New treasury review will assess barriers for women in business
PUBLISHED: 08:43 21 September 2018 | UPDATED: 08:43 21 September 2018
The treasury has become the latest body to join the fight to improve the business environment for women.
It follows evidence that women are half as likely as men to be involved in starting a business and that only one third of the UK’d entrepreneurs are women.
Alison Rose, chief executive of RBS Commercial and Private Banking, show will lead the review, said: “To better drive the UK’s economy, we need to understand, and tackle, the barriers and reasons as to why this is.”
Robert Jenrick, exchequer secretary to the treasury, said: “The fact that Britain is home to so many new, innovative businesses is something to be proud of, but the fact that so few of them are started by women is shocking. This is not because of a lack of talent or appetite.
“Therefore, it’s vital that we identify the barriers that are hampering entrepreneurial women from securing the backing that businessmen have taken for granted.”
Women only make up just over a quarter of full-time company chief executives and senior officials.
A report by the Eastern Daily Press last year revealed that only one in seven board members at Norfolk and Suffolk’s biggest companies are female.