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

Future Retirement Success

Business

HSBC UK launches £250m growth fund to empower women-led businesses

by September 13, 2024
September 13, 2024
HSBC UK launches £250m growth fund to empower women-led businesses

HSBC UK has unveiled the HSBC Women’s Business Growth Initiative, a £250 million funding programme designed to support women-led businesses by addressing the critical barrier of access to finance.

New research by HSBC reveals that nearly one in five (18%) female business leaders view funding as a significant obstacle to scaling their enterprises.

The initiative comes at a crucial time, as nearly half (47%) of female business leaders plan to expand their operations, either domestically or internationally, in the coming year. However, securing financial support remains the top challenge for one in ten of these entrepreneurs. Additionally, one in five (20%) women have delayed or cancelled their business plans due to difficulties in accessing finance.

The HSBC Women’s Business Growth Initiative aims to bridge the credit gap for women-led businesses, which is estimated at $1.7 trillion globally. Beyond funding, participants in the initiative will gain access to quarterly growth masterclasses hosted by senior leaders at HSBC, as well as networking events designed to connect them with other women-led businesses.

Stephanie Betant, Head of Global Trade Solutions and lead sponsor for women-led businesses at HSBC UK, stated, “Our new Women’s Business Growth Initiative seeks to tackle one of the biggest growth barriers for female business leaders: access to finance. Without sufficient credit lines, women are too often forced to sit on their innovative business ideas and growth plans, or cancel them completely.”

Betant added, “At HSBC UK, we want to drive meaningful change by using our financial expertise and global network to help women-led businesses realise their full potential, helping them to achieve growth and create a stronger economy.”

HSBC’s research, which surveyed 1,014 female business leaders, also highlighted that nearly one in four (23%) do not seek support from anyone, including family, friends, or colleagues, when facing challenges within their businesses. Recognising the need for broader support, HSBC UK will launch quarterly masterclasses covering key growth topics such as supply chain management, selecting international markets, and crafting business plans and forecasts.

The bank will also organise networking events to bring together businesses involved in the initiative, fostering a community of support and collaboration among women-led enterprises.

With this comprehensive approach, HSBC UK aims not only to provide financial backing but also to create a robust support network that empowers female entrepreneurs to thrive and contribute to a more dynamic economy.

Read more:
HSBC UK launches £250m growth fund to empower women-led businesses

0
FacebookTwitterGoogle +Pinterest
previous post
What a Chief AI Officer would unlock for your business
next post
Israeli Hadassah finally leaves Russia?

You may also like

Record number of UK businesses at risk of...

October 19, 2024

Carney sets his sights on leadership as Canada...

January 17, 2025

How important is trust to you as an...

July 3, 2024

The Future of Marketing: Integrating SMS and AI...

April 18, 2024

Top Companies Fined for Underpaying Workers Below Minimum...

February 21, 2024

More than half of UK EV drivers don’t...

December 16, 2022

Chancellor tells ministers to quicken adoption of AI...

June 19, 2023

Marketing strategies for live bingo: How to attract...

May 1, 2023

BGC survey forecasts £2.7 billion wagered each year...

May 1, 2025

Tory swing voters switch to Labour after Sunak’s...

October 2, 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

    • Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

      August 28, 2025
    • Trump asks SCOTUS to uphold freeze on billions in USAID payments

      August 27, 2025
    • Three Years of Sounding the Debt Alarm at Cato and on the Debt Dispatch

      August 27, 2025
    • Trump Administration Rightly Attacks EU Tech Regulations but Tariffs and Censorship at Home Harm Americans 

      August 27, 2025
    • White House demands all Gaza hostages return home ‘this week’ amid stalled talks

      August 27, 2025
    • Bankruptcy, Hell, and Exit Barriers

      August 27, 2025

    Categories

    • Business (8,897)
    • Investing (2,246)
    • Politics (16,502)
    • Stocks (3,228)
    • 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