New Businesses: Females

Treasury written question – answered at on 28 October 2020.

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Photo of Baroness Mone Baroness Mone Conservative

To ask Her Majesty's Government, further to the COVID-19 pandemic, what actions and changes the Rose Review Board intends to recommend (1) to support, and (2) to increase the number of, female entrepreneurs.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

In response to the Alison Rose Review on Female Entrepreneurship, the government set its ambition to increase the number of female entrepreneurs by 600,000 by 2030. The government is working closely with industry to implement the recommendations of the Rose Review and will engage with further actions proposed by the Board.

HM Treasury launched the Investing in Women Code in 2019 to promote greater transparency in UK funding allocation, and the Code now has over 60 signatories from a wide range of financial institutions. Other actions include the industry-led Council for Investing in Female Entrepreneurs who coordinate industry action to increase investments in female-led firms and the work of industry partners launching new investment vehicles to encourage UK based institutional and private investors to further support and invest in female entrepreneurs.

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