Major British banks have committed to narrowing the gap in funding between femal...
LONDON - Major British banks have committed to narrowing the gap in funding between female and male entrepreneurs, after a government-commissioned report found a lack of available capital for women was “holding the UK back”.
Only one in three entrepreneurs in Britain is female, the report found, equivalent to over a million “missing” businesses overall. Royal Bank of Scotland and Lloyds are among the first lenders to pledge action, including publishing data on the investment disparity between female and male-led businesses under a new voluntary code launched by the government.
Only 6 percent of women in Britain run their own businesses compared with 15 percent in Canada, almost 11 percent in the United States and more than 9 percent in Australia and the Netherlands, the report found.
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