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Encouraging more enterprising women

Tuesday, March 23, 2010

The newly established Women and Enterprise Group of parliamentarians held an event recently in Westminster. They invited Vicky Pryce, Director-General at the Department for Business, Innovation and Skills and Joint Head, UK Government Economic Service to address the group.


Meg Munn MP, Vice-Chair, has for a long time promoted policies that help and encourage women to become more entrepreneurial in the business world. Women currently make up 51% of the UK population and 47% of those active in the labour market, but are under represented in enterprise and offer a wealth of untapped talent and economic opportunity.


Just 15% of UK business stock is owned by women and around a million women are self-employed. Men are still almost twice as likely to start businesses as women, and the gap is wider still for young women. If the UK matched US levels of female entrepreneurship, there would be 900,000 more businesses in the UK.


Following the speech by Vicky Pryce the discussion was wide-ranging and touched on: the need for role models for women in business, banks and access to finance, strategic planning and targeted research. The new parliamentary group plans to promote policy which supports women in enterprise and raise the profile of the issues associated with encouraging/enabling access for women in enterprise.


The Association of Chartered Certified Accountants, (ACCA) the largest and fastest-growing international professional accountancy body acts as the secretariat to the Group.


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