Menu
16/11/2005
Women key to boosting entrepreneurship
The benefits of getting more women to take up entrepreneurship are clear according to DTI Minister for Women and Equality, Meg Munn.
At the moment, women-owned businesses contribute about £70 billion to Gross Value Added, about 25% of the UK total, mainly from the growing service sector. Nearly a million women are self-employed today in the UK. Despite this, only 26% of the total self-employed are women.
Speaking at the Everywomen Conference on Women's Enterprise Day, Meg Munn said: "The potential for the development of women entrepreneurs is huge and largely untapped. If we had the same rate of female owned start-ups as in the USA, we would have 750,000 more businesses; this would have a major impact on productivity, employment and prosperity.
"However, it is pleasing that progress has been made in another area of entrepreneurship - according to recent SBS survey figures, the percentage of all small businesses that are majority-led by women now stands at 19 per cent, although we await the 2005 survey figures to see whether the figure continues to stand as high as that."
The Women's Enterprise Panel (WEP) was established in October 2004. They have been working on an Action Plan for accelerating the development of women's enterprise. Progress has been made on a number of fronts, including: working with representatives of the banks to help break down access to finance barriers experienced by some women; and working with Regional Development Agencies to ensure women have access to female-friendly support from the pre start-up stage onwards.
RDAs report that there have been large increases in female entrepreneurial activity in some regions - the East of England, the North East, North West, Scotland and the South West have doubled their female entrepreneurship rates in the last two years.
There are also positive developments in levels of female graduate entrepreneurship - female students are more likely to be engaged in entrepreneurial activity than male students (2.6% of female students compared to 1.6% of male students).
During her speech the Minister highlighted government action to challenge under-representation of women in particular sectors, such as Science, Engineering and Technology.
The UK Resource Centre for Women has received something approaching £7 million of government funding to work with employers and professional organisations to raise the profile of women through a range of initiatives. These include a resource centre website and helpline, providing a wealth of information and advice to girls and women considering science, engineering and technology careers.
As part of Women's Enterprise Day Meg Munn will also be attending the Let's Talk Business Event, an event hosted by the National Black Women's Network. The event aims to empower, connect and provide new skills to black women in business and enhance their chances of success in the commercial environment.
For information on Women's Enterprise Day visit http://www.starttalkingideas.org/enterpriseweek
(SP)
At the moment, women-owned businesses contribute about £70 billion to Gross Value Added, about 25% of the UK total, mainly from the growing service sector. Nearly a million women are self-employed today in the UK. Despite this, only 26% of the total self-employed are women.
Speaking at the Everywomen Conference on Women's Enterprise Day, Meg Munn said: "The potential for the development of women entrepreneurs is huge and largely untapped. If we had the same rate of female owned start-ups as in the USA, we would have 750,000 more businesses; this would have a major impact on productivity, employment and prosperity.
"However, it is pleasing that progress has been made in another area of entrepreneurship - according to recent SBS survey figures, the percentage of all small businesses that are majority-led by women now stands at 19 per cent, although we await the 2005 survey figures to see whether the figure continues to stand as high as that."
The Women's Enterprise Panel (WEP) was established in October 2004. They have been working on an Action Plan for accelerating the development of women's enterprise. Progress has been made on a number of fronts, including: working with representatives of the banks to help break down access to finance barriers experienced by some women; and working with Regional Development Agencies to ensure women have access to female-friendly support from the pre start-up stage onwards.
RDAs report that there have been large increases in female entrepreneurial activity in some regions - the East of England, the North East, North West, Scotland and the South West have doubled their female entrepreneurship rates in the last two years.
There are also positive developments in levels of female graduate entrepreneurship - female students are more likely to be engaged in entrepreneurial activity than male students (2.6% of female students compared to 1.6% of male students).
During her speech the Minister highlighted government action to challenge under-representation of women in particular sectors, such as Science, Engineering and Technology.
The UK Resource Centre for Women has received something approaching £7 million of government funding to work with employers and professional organisations to raise the profile of women through a range of initiatives. These include a resource centre website and helpline, providing a wealth of information and advice to girls and women considering science, engineering and technology careers.
As part of Women's Enterprise Day Meg Munn will also be attending the Let's Talk Business Event, an event hosted by the National Black Women's Network. The event aims to empower, connect and provide new skills to black women in business and enhance their chances of success in the commercial environment.
For information on Women's Enterprise Day visit http://www.starttalkingideas.org/enterpriseweek
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
11 November 2003
Record number of women on FTSE boards
The number of female directorships in the FTSE 100 has topped 100 for the first time, according to new research.
Record number of women on FTSE boards
The number of female directorships in the FTSE 100 has topped 100 for the first time, according to new research.
27 August 2013
Enterprise Ireland Launches Competitive Feasibility Fund
The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, has announced the establishment by Enterprise Ireland of a new €250,000 Competitive Feasibility Fund for Female Entrepreneurs.
Enterprise Ireland Launches Competitive Feasibility Fund
The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, has announced the establishment by Enterprise Ireland of a new €250,000 Competitive Feasibility Fund for Female Entrepreneurs.
10 July 2012
€250k Fund Announced To Stimulate Business Start-Ups By Female Entrpreneurs
The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, today announced the establishment by Enterprise Ireland of a €250K Competitive Feasibility Fund aimed at stimulating high potential business start-ups by female entrepreneurs. The fund will be open for applications from Tuesday 17th of July 2012 until 4th of September 2012.
€250k Fund Announced To Stimulate Business Start-Ups By Female Entrpreneurs
The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, today announced the establishment by Enterprise Ireland of a €250K Competitive Feasibility Fund aimed at stimulating high potential business start-ups by female entrepreneurs. The fund will be open for applications from Tuesday 17th of July 2012 until 4th of September 2012.
31 August 2011
Women Still Falling Behind In Salary League
Equal pay between the genders in NI is in focus today with a leading businesswoman, Roseann Kelly of Women in Business NI commenting on the figures suggesting that there is still a significant gender pay gap. "Unfortunately the existence of a gender pay gap is not a shock to Women in Business NI.
Women Still Falling Behind In Salary League
Equal pay between the genders in NI is in focus today with a leading businesswoman, Roseann Kelly of Women in Business NI commenting on the figures suggesting that there is still a significant gender pay gap. "Unfortunately the existence of a gender pay gap is not a shock to Women in Business NI.
03 June 2019
Women In Business Bootcamps Underway
Women across Northern Ireland who are hoping to break into the business community are set to benefit from a serious of 'Imagine It' workshops.
Women In Business Bootcamps Underway
Women across Northern Ireland who are hoping to break into the business community are set to benefit from a serious of 'Imagine It' workshops.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
