Women at the helm of one million UK small businesses

Minority ethnic groups in charge of an estimated 300,000 small firms

Our experts

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality.
Written and reviewed by:
Direct to your inbox
Startups.co.uk Email Newsletter viewed on a phone

Sign up to the Startups Weekly Newsletter

Stay informed on the top business stories with Startups.co.uk’s weekly email newsletter

SUBSCRIBE

Around one million (20%) of small and medium-sized enterprises in the UK were majority women led in 2014, according to research from the Department for Business, Innovation & Skills.

Defined as a company where women make up more than 50% of the partners or directors in day-to-day control of the business, or where the sole proprietor is a woman, such businesses contributed an estimated £85bn in gross value added (GVA) to the UK non-financial business economy.

The report also found that around 300,000 (6%) of small businesses were led by minority ethnic groups in 2014, contributing approximately £30bn in GVA to the UK non-financial business economy.

The non-financial business economy, which amounts to around two thirds of the whole UK economy, excludes large parts of agriculture, all of public administration and defence, public healthcare, education and the financial sector – and includes non-financial services, distribution, production, construction and parts of agriculture.

 

Written by:

Leave a comment

Leave a reply

We value your comments but kindly requests all posts are on topic, constructive and respectful. Please review our commenting policy.

Back to Top