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British Business Bank gov.uk

Report shows progress in boosting investment in UK's women entrepreneurs

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The latest annual report on the Investing in Women Code is published today.

Cover of the 'Investing in Women Code: Annual Report 2022'

  • 160 lenders and investors are now signed up to a government-industry code helping women entrepreneurs access the finance they need to succeed
  • code signatories have been backing women-led businesses, including significantly more venture capital deals in firms with female founders
  • government encourages even more lenders and investors to sign up to the code to further support women-led businesses

    • A new report published today (Tuesday 28 June) reveals the strength of investment in the UK’s women entrepreneurs by lenders and investors signed up to the Investing in Women Code, a world-leading commitment to improve access to finance for women-led businesses.

    The Investing in Women Code is an initiative recommended by the government-commissioned Rose Review, led by NatWest CEO Alison Rose, into how best to boost female entrepreneurship. The code sets out commitments to support the advancement of women entrepreneurs in the United Kingdom by improving their access to the tools, resources and finance they need to achieve their goals.

    Signatories to the code include Angel investment groups, venture and growth investors and High Street banks including Barclays, NatWest and Santander.

    The report is the second-ever annual report on the code and key findings include:

  • in 2021, 34% of venture capital deals made by code signatories were in companies with at least one female founder, compared to an industry average of 24%
  • in 2021, the average amount of Angel (early-stage) investment being sought by all-female teams (£791k) was very similar to all-male teams (£823k). This is a significant and encouraging change from 2020, when all-female teams requested less than 50% of the amounts requested by male-only teams

    • This is an extract. The publication continues at the source.

    Read the original at the source: https://www.gov.uk/government/news/report-shows-progress-in-boosting-investment-in-uks-women-entrepreneurs

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