Women at the helm of one million UK small businesses Minority ethnic groups in charge of an estimated 300,000 small firms Written by Henry Williams Published on 21 September 2015 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: Henry Williams Direct to your inbox 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. Share this post facebook twitter linkedin Written by: Henry Williams