Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Female entrepreneurs to add £250b to the economy with equal access to funding and support 

by June 7, 2023
June 7, 2023
Female entrepreneurs to add £250b to the economy with equal access to funding and support 

Female entrepreneurs could add £250 billion to the UK economy with equal access to funding and right support, according to the Business and Trade Secretary and Minister for Women and Equalities, Kemi Badenoch.

This comes following the Government’s publishing of the third annual Investing in Women Code (IWC) report, revealing that the significant progress made in breaking down the finance gap between female and male entrepreneurs.

The IWC now covers a large proportion of the SME lending market, accounting for 39 per cent of UK venture and growth equity deals, an increase from 24 per cent in 2020.

The report also showed that 35 per cent of all venture capital deals made by IWC signatories were in female-founded companies in 2022, compared to the market average of 27 per cent.

The IWC was founded four years prior as a landmark government-lead initiative as a result of the Rose Review’s findings that a lack of funding support acts as one of the most significant barriers to women seeking to effectively scale a business.

Commenting on the findings, Sheila Flavell CBE, Chief Operating Officer for FDM Group, added: “The report demonstrates how important progress has been made, but further work must be conducted in order to close funding gaps. Providing equal access to finance will be the necessary boost to unlock the potential of female founded businesses and will help bolster the Government’s commitments on growing the economy further – even amongst the challenging economic backdrop, the issue should not be dropped.”

“The actions of signatories implementing various measures to improve their support for female entrepreneurs is crucial in boosting confidence. Implementing policies, female-focused networking, the recruitment from a more diverse pool of candidates and the offering of mentoring from other female founders to name a few are some of the key efforts necessary to achieving gender equity in the start-up system.”

200 plus organisations have signed up to the IWC, depicting the growing number of people committed to increasing the levels of financial support toward women-led businesses, and highlighting how the code is the leading way in addressing the pervading finance gap.

Business and Trade Secretary and Minister for Women and Equalities Kemi Badenoch said: “It’s excellent that members of the Investing in Women Code are leading the way in addressing the finance gap between male and female entrepreneurs, ensuring that the UK is the best place in the world to start a business, regardless of gender.”

The findings also showed how female investors remain underrepresented on investment committees. Signatories report an average of 32 per cent female representation in their investment teams, and less than a quarter (24 per cent) on their investment committees.

The report additionally highlighted a relationship between more diverse investment committees, and successful pitches from all-female and mixed gender leadership teams, becoming a crucial area to address.

Read more:
Female entrepreneurs to add £250b to the economy with equal access to funding and support 

0
FacebookTwitterGoogle +Pinterest
previous post
Fast Facts about Mandatory Spending
next post
Standard Econ Model Bridges the “Unfortunate Events” and “Original Sin” Explanations for Inflation

You may also like

Retailers to pay for consumers’ e-waste recycling from...

December 28, 2023

Wikipedia will not perform Online Safety Bill age...

April 28, 2023

How Ethan Putterman Is Helping Change The University...

December 14, 2022

UK’s leading entrepreneurs urge Liz Truss to back...

September 12, 2022

Living standards to stagnate in 2025 despite hopes...

December 27, 2024

40,000 BT staff on strike: ‘We won’t have...

August 30, 2022

UK retailers are missing out as shoppers are...

May 18, 2023

Britain’s school concrete crisis could cost over £150M

September 6, 2023

HMRC to hire 1,630 extra temps monthly to...

August 14, 2023

  From Exploration to Science: Innovative Technology and...

May 18, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025
    • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

      June 5, 2025
    • Musk unleashes wild Epstein claim against Trump after being booted from DOGE

      June 5, 2025
    • Three Charts Showing Proper Moving Average Alignment

      June 5, 2025
    • Biden only hand-signed one pardon during final spree, and it was his most controversial one

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,542)
    • Stocks (3,129)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved