A Government initiative to help female entrepreneurs access business finance has received support from several lenders and investors.
The Investing in Women Code is intended to help the development of women business people in the UK by making tools and resources more accessible.
Who is showing their support?
The initiative is recommended by the Government-commissioned Rose Review, led by NatWest CEO Alison Rose, with findings showing how best to boost female entrepreneurship.
The report focuses on several angel investment groups, venture capitalists and banks, who have shown a strong level of investment in women entrepreneurs and dedication to improving access to financial support.
The main findings show:
Is the code going global?
The code now has a partnership of 14 countries, including Australia, Canada and China, the World Bank and six regional development banks.
All mentioned are planning to draw on the UK’s experience to create a ‘Women Entrepreneurs Finance Code’, aiming to support the 400 million women-owned businesses across the globe.
Three priorities for the future have been agreed upon by the Government and the Investing in Women Code Partners, which include:
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