Rise of the £7bn “mum-economy”
UK mumpreneurs supported over 200,000 jobs in 2014 with number of mum-run businesses up 23% on 2011
Mumpreneurs generated £7.2bn for the UK economy last year and supported over 204,000 jobs, research undertaken by Development Economics and eBay has found.
Said to reflect how mum-run businesses are an “increasingly powerful economic group”, the findings show that the number of British businesses founded by mothers has increased by 23% on 2011 and added 30% value to the economy from 2011 to 2014.
By 2025, the study claims that increased opportunity and flexibility for mums in business will take the annual “mum-economy” to £9.5bn and will create an additional 13,000 jobs – taking the total employed by mumpreneurs to approximately 216,700.
Sarah Calcott, eBay UK COO, commented:”Improved connectivity and growing digital literacy is enabling ambitious, business-minded mums to realise and pursue successful enterprises.