Coverage for Untapped Unicorns

The Entrepreneurs Network’s report on the Untapped Unicorns – the underfunded female entrepreneurs – has received widespread media coverage.

In summary the report showed that there is an evident gender bias against female entrepreneurs receiving funding from capital providers; despite the fact that female-led businesses are less likely to fail. The Entrepreneurs Network’s Annabel Denham comments that this data is frustrating and recommends a change in education, culture and data collecting to combat the evident bias.

Sexism in start-up investment leaves UK businesses male-dominated, The Telegraph

We need to stop sexism in start-up investment, The Guardian

Eight Stats That Show How Britain Fails Its Female Entrepreneurs, Forbes

Unitapped unicorns: It’s time to close the scale-up investment gender gap, City AM

Pelvic floor exercise device maker Elvie receives £6m funding to launch more products, The Telegraph

Mind the funding-gap: Why we need more female founded scale-ups, Forbes

Greater efforts required to fund female-led firms, The Scotsman

The Big Interview: Jackie Waring, founder and chief of Investing Women, The Scotsman

How to tap into government funding for female entrepreneurs,

Call to ‘untap funding’ for female entrepreneurs,

Female entrepreneurs need more access to funding, according to report,

Lack of investment opportunities sees female startup founders lose out,

How Britain can drive the growth of female entrepreneurship,

Untapped Unicorns: scaling up female entrepreneurship, Barclays

Untapped unicorns in North East England (and how we are helping Shorthand Social

Investment culture remains very much male-dominated The National

Plugging the Gender Funding Gap, The Huffington Post

Local councils fail to support business growth

A report by the Business Census 2017 showed that most businesses feel local council support is getting worse, with 7 out of 10 of businesses feeling let down. The areas that were most unhappy were the East of England and Northern Ireland, whereas London and Scotland were most content with support. Philip Salter, founder of The Entrepreneurs Network, advised that although “this isn’t the time to shake things up, it should be a prod to government at every level that many Local Enterprise Partnerships (LEPs) and Growth Hubs aren’t yet firing on all cylinders.” To boost support from local councils, we should put more money into LEPs and increase Metro Mayors.

Read the full LocalGov article here.

Local government business support has dwindled

The support that local governments give to businesses has weakened this past year, according to a survey by Business Census 2017 Report, with now 70% of businesses unhappy with the help. The survey also found that increasingly businesses are concerned about the global state of politics, although the majority surveyed have not been affected by Brexit so far.

As Philip buy ativan online india Salter of the Entrepreneurs Network put it, “2016 delivered uncertainty by the bucket load. Whatever the medium to long-term impact of Brexit, there can few who doubt that in the short run there will be a bumpy ride. 2017 may be a little more interesting than many would want.”

Read the full article here.

We can’t afford to lose the Enterprise Investment Scheme

Lord Howard Flight recently wrote an article for Conservative Home, stressing the importance of continuing the Enterprise Investment Scheme. The EIS offers tax incentives for high risk equity investment in SMEs, and has been crucial to the success of entrepreneurship in Britain over the last decade. Flight references the Entrepreneurs Network’s study – which found that only 25% of MPs knew about EIS – to call on a greater awareness of MPs about the scheme.

To read the full Conservative Home article, click here.

How the landlords aren’t moving fast enough

The latest Proptech roundtable on the transformation of the property market stressed the importance of landlords keeping up with increasingly fast-moving tech companies. Co-working could be one solution, but the roundtable also showed that it’s not just the landlords that are holding businesses back. Internet connectivity, insurance buy ativan online overnight problems and exorbitant taxes on property development all were raised. Overall, businesses need to work alongside the government and the property market to make the UK an even more attractive setting for new tech companies.

To read the full Tech City News article, clickhere.

Women are leaders, not female leaders

“In the future, there will be no female leaders. There will just be leaders.”

Given the wave of growth in of women entrepreneurs over the past few years, it seems that Sheryl Sandberg is right. As Annabel Denham shows in a Huffington Post article, the future looks bright for businesswomen, with women-led companies growing at explosive rates as Founders4Schools’s studies show. With the gap narrowing between female and male led companies, female-focused investment platforms such as AllBright are sprouting up and creating new networks and crowdfunding opportunities.

To read the full article, click here.

Barclays report shines the spotlight on British start-ups

A new Barclays report has showed that the UK had a better environment for growth in the months leading up to the referendum than at any other time since 2011, due to access to finance, improved regulation and increased research and innovation. However, as Annabel Denham writes in Huffpost Politics, the environment for British entrepreneurship is still far from perfect.

While skills shortages are holding businesses back, low corporation tax and better regulatory conditions have helped improve conditions for the entrepreneur. Similarly, although the budget could have done more to lift the burden on businesses, pledges to invest in infrastructure and innovation will be a boost. Overall, the report suggests that “the wider picture is mixed” and we must hope that the Spring budget will make this country even more entrepreneur-friendly.

To read the full article, click here.

£400m venture capital boost will help, but we need to support growing firms even more

Chancellor Philip Hammond announced in the Autumn statement his plan to pump £400m of venture capital funds into the British Business Bank, unlocking £1bn of new finance for growing firms. Philip Salter responded in an article for Real Business:

Philip Salter, director of The Entrepreneurs Network, said:
“£400m into venture capital funds through the British Business Bank makes sense in the context of Brexit, given the expected need to transition from the European Investment Fund (EIF) after we leave the European Union.

“But the Spring Budget should be an opportunity to grasp the nettle: unburdening enterprise through cuts to the most destructive taxes and simplifying incentives – like the Enterprise Investment Schemes and Employees Share Schemes – while avoiding the excesses of previous Chancellors.”

To read the full article, click here.

Small Business Taskforce have no easy task

The Telegraph has reported on the creation of the Small Business Taskforce – a group of organisations, including The Entrepreneurs Network, who have come together to champion SMEs in the UK. The Taskforce is key to protecting British businesses as it offers ministers a “sounding board” so they may understand how new regulations will effect businesses before they come into place. The Taskforce was created at a time of great change as Britain gradually prepares to leave the EU and the new government establishes itself, but it offers stability and a voice for millions of workers involved in SMEs around the UK.

The Taskforce’s open letter to ministers outlines the five central issues it wants to tackle:

  • A flexible workforce including ensuring EU workers already in the UK have long-term resident rights
  • A workable tax regime with small businesses consulted about any proposed changes
  • Accessible business support
  • International trade for all
  • Consultation with small business

Read the full Telegraph article here.

Huffington Post article: Small Business Taskforce is a big force for good

The Huffington Post has reported on the Small Business Taskforce – a group of 14 business bodies (including The Entrepreneurs Network) who have come together to ensure Britain remains a start-up friendly country after Brexit. The Small Business Taskforce is calling on the new government to work out trade buy ativan from canada deals, budgets and immigration policies that help small companies as well as more established ones. Together, they represent over 1,000,000 businesses and the Taskforce includes Coadec, Social Enterprise UK and Forum of Private Business.

Read the full article here.