Female entrepreneurs – breaking down the barriers

How is the finance sector supporting female entrepreneurs? What’s the focus of spHERe?

The Rose Review progress report 2023 revealed that, despite a challenging economic environment, female founders built more new businesses last year than ever before.

The report, which used data insight and tracking to build on the inaugural Rose Review findings of 2019, found that women-led companies had responded to higher inflation and macroeconomic uncertainty with ‘innovation and entrepreneurialism’.

In 2022, women in the UK established over 150,000 new companies – more than twice as many as in 2018. The report also revealed that 16 to 25 year old women founded nearly 17,500 businesses in 2022, a figure that is more than 22 times greater than in 2018. All-female-led companies represented 20 per cent of all businesses in the UK in 2022, up from 16% in 2018.

The Rose Review pledged to continue providing vital support and access for female entrepreneurs to unlock the £250 billion of new value that could be added to the UK economy if women started and scaled new businesses at the same rate as men.

The Rose Review is working to make investment easier to access for female entrepreneurs.”

The group also aims to increase the number of female venture capital partners and female representation on investment committees.”


This information is for general information purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. Please contact us for specific advice on your circumstances. © Shoosmiths LLP 2024.



Read other articles from issue five or you can explore our full insights library.