Happy International Women’s Day! Today, we celebrate the incredible achievements of women in all aspects of life. We also reflect on the challenges that women continue to face and renew our commitment to gender equality.
As we look at the world of business, it’s clear that there’s been a lot of progress made in supporting female entrepreneurs in the UK. In fact, over 150,000 new all-women led companies were founded in 2022, which is more than ever before. It’s amazing to see so many women taking the leap into entrepreneurship despite difficult economic conditions.
However, it’s important to note that female entrepreneurs still face unique challenges and need more support. It’s not easy starting a business, especially with rising inflation, supply chain disruptions, and a tightened funding landscape. In fact, according to a 2022 YouGov survey, 80% of female entrepreneurs did not feel confident about economic growth in the coming year.
But here’s the thing: female entrepreneurs represent a huge economic potential for the UK. It’s estimated that £250 billion could be added to the UK economy if women matched men in starting and scaling businesses. That’s a significant opportunity that we can’t afford to miss.
At Coast to Capital, we’re committed to doing our part to support female founders in this challenging economic landscape. We’re proud signatories of The Investing in Women Code and have also announced our support for The Gender Index. These initiatives aim to collect and report data on the performance of lenders and investors in backing female-led firms and advancing female entrepreneurship.
We hope that by pledging our support alongside more than 100 other organisations, we’ll encourage more to commit to improving the outlook for female entrepreneurs. Because at the end of the day, everyone has the right to live a life free from discrimination and to pursue their dreams, no matter their gender.