Are you a female founder? You are not alone as 1 entrepreneur in 3 in the UK is currently a woman, a percentage which however signals a gender divide.
To close such a gap HM Treasury, the British government department responsible for developing and executing the government’s public finance policy and economic policy, launched The Investing in Women Code.
What’s that about?
The initiative aims to support the advancement of female entrepreneurship in the United Kingdom by improving female entrepreneurs’ access to tools, resources and finance from the financial services sector.
Moreover, the code commits organisations to promoting female entrepreneurship by having a nominated member of the senior leadership team who will be responsible for supporting equality in access to finance, increasing the transparency of financial services firms’ data concerning support for female entrepreneurs, and adopting internal practices to improve the outlook for female entrepreneurs.
Founding signatories include the likes of Royal Bank of Scotland, NatWest, Lloyds Banking Group, Barclays Bank UK plc, Santander, TSB, Metro Bank, The Co-operative Bank, Bank of Ireland, UK Business Angels Association, and British Business Bank. However, HM Treasury welcomes interest in the Investing in Women Code from all organisations of any type and size.
Trade bodies will be working closely with their members in the coming months to establish a collectively agreed set of metrics that are comparable across organisations and useful for understanding the landscape of female entrepreneurship financing, and bringing together their members to establish and promote good practices to enable female entrepreneurs to successfully access the tools, resources, investment and finance they need to build and grow their businesses.
Finding out more
If you would like more information or would like to speak to the team about the Code, please contact: email@example.com.