If you’re a woman considering launching a start-up business in the UK, you’ll be happy to hear that Britain has been named in the top ten best countries for female entrepreneurship. In the second annual Gender-Global Entrepreneurship and Development Index (GEDI) by computer technology company Dell, the UK came 7th out of 75 nations – incorporating both developing and developed countries. The top three places went to the United States, Australia and Sweden.
While the UK managed to improve its rankings from the last survey – a sign perhaps that conditions are moving in the right direction, the overall score of 52 out of 100 (compared to the US’s score of 83) signals there is plenty of room for improvement.
This research was gathered using the Gender-GEDI – the world’s first and only diagnostic tool designed to comprehensively measure high potential female entrepreneurship through analysing and then comparing entrepreneurial systems, business environments and individual aspirations.
Karen Quintos, Senior Vice President and Chief Marketing Officer at Dell, said: “We are committed to empowering people everywhere with technology solutions to fulfil their ambitions and reach their full potential.
“The Gender-GEDI Index provides key insights designed to help countries advance female entrepreneurship and ultimately bolster the global economy. We believe awareness of the current landscape for women entrepreneurship is the first step toward change.”
More needs to be done to encourage female entrepreneurs
Overall, the data revealed that 75% of the countries included were not meeting the most fundamental conditions required for female entrepreneurs to prosper. In some of the most poor-performing countries, women’s rights remained a major issue.
Problems that need to be addressed across the board include a lack of access to capital – whether this was not having a bank account (which was the case in 14 of the top 30 countries) or not receiving as much funding for their business as men. Male-dominated industries and a lack of women ‘at the top’ were also pointed out as issues.
What do you make of these results? Do you think the UK has the right conditions for female entrepreneurs to prosper?