Productivity challenge for women in enterprise
By Sue Mennell (06-03-2008)
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The 2006/7 Annual Small Business Survey from the Department for Business, Enterprise and Regulatory Reform (BERR) reveals that only 14 per cent of small businesses are led by women. Greater numbers of women leaders starting up SMEs would mean more UK businesses and an overall rise in productivity.
British businesses are making steady progress. There was 16 per cent increase in the proportion of SMEs creating products or services to 48 per cent and 65 per cent of small businesses want to grow next year.
Explaining why the lack of women leaders in SMEs is a serious impediment, Business Minister Shriti Vadera said: “Getting more women into business is a challenge, not just for gender equality, but for national economic success. We would have 700,000 more businesses if proportionally as many British women as American women started businesses.”
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