EISA welcomes the Rose Review Report highlighting female entrepreneurs’ successes
The Enterprise Investment Scheme Association (EISA), the official trade body for the Enterprise Investment Scheme (EIS) representing entrepreneurs, advisors and investors, has welcomed the latest report from the Rose Review.
The EISA highlights Kevin Hollinrake MP, the Small Business Minister’s comment on the release of the latest report, that, “It’s great news over 150,000 women started new businesses last year – more than ever before - and seeing the number of businesses started by 16 to 25-year-olds increase by a quarter reaffirms the UK as a place of opportunity for all.".
Director General of the EISA, Christiana Stewart-Lockhart, said, “The Enterprise Investment Scheme Association (EISA) is proud to be working with the Rose Review to ensure founders across the whole of the UK are aware of the EIS and the seed scheme, the SEIS, and able to use them to secure investment into their start-ups. The review aims to highlight the importance of giving female entrepreneurs access to finance.”
The EISA is driving the levelling up agenda to encourage an entrepreneurial culture across the UK, with regional private sector investors supporting early stage businesses with the much-needed investment to help them scale. New figures from the report show that Women founded more than 15,600 new companies across the North West in 2022. A material contribution of the growth will come from female entrepreneurs as set out in the full Rose Review.
“The importance to the UK economy of the growing contribution from female entrepreneurs should not be underestimated and EISA members are doing a significant amount of work in this area. The proposed extensions to the SEIS (which are due to come in from April) will help more female founders to benefit from investment through the schemes,” added Christiana Stewart- Lockhart. “The Alison Rose Review demonstrated that up to £250 billion could be added to the UK economy if women started and scaled new businesses at the same rate as men. Unlocking this potential is key to the UK’s economic recovery and we are pleased that the Report recognises the importance of the EIS and SEIS in achieving this.”