Posted: Tue 25th Sep 2018
With women making up only one third of all entrepreneurs in the UK, the government has launched a review to uncover what's holding back more females from starting a business.
Women are half as likely as men to be involved in setting up a business which has led to just one in five small and medium-sized employers being run by women. This creates a significant pool of untapped entrepreneurial potential.
In an effort to break down the barriers, Alison Rose, chief executive of RBS Commercial and Private Banking, will lead the government review.
It will consider:
the drivers of the disparity in male and female entrepreneurship
actions that could reduce barriers to female engagement in entrepreneurship
any disparities between female-led and male-led firms seeking and receiving external finance
examples of best-practice that investors and financial services firms seeking to avoid gender-bias in their investment decisions could adopt
"If we want to strengthen the UK's position as one of the best places in the world to start and grow a business, then no-one can be left behind," Rose said.
"Unfortunately, statistics show that women make up only a third of all entrepreneurs in the UK. To better drive the UK's economy, we need to understand, and tackle, the barriers and reasons as to why this is. More can be done to support women in enterprise."
But challenges remain.
This is an important review and we will be submitting evidence. We'd love to included the views of Enterprise Nation members.
To tell us your thoughts and experiences, comment below or email email@example.com.