Finance · 9 December 2015

FSB calls for action to level playing field for female entrepreneurs

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One in five small businesses are now majority-led by women, but the FSB wants to see the government do more to support female entrepreneurs
A delegation of female UK entrepreneurs from the Federation of Small Businesses (FSB) has encouraged the government to do more to clear the way for women starting out in business.

At a meeting at 10 Downing Street with senior advisors to prime minister David Cameron, FSB delegates from across the UK outlined a need for a wider range of female small business role models and mentors, and encouraged the government to make it easier for women to access alternative finance and tailored business support for challenges faced specifically by women.

Following the meeting on 8 December, diversity portfolio chair for the FSB, Helen Walbey, said: Women-led small businesses already contribute over 75bn to the UK economy. If women were to set up businesses and growing them at the same rate as men, we would see a huge boost to growth and prosperity in this country.

it’s important that every government department, public agency, local authority and LEP understands what needs to be done to boost female entrepreneurship, from helping them to bid for contracts to tailored business support, she added.

One in five small businesses in the UK are now majority women-led, and recent FSB research has shown that an increasing number of small firms in the retail, hotels, catering and leisure industries have been established primarily by women.


 
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ABOUT THE EXPERT

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.

HR