Business: Sefton Central

Department for Business, Energy and Industrial Strategy written question – answered on 23rd November 2022.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the number and proportion of businesses that are owned by women in Sefton Central constituency.

Photo of Kevin Hollinrake Kevin Hollinrake Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

In the UK in 2021, 19% of SMEs with employees (a three-percentage point increase on 2020) and 20% of firms with no employees (21% in 2020) were female-led. The Government does not hold regional information on the proportion of female-led businesses.

The Start-Up Loans Company provides funding and intensive support to new entrepreneurs. Since 2012 the Start-Up Loans programme has delivered over almost 99,000 loans with an aggregate value of more than £922m (average loan size of £9,338), as of October 2022. And since 2012 40% of Start Up Loans have gone to women, worth over £341m (October 2022).

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