Alison Rose Review into Female Entrepreneurship
The single biggest issue holding female entrepreneurs back is the lack of funding directed towards them. Indeed, according to the Alison Rose Review into Female Entrepreneurship, female-led businesses receive less funding than those headed by men at every stage of their journey. Women entrepreneurs receive less than 1% of venture capital and on average have starting capital that is 50% below men. This remains the single biggest opportunity and number one barrier that needs to be addressed for the UK economy to reach the £250 billion prize that is the reward for closing the gap between male and female entrepreneurs.
NatWest wants to be known as the best bank for business and the best bank for female entrepreneurs. And progress is being made, targeted interventions like the Investing in Women Code which launched in July are making a difference. To have Elite signing the Code today, is testament to the commitment from across the entire industry to make a difference.
Alison Rose, CEO Commercial and Private Banking NatWest commented:
“Our ambition announced by the Government, following the review into Female Entrepreneurship that I conducted on their behalf, is to increase the number of female entrepreneurs by 50%. This would create another 600,000 female entrepreneurs by 2030 and I would hope that many of those businesses will access the deep pool of capital a listing here on the LSE provides.”