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Women Entrepreneurs Inspire Business Start-Ups
Plans are afoot to recruit 1000 female entrepreneurs to help inspire more women to start their own businesses. Industry and Regions Minister Margaret Hodge announced the plan last week, saying “We can't afford not to do this. There would be three quarters of a million more businesses in the UK if we matched US levels of female entrepreneurship.”
Margaret Hodge was speaking at a conference on women's enterprise organised by Prowess. The new Task Force for Women’s Enterprise will provide a national network of women to help and inspire others to take that first step into working for themselves. The network of 1000 entrepreneurial women will be recruited by the Regional Development Agencies (RDAs) advised by Enterprise Insight, with each RDA recruiting over 100 entrepreneurs. The group will focus on specific stages of women's lives: younger women, women who have just had children and are taking stock of their future work plans, and women whose children may now have left home. Speaking at the Prowess conference, Margaret Hodge said: "Successful women throughout the country can and must mentor and inspire many more women to think: 'yes I can do that' and take the confident plunge to start their own business. This will lead to a new women's movement that will push back gender barriers and give women the confidence and support they need to start a business." Enterprise Insight CEO Kevin Steele says they have already recruited 30 entrepreneurs for the network and added: “"We are looking forward to working with the RDAs to advise on their recruitment of this country-wide network of inspirational business women. These ambassadors for women's enterprise will help generate more self-belief among women to start a business, and provide the culture change needed to boost the rates of entrepreneurship in the UK." A new women’s support programme is also planned for women who have graduated from a UK university within the past 10 years and are thinking about launching an enterprise. The programme will assist women graduates to turn their business ideas into reality, with sustained support provided over a twelve-month period. Did you know?... • If the UK had the same rates of female entrepreneurship as the US we could have around three quarters of a million more businesses • With more women involved in the economy UK productivity could be boosted by up to £23 billion, worth 2 per cent of GDP • Women-owned businesses contribute about £60 billion to the economy • If women started businesses at the same rate as men, the UK would see 150,000 more businesses per annum www.businessinberkshire.co.uk/womeninbusiness
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