In 2019 HM’s Treasury commissioned Alison Rose, CEO of NatWest Banking Group, to lead an independent review of female entrepreneurship in the UK. Since then, this review has shed renewed light on the barriers faced by women starting and growing businesses and identified ways of unlocking this untapped talent. Every year a review is published of progress made, or regressions noted, on particular aspects of women entrepreneurism in the UK.

The government announced an ambition to increase the number of female entrepreneurs by half by 2030, equivalent to nearly 600,000 additional female entrepreneurs in response to the initial findings of the Alison Rose Review 2019.

 

The 2023 Update

The 2023 review, published only days ago, provided insights on the progress made by women in business over the past 12 months. Most notably, one-fifth of new businesses founded in this time were established by women. This is an increase of almost 20% from the previous period. The Rose Review has also helped to drive interest around investment to help to bridge the divide between gender representation in UK business.

The Alison Rose Review has also identified and quantified the economic potential of more equitable representation of women in business. They estimate that £250 billion could be added to the British economy if women’s business input and support could match that of men.

 

 

The Full Report

On International Women’s Day 2023, please join us in educating, celebrating, and supporting the input of women in business. You can read a copy of The Alison Rose Review 2023 here.