The Code commits lenders and investors to collect and report data about their performance backing female-led firms. It also hopes to make the UK one of the most attractive countries in the world to start and grow a business by advancing female entrepreneurship.
Julie Kapsalis, Coast to Capital’s Chair, said: “I am thrilled that we are the first LEP to sign up to The Investing in Women Code. We are always pleased to champion female-owned businesses, and we hope that by becoming a signatory alongside more than 100 organisations, we will encourage more LEPs to commit to improving the outlook for female entrepreneurs across their own regions.
“Our region is a diverse one, in every sense – geographically, economically, socially, demographically. We see this as a major asset and look at how we can enable opportunity, access, and participation across everything we do at Coast to Capital.”
Coast to Capital’s Growth Hub provides fully funded advice, support, investment, and strategic leadership to help SMEs drive sustainable business success. During the pandemic, female-owned, Piglet’s Pantry, an award-winning food producer, received £17,000 in Coast to Capital Backing Business Grants towards an online sales platform.
The grant enabled the team to fund a new online site which saw sales increase from 2,500 to a peak of 14,000 a day. Jo Hunter, Owner and Managing Director, said: “The Coast to Capital grant enabled us to go from a standing start to an eCommerce business that may well even top a million pounds this year.”
For more information about The Investing in Women Code, click here.