More women are starting their own businesses than ever before, according to new research from the Federation of Small Businesses (FSB).
Women own half (49.5%) of small businesses established in the past two years in the retail, hotel, catering and leisure industries. In businesses started more than 20 years ago, less than a quarter (24%) were owned by women.
The research also found that female entrepreneurs are less likely to take financial risks, borrowing an average of £18,700 for their business compared to £28,800 borrowed by male business owners.
John Allan, national chairman of the FSB, said “We are witnessing a welcome change with more women entrepreneurs establishing businesses than at any time before. And it is striking how this trend seems to be speeding up since the recession – it shows many women have the guts and a real entrepreneurial spirit”.