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Women in enterprise need greater opportunity

A recent BIS report has identified that women entrepreneurs could play a bigger role in the UK economy, creating jobs and boosting growth as well as reducing gender inequality.

Women in Enterprise Champion, Lorely Burt MP published the ‘Inclusive Support for Women in Enterprise’ report in February, making a number of recommendations aimed at boosting the number of female entrepreneurs.

Although the number of female-run small and medium-sized businesses has increased, the report found that there is still more to be done to close the gender gap between men and women.

Recommendations included ensuring the Business is GREAT website is an inclusive place to go to for all the information and advice women entrepreneurs need, including better promotion of the My Business Support online tool to link to non-government sources of assistance including mentoring, networking, alternative finance.

The government will also be writing to the 39 Local Enterprise Partnerships to remind them of the importance of representing the communities they operate in, with more diverse boards and supporting all businesses in their area.

Read the report here

Business Secretary Vince Cable said:

“Reaching our target of 25% women on FTSE 100 boards by 2015 is now in sight. The government is committed to ensuring that talented women have the tools at hand whether it’s running a business on their own or heading up a corporate board. The evidence is clear - gender diversity delivers better business decisions which are vital to securing the future prosperity of the UK.”