One of the key discussion topics we will feature in the new magazine Dynamic, will be the findings and proposals from The Rose Review.
Alison Rose, Deputy CEO of NatWest Holdings and CEO, Commercial & Private Banking, was commissioned by HM Treasury to undertake an independent review into female entrepreneurship.
The Rose Review found that only one in three entrepreneurs are women, a gender gap equivalent to over 1 million fewer female entrepreneurs in the UK. Closing the gap between women and men could add an additional £250 billion in Gross Value Add to the UK economy, equivalent to 4 years of economic growth.
Crucially women are also drastically under represented in the most productive sectors with less than one in four entrepreneurs in sectors like transport and information technology being women.
Alison Rose said:
“The UK has one of the most vibrant entrepreneurial communities in the world, but only one in three of our entrepreneurs is female - we need to be more ambitious and find ways to unlock the huge untapped potential.
"The launch of the Rose Review of Female Entrepreneurship provides the routes for how we, business, public sector and Government, can achieve this together.
"It is imperative that we support female entrepreneurs and capitalise on the missed opportunity which is significant, equating to more than 1 million missing businesses and £250 billion for the UK economy.
"I am passionate about this cause, and was proud to have been asked to lead this Review. Some of the findings are stark but by shining a spotlight on the issues and outlining the barriers and opportunities, the aim is to support the full potential of every woman who has the entrepreneurial spirit and ambition to start or scale their business.”
The review had the full support of the government:
Prime Minister, Theresa May said:
“I want to build a country where all women can go as far as their talents and hard work can take them. It’s fantastic that we already have over a million women-led businesses, and the gender pay gap is at a record low, but the findings in this Review show there is much further to go.
"Alison and her team set out an ambitious path to smash this glass ceiling so that we can realise the full potential of female entrepreneurs and boost economic growth. I am committed to real change in this area, starting with our action today to encourage more companies to look at the gender split of who they choose to invest in.”
Look out for indepth reviews of the Rose Report on this site and in the magazine, as well as an interview with Alison Rose...