The Prime Minister said a new female-focused investment fund will help the UK become the best place for women starting a business.
Rishi Sunak has set out plans to support female entrepreneurs, cut red tape for businesses, and boost apprenticeships.
Speaking at a business event in Coventry, Mr Sunak said: “Female founders receive just 2% of equity investment and that figure hasn’t budged in a decade. Barclays head of business banking Ms Bernard, who will co-chair the panel, said it will address the “significantly higher barriers” female entrepreneurs face to get their businesses the support and investment they need.Prime Minster Rishi Sunak visits the Manufacturing Technology Centre in Coventry
Ministers will also raise the amount of funding that companies who are paying the Government’s apprenticeship levy can pass on to other businesses. Alongside measures to streamline reporting requirements, the reform, expected to come into effect in the autumn, could save thousands of UK SMEs around £150 million per year, according to the Government.
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