Number of start-ups with female board members falls to 8.37%
Scotland and East Midlands among worst areas for female representation, according to new study
The number of UK start-ups with female directors has fallen to an average of 8.37%, significantly lower than that of FTSE 100 companies, according to a new report by B2B buying resource Approved Index.
Investigating female representation on the boards of Fast Track 100 companies from 2010 to 2014, the study suggested a continuous decline in start-up female directors since 2010 and pointed to a “widening gap” between start-ups and FTSE 100 and FTSE 250 companies which boast levels of 22.5% and 15.6% respectively.
Scotland was the worst region for female board members with less than 1% of Scottish start-ups appointing female directors, followed by the East Midlands (2.99%), Yorkshire and Humberside (4.35%), Northern Ireland (5%), the South West (5.88%) and London (6.72%).
In comparison, the North West and East of England were found to have the highest levels of female representation on start-up boards with 16.85% and 14.29% respectively.
Trilby Rajna of Approved Index said: “Our findings expose some really shocking trends of male superiority in the senior appointments of new businesses.
“It seems that despite start-up firms being heralded as the pioneers for innovation and technological advances, the inherent culture is far from progressive. Emerging entrepreneurs do not have the excuse of a history of bad cultural practices to latch on to. They should know better.”