Best of the Spectator

Women With Balls: how can Britain back women-led businesses?

Apr 26, 2024

Anneliese Dodds MP, Jo Overton, and Eccie Newton discuss the rise of young female entrepreneurship and the challenges they face in securing funding. They explore the barriers, lack of clarity in finance options, and the need for support and empowerment. The podcast also delves into the entrepreneurial journey in the food industry, fundraising for startups, and empowering women through funding and representation.

27:25

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Episode guests

Anneliese Dodds MP

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Female entrepreneurship is on the rise, with 17,500 businesses led by women aged 16-25 in two years.

Access to finance remains a challenge for female entrepreneurs, hindering business growth and scalability.

Diverse funding sources and tailored strategies are crucial for female entrepreneurs to secure appropriate financial backing.

Deep dives

The Rise of Young Female Entrepreneurs

Young female entrepreneurship has seen a significant increase with 17,500 businesses led by women aged 16 to 25, a 22-fold rise in two years. In the UK, 20% of businesses are female-led, spanning diverse industries like neuroscience consultancy, beauty products, dairy farming, and fitness. Despite this growth, female entrepreneurs still face challenges in accessing finance and navigating barriers like childcare and lack of flexibility.

Introduction

2min

Challenges in Accessing Finance for Female Entrepreneurs

4min

Entrepreneurial Journey in the Food Industry and Diversification into Kitchen Facilities

2min

Navigating the Challenges of Fundraising for Startups

2min

Empowering Women Entrepreneurs Through Funding and Representation

15min

Empowering Women in Entrepreneurship

4min

Young, female entrepreneurship is on the rise. Two years ago, 17,500 businesses were founded by women aged 16-25, which is 22 times greater than in 2018. Now, 20 per cent of all businesses across the UK are all-female-led. Yet, when it comes to investment, women consistently underperform their male counterparts. Why? And should more be done to support female entrepreneurs?

To shine a light on some of these issues is Anneliese Dodds MP, the Shadow Secretary of State for Women and Equalities, and Chair of the Labour Party, Jo Overton, the Managing Director for Customer Propositions and Strategy for Business Commercial Banking at Lloyds Banking Group, and Eccie Newton, the co-founder, of Karma Cans, an office lunch delivery company, and Karma Kitchen, that provides commercial kitchen spaces to food businesses.

This podcast is kindly sponsored by Lloyds Banking Group.

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Best of the Spectator

Women With Balls: how can Britain back women-led businesses?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Rise of Young Female Entrepreneurs

The Economic Impact of Small Businesses

Navigating Funding Options for Entrepreneurs

Empowering Female Entrepreneurs Through Support and Advocacy

Encouraging Entrepreneurial Pursuits and Overcoming Challenges

Remember Everything You Learn from Podcasts