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Women Entrepreneurs: the Northern Perspective
Read time: 10 mins Added date: 29/04/2024
Understanding the challenges faced by women-owned and led businesses
At a glance:
- There’s been positive momentum since our initial research two years ago. The number of respondents feeling their gender is a barrier to business has dropped (from 41% to 22%), while the proportion of women struggling to be taken seriously in their role has fallen from 34% to 27%.
- Many women feel that the lack of equal opportunity is holding back their personal growth, 30% highlight a lack of women role models, and more than a quarter said that rejoining the workforce after a period as a caregiver had held them back.
- There’s still more to be done. While we have a wealth of talented women entrepreneurs across the North, we need to confront the challenges and create new and exciting opportunities that will help drive growth and equity.
“Women entrepreneurs are making remarkable contributions in shaping the economic and social fabric of our communities, often building purpose-led businesses, and solving real world challenges. However, there is still a long way to go, and it is imperative that we recognise the barriers they face and work collectively across industry and society to dismantle them, creating an environment where every aspiring entrepreneur, regardless of gender, can thrive.”
Elyn Corfield, CEO Lloyds Bank, Business & Commercial Banking
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