SUPPORTING FEMALE ENTREPRENEURS
How we’re helping high-growth businesses run by women
In a nutshell
A female entrepreneurship review commissioned by HM Treasury and led by Alison Rose, identified challenges faced by women trying to grow a business.
In response, the UK Enterprise Fund (UKEF), which we established with BGF (formerly the Business Growth Fund), gives women better access to capital, help preparing for investment, and networking opportunities.
how we could help
The many ways the UKEF helps female entrepreneurs include:
DIRECT FINANCIAL SUPPORT
The Fund will take a direct, minority stake in exceptional businesses that meet its criteria. While it won’t invest with a gender bias, it gives entrepreneurs access to more of the long-term, flexible funding they need whilst ensuring they retain control.
INVESTMENT OPPORTUNITIES
The UKEF aims to increase the number of fast-growing firms run by women that are backed by BGF and benefit from access to capital.
INVALUABLE CONTACTS
Coutts is working with BGF to recruit more leading female executives and entrepreneurs into a 6000-strong ‘Talent Network’ of people with specialist skills, experience and connections.
FUNDING WORKSHOPS
Coutts and BGF are hosting sessions to help businesses become ‘investment ready’. They cover the types of funding available, how to build great teams and what investors are looking for.
A huge opportunity for the uk
In 2019, the Rose Review highlighted the stark disparity between female and male entrepreneurs, and the unrealised potential it represents for the UK economy.
Key findings included:
- women receive less than 1% of venture capital and have an average starting capital 50% lower than men
- they are less aware of funding options than men, which presents a huge opportunity
- over 1,100 new businesses launch in Britain each day, but only one in three of the entrepreneurs involved is female
- businesses led by women are typically only 44% the size of male-led businesses, and five times less likely to scale up
- female entrepreneurs are under-represented in transport and information technology, two of the most productive sectors of the UK economy
FIND OUT MORE ABOUT THE ROSE REVIEW
SPREADING THE WORD
While the Fund will not seek to invest in solely female-led businesses as an objective, one of its key aims is to provide tangible support to overcome barriers to female entrepreneurship.
This support includes:
- a push to increase the number of businesses it meets led by women – NatWest is raising awareness among its 47,000 corporate and commercial customers
- promoting best practice across investing – BGF has signed up to the Investing in Women Code, a set of government principles that show a clear commitment to supporting female entrepreneurship (NatWest Group is a founding member)
SUPPORTING DIVERSITY
BGF, the UK’s leading investor in female-led businesses, is committed to supporting diversity more broadly within investing, which complements the UK Enterprise Fund’s push to support women.
Other initiatives BGF is involved in include:
- the Diversity Project, a cross-country scheme to promote inclusive cultures within the investment and savings professions
- the Diversity VC Standards, which enable venture capitalists to open their networks to under-represented founders
- supporting high-performing businesses with diverse management teams – backing at least 11 companies with black, Asian and minority ethnic (BAME) founders or CEOs
Contact the team by emailing: ukenterprisefund@coutts.com
If you’re looking to invest through the fund, contact the team by emailing UKEnterpriseFund@coutts.com.
This information is intended, and is only appropriate, for financially-experienced, high net worth individuals who:
- are capable of electing to be a Professional Client (as described in the FCA rules)
- are comfortable with higher-risk investments
- understand the nature and risks associated with the type of investment described herein
- conduct their own due diligence and analysis
When investing, the value of your investments, and the income you receive from them, can go down as well as up and you may not get back as much as you invested.
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