Lorely Burt appointed to champion female entrepreneurs

According to Lorely Burt, the Government's newly appointed "women in enterprise" champion, female entrepreneurs are a “neglected niche”. The Liberal Democrat MP, will be helping female business owners understand how they can get help and support for both start-ups and growth companies.

Female-led businesses make up 18 percent of SMEs in the UK, compared with 30 percent in the US. “The UK is missing a really important niche market and its a huge loss to the economy,” said Mrs Burt.

"The perception is that this is a sector of kitchen table start-ups by mothers but it is far bigger and broader than that," she adds.
“There are a lot of feisty women out there who want to take their businesses as far and fast as they can. There are many additional challenges for these women, who get home after working on their business and put the tea on.”

The voluntary role, proposed by Mrs Burt, intends to raise awareness among women about available government and industry support.

“Until now we have found that the majority of funding comes from within the family,” Mrs Burt added.Enterprising women looking for finance often underestimate the amount their projects deserve or need. Therefore the banks also have a role in elevating these business ventures.

Mrs Burt's role will also see her encouraging women to compete for public sector contracts. Her findings, which will inform policy, will be announced in the autumn. “My job will be to investigate the true picture of women’s enterprise in Britain and how government can encourage existing and would-be entrepreneurs to reach their full potential,” she said.
Females in self-employment has grown four times faster than male self-employment over the past six years, with 29 percent more women now working for themselves. The growth in self-employed men was only 7 percent over the same period.

Reft: http://www.enterprising-women.org/

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