Page 16 - BPW-UK - E-news - Edition 110 - March 2023_Neat

Female entrepreneurs founded over 150,000 businesses in 2022

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London, 22 February – A record 151,603 businesses were founded by female
entrepreneurs in 2022, according to the latest review by Alison Rose, NatWest
Group Chief Executive.
Despite economic uncertainty, the number of women founding businesses jumped
up from 145,271 in 2021, and was over double the number of female-led start-ups
in 2018, setting a new high for female entrepreneurs.

The review also found growth in the number of female-led businesses during 2022,
rising 16 per cent.

Sheila Flavell CBE, Chief Operating Officer for FDM Group, commented:

“It is brilliant to see the increasing number of female entrepreneurs launching busi-
nesses in the UK and this continued rise will be at the centre of growing the business
economy. The increase over the past year serves as a clear example for how further
investment into female leaders can empower a more inclusive scope of businesses.”

“The gender gap in business won’t be solved instantly, but continued progress is es-
sential to creating a diverse and equal workplace. It is in the best interest of the UK
to invest in female-led start-ups to boost the economy, tapping into female entre-
preneurship which provides inspirational leaders for under-represented groups and
future generations. The hope is that these numbers continue to rise significantly for
2023’s review.”
The Rose Review provides an annual barometer of the disparity between female and
male entrepreneurs, first commissioned in 2019 by HM Treasury based on a survey
of business leaders, investors and academics.

In response to the first review in 2019, the government holds the aim of increasing
the number of women launching companies by half by 2030, rising to nearly
600,000 female entrepreneurs.

Courtesy of Jill Turner