The in-balance preventing women from accessing finance needs changing

The 2017 annual report for the Women’s Business Council celebrated what it described as making “significant ground in engaging with female entrepreneurs”.

The WBC was first launched in 2012 to support women in the workplace, both employed and self-employed.

The council report that there are roughly 1.2 million women led SME’s in the UK, contributing £115 bn to the economy.

The report says that there has been an increase in the rise of women in self-employment. However, this is somewhat less exciting when remembering that there has been an increase in self-employment overall.

The council give a figure of 5.6 per cent of women involved in starting and or running a new business – half the proportion of men involved in enterprise. Celebration therefore seems a little premature

This is where it shows just how much work there is still to be done, and how much women need to campaign, not just on this International Women’s Day but every day , for more to be done to support women starting businesses.

Another report, conducted by Not on the High Street in collaboration with Oxford Economics, found that female business owners were still two and a half times more likely than men to say that confidence is a major hurdle to overcome when starting a business.

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