The task force on Women-Led High-Growth Enterprises aims to support women entrepreneurs, tackle investing barriers, and increase the number of women-led fast-growing businesses.
Launching today, the taskforce will use its convening power to influence high growth investors, the wider business community, and to raise the aspirations of the next generation of female entrepreneurs, especially looking to encourage women based outside of the capital.
Only 1 in 3 UK entrepreneurs is a woman – a gender gap equivalent to 1.1 million missing businesses, and male-led SMEs are five times more likely to scale up to £1 million turnover than female-led SMEs.
The Chair, Anne Boden, and its members will use their combined expertise and connections to work collaboratively with organisations across the UK to support the UK Government’s overall target of increasing the number of female entrepreneurs by half by 2030 (equivalent to nearly 600,000 female entrepreneurs) with a particular focus on driving change in the area of growth capital.
The task force will build on the work of the Rose Review, which found that breaking down the barriers for women entrepreneurs could boost the economy by £250bn. While there is encouraging evidence of a pipeline of innovative women-led start-ups, more help is needed in supporting women in high-growth businesses.