Despite a rise in female led and female owned businesses, in recent years, there is still only a small percentage of female owned businesses. One of the reasons that we are such a small minority is down to financing.
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Female entrepreneurs continue to face significant challenges when it comes to accessing finance and networking opportunities. It would seem that it is still very much a mans world with only 1 in 3 UK entrepreneurs being female. [https://www.linkedin.com/pulse/female-led-business-owners-still-facing-inequality-1e]
Female-led and female owned businesses are still seen as high-risk when it comes to financing and this lack of funding support can be a huge barrier for many female entrepreneurs. In fact, studies show that 35% of women seeking funding have encountered gender bias. [https://www.linkedin.com/pulse/female-led-business-owners-still-facing-inequality-1e]
It has also been shown that female entrepreneurs receive an average of 5% less funding than their fellow male entrepreneurs. [https://wearethecity.com/one-in-three-female-entrepreneurs-still-face-gender-bias/?trk=article-ssr-frontend-pulse_little-text-block]
All of these attribute to leaving women entrepreneurs at a disadvantage when it comes to growing or starting a business and resulting in women-owned businesses only being a small minority in the UK.
If you are a female entrepreneur who has struggled, then I would love to hear your story!
Much Love
Jo
