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Female Entrepreneurs Contribute £130 billion to UK Economy

According to a survey conducted by the Women’s Enterprise Task Force (WETF), businesses run by women contribute £130 billion annually to the UK economy: an amazing feat considering that women are only half as likely as men to set up a business to begin with.

Overall, male entrepreneurs drastically outnumber female entrepreneurs, which make up only 13.6% of the demographic. Female-owned businesses are also more likely to be in sectors that are more vulnerable in recession.

The study also seems to show Government-bias in favour of male-owned businesses. While 16% of businesses are female-owned, only 3% are awarded public sector contracts.

Despite the difficulties posed by the recession and possibly gender, the survey showed that women who own growth-orientated enterprises are generally optimistic about the sustainability of their business and their capacity for drawing in new custom. The study also showed that expanding female-owned businesses have succeeded in producing similar rates of growth to their male counterparts.

For more information about the survey visit:  www.womensenterprisetaskforce.co.uk/wetf_recession_research.html

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About Alexa Vargas

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2 comments

  1. Alex, is there a link for this survey?

  2. Thanks Sarah. I’ve just added one!

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