier interests in hosiery. Heygate’s grandfather, James (1747-1833), married into the Unwin family, who were prominent merchant hosiers, and was a partner in Pares’s Leicestershire Bank, which was founded in 1800.
After completing his education, Heygate was called to the bar but joined Pares’s bank rather than pursue a legal career.
In the House, Heygate, speaking in support of William Edward Forster, repeatedly pressed ministers over trade negotiations to reduce the high tariffs Belgium placed on British goods.
In 1865 Heygate expressed the ‘distrust and dislike’ of the country banks for Gladstone’s bill which proposed phasing out their power to issue notes.
He finished third at the 1865 general election behind two Liberals, but was returned unopposed for Stamford, 24 June 1868, after the accession of the previous Conservative incumbent to the Lords.
Stamford was reduced to one member in 1868 and Heygate did not seek re-election. He was returned at a by-election for South Leicestershire in 1870, where he sat until his defeat at the 1880 general election.
