Challenges and opportunities for growth and sustainability (COGS): a focus on women in the UK and Europe: executive summary: summary

Challenges and opportunities for growth and sustainability (COGS): a focus on women in the UK and Europe: executive summary: summary
Document type
Summary
Corporate author(s)
Delta Economics
Publisher
Delta Economics
Date of publication
1 March 2011
Subject(s)
Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship, Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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This is the executive summary of Delta Economics' report 'Challenges and opportunities for growth and sustainability: : a focus on women in the UK and Europe', arguing that there is a huge amount of growth potential in women's businesses that is currently untapped. Delta Economics surveyed 1500 growth oriented entrepreneurs across the UK and Europe between October 2010 and January 2011 (turnovers above £250k or equivalent after 2 years). These entrepreneurs ran businesses that are older than two years or younger than 10 years. Six countries were included in the study: UK, Germany, France, Italy, Netherlands and Spain. Key findings of the report:

  • The proportion of women who found and are still managing their growth-oriented businesses in Europe and the UK is roughly the same at around 16%.
  • Women as a whole in Europe have annual turnovers that are nearly twice those of the UK and they employ nearly twice the number of people.
  • There appears to be a bigger problem with women accessing finance in the UK.
    There is no reason why UK women should be having these difficulties. 
  • Nearly a third of them say their business has grown faster than they expected, despite the downturn (compared to 20% of men).
  • UK women are more likely to use all forms of business support, whether public or private sector or informal in origin than UK men or European men and women.

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