Business development Fred Heritage · 8 March 2016
Britain’s female entrepreneurs are younger, more numerous and more successful than ever
The proportion of female entrepreneurs in the UK has doubled in recent years, with nearly 60 per cent of millennial entrepreneurs those under the age of 35 female. To mark International Women’s Day 2016 on 8 March, the recently published results of HSBC private bank’s latest essence of enterprise report demonstrate that female entrepreneurs are increasingly more successful than their male counterparts also. Last year, the average business revenue generated by female entrepreneurs was roughly $4.1m, compared with $4m for men, the report found. Women in business were also likely to be more successful in terms of amassing personal wealth, with the most successful British female entrepreneurs? worth on average $5.2m compared with their male equivalents, who were worth $4.7m. HSBC private bank chief executive Chris Allen said that it was encouraging to see women match and even surpass men in terms of entrepreneurship and business success. The emergence of female entrepreneurship reflects how women are forging ahead with their passions and succeeding. this is a clear signal that gender diversity is changing amongst UK entrepreneurs, he added. HSBC surveyed 2, 834 entrepreneurs from around the world in the report, 501 of which were from the UK.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.