Growth in number of female entrepreneurs slows to standstill

Female business founders are being hit by the business downturn according to an article in The Daily Telegraph newspaper citing a recent government survey. Just 14pc of small and medium-sized firms are women-led, the same as in 2007, the authoritative government survey of 4,500 businesses found.

While 21pc of start-ups last year involved female founders, the proportion fell to 13pc for small firms employing more than 10 people and only 8pc of all medium-sized companies – which is bad news from the Wanobe.com perspective.

The findings come as the Business Department considers the future funding of many of its female business support initiatives, including the £12.5m Aspire Fund, a venture fund for women-led businesses.

The fund was set up in 2008 to invest between £100,000 and £1m in businesses with women in senior management roles and has so far backed six companies.

You can read the rest of the article by Richard Tyler in The Telegraph here.

About the Aspire Fund

– Aspire is a risk capital fund which invests in businesses led by women.

– It encourages female entrepreneurs with viable business propositions to seek risk capital finance.

– Aspire is a public fund that works with private sector co-investment. It invests on the same commercial terms as a private sector investor and is managed by Capital for Enterprise Ltd.

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