FSB step up commitment to increase number of female entrepreneurs

The Federation of Small Businesses (FSB) has taken a further step in its commitment to supporting an increase in women in enterprise.

One of the first signatories of the Investing in Women Code, it represents an important commitment to supporting female entrepreneurship in the UK by improving women’s access to the advice, resources and finance needed to build a business, with many banks and venture capital firms signalling their support.

This comes after a recent FSB report revealed that women are increasingly becoming the job creators and growth drivers within enterprise. The report, ‘Supporting Women’s Enterprise in the UK: The Economic Case’, shows that women owned businesses now contribute a staggering £125bn to the UK economy (analysing data from 2012 – 2015).

Despite this, women still face a number of barriers to entrepreneurship, a significant one of which is access to finance.

Julie Lilley, Chief Executive at FSB, commented, “Developing and supporting women’s enterprise is critically important for the UK’s economic prosperity and, as an organisation we’re walking the talk on this. Increasing access to finance for women entrepreneurs is key. For FSB Business Banking to be one of the founding signatories of the Investing in Women Code is another step in the right direction.”

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