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Best of the Spectator

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

Best of the Spectator

The Spectator

News, Daily News, Society & Culture, News Commentary

4.3826 Ratings

🗓️ 26 April 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

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. 

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Welcome to Women of Balls where I Katie Balls speak to today's Trailblazers.

0:08.0

Young female entrepreneurship is on the rise.

0:11.0

Two years ago, 17,500 businesses were found by women aged 16 to 25,

0:16.0

which is a staggering 22 times greater than in 2018.

0:20.0

Now, 20% of all businesses across the UK are all female led.

0:25.4

And they've got all the industries covered,

0:27.0

from neuroscience consultants to luxury hair and beauty products,

0:30.0

to ethical dairy farmers and spin class instructors.

0:33.3

Yet, when it comes to investment,

0:34.9

women consistently underperform their male counterparts.

0:40.7

Why? And should more be done to support female entrepreneurs.

0:44.9

Joining me now to shine a light on some of these issues is Annalise Dodds,

0:48.6

the Shadow Secretary of State for Women Inequalities and Chair of the Labour Party,

0:54.0

Joe Overton, the Managing Director for Customer Propositions and Strategy for Business Commercial Banking at Lloyd's Banking Group

0:55.5

and Eki Newton, the co-founder of Carma Cance, an office lunch delivery company and Karma Kitchen that provides commercial kitchen spaces to food businesses.

1:04.7

Welcome all. To begin, Joe, if I could just start with you, for those listening on the podcast,

1:08.8

how do we understand the benefits to the economy that we

1:11.3

get from entrepreneurs in the first place? So small businesses and entrepreneurs are absolutely

1:16.4

the lifeblood of our economy. There's just under six million businesses of that size in the UK.

1:21.6

And the amount of innovation that they drive is absolutely phenomenal. You can hear that from some

1:26.1

of the examples you just gave there, Katie, of some of the innovative industries that they're part of. And we know that whatever

1:32.2

industry that is, that it's a really important part of creating jobs within the UK and making

...

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