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Rose Review reveals increase in companies launched by women in 2022

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A report that was first commissioned by the government in 2019 has reported that more women than ever launched companies in 2022, despite a more challenging economic environment.

This includes an increase in new companies that were founded by women across the North West since the start of the review. The Rose Review Progress Report 2023 is the latest edition of The Alison Rose Review of Female Entrepreneurship that was commissioned by the government and conducted by NatWest Group CEO Alison Rose back in 2019.

Alison said: "It’s a testament to the resilience and entrepreneurialism of female founders that they are creating more companies than ever before, and the Rose Review is expanding its support for their work.

"Across the UK our partners have provided more than 800,000 opportunities for female entrepreneurs to get the help they need to thrive. "In the coming year we will continue to provide fresh initiatives offering mentorship, guidance and inspiration for founders, alongside securing new commitments from financial services institutions to make it easier for female-led companies to access vital capital.

"By listening closely to entrepreneurs and acting on what they tell us, we will provide backing to help them grow their networks, secure finance and achieve their goals."

Small business minister Kevin Hollinrake said: 

"It’s great news over 150,000 women started new businesses last year – more than ever before - and seeing the number of businesses started by 16 to 25-year-olds increase by a quarter reaffirms the UK as a place of opportunity for all.

"We’re backing entrepreneurs and innovators all the way with a range of support. Our Start Up Loans scheme recently granted its 100,000th loan with 40% of awards going to women, and our Help to Grow Management Scheme is providing business leaders with the skills they need to succeed."

The Rose Review aims to provide female entrepreneurs with three million places on programmes and opportunities to access direct support over three years. Last year its partners created 800,000 opportunities to access schemes and support including networking events, mentorship and masterclasses.

The Rose Review is also committing to grow the pool of female angel investors from 14% to 30% of the total number of UK angels by 2030 through the work of the Women Angel Investment Taskforce, such as the Women Backing Women campaign.

Work is underway across the country to support more women in offering early-stage investment.  


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