Today (March 8th) is International Women’s Day (IWD), which has run yearly since the 1900s to honour women’s rights across the world. To fit in with this year’s theme ‘the gender agenda: gaining momentum’, there has been a focus on the role of women in business.
To coincide with this year’s events, a new £10 million fund for female entrepreneurs has been launched by Boost Capital. As many women starting out in business find it more difficult to access finance than their male counterparts, the targeted strategy will enable Boost Capital to further develop its hands-on client relationships with the growing number of female entrepreneurs.
It is hoped the scheme will provide an affordable alternative to bank lending. Funding will be offered to new businesses in sectors such as hospitality, salon and spa, restaurant and pub, and independent retail.
David Abbott, managing director of Boost Capital, said: “The UK has a thriving community of female entrepreneurs, but many struggle to secure the suitably-priced funding they need to take their business to the next stage.”
“By establishing this fund, we have a great opportunity to make a real difference to the growing number of female entrepreneurs with capital injections that can be used for any business expense, from renovations to acquisitions.”