Survey results from the Government’s Business is GREAT Britain campaign suggest female leaders in the SME sector are really pushing for growth this year. There are almost a million female-led small businesses in UK and around two thirds of the enterprising women behind these ventures said they had ambitious goals for 2015.
This growth confidence is great news for UK employment forecasts, with 14% citing recruiting as the main priority. Based on this new research, small firms with women at the helm could create in the region of 140,000 new jobs.
Encouraging female entrepreneurs to excel has been a major Government aim for driving economic growth. This included bringing inspiring role models on board such as businesswoman and TV personality Karren Brady who was recently announced as a champion for small businesses.
Supporting women-led small businesses in the year ahead
Nicky Morgan, Minister for Women and Equalities, said: “We are helping more women than ever before to start or develop their own business. We know that there are more women with great entrepreneurial ideas that need support to make their ambitions a reality.
“It’s my goal for 2015 is to ensure a record number of female entrepreneurs are championed by Government and that they receive all the help they need to start or develop their businesses.”
The Government has established the Women in Enterprise hub providing advice and information on aspects of business including funding, mentoring schemes and flexible working options.
Jo Swinson, Minister for Women and Equalities and Minister for Employment Relations and Consumer Affairs, said: “Supporting women entrepreneurs is vital if we are to build both a stronger economy and a fairer society.
“There are more women-led businesses in the UK than ever before, and we know that if women were setting up and running new businesses at the same rate as men, our economy could benefit from 1 million more entrepreneurs.”