Government review to address lack of women entrepreneurs

The Treasury has launched a review into the relative lack of women entrepreneurs.

The Government suggests “unfair obstacles” may be stopping women from starting and growing their own companies. It said women were half as likely as men to start their own business, and only a fifth of smaller firms were led by females, something which had created a “significant pool” of untapped potential.

Alison Rose, head of RBS commercial and private banking, has been asked to lead the review. She said: “Unfortunately, statistics show that women make up only a third of all entrepreneurs in the UK.

“To better drive the UK’s economy, we need to understand, and tackle, the barriers and reasons as to why this is.”

Last year only 19% of SME employers were majority-led by women – defined as controlled by a single woman or having a management team of which a majority were women.

Robert Jenrick, Exchequer Secretary to the Treasury, said Britain could be missing out on more than one million new enterprises and billions of pounds of economic activity by not addressing the issues.

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