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26 May 2016

Future UK economic growth depends on women entrepreneurs

FSB today announces a new and exciting relationship with Facebook to support women entrepreneurs in the UK.

Following the launch of FSB’s report ‘Women in Enterprise: the untapped potential’ in April, we have been working hard to tackle the barriers to women’s entrepreneurship. In addition to recruiting for our ‘Women in Enterprise Taskforce’, we are holding a Twitter chat today to give women in business a chance to pose their questions to a panel of experts. You can follow the conversation on #FSBChat.

We are also working with Facebook on the launch of its exciting new campaign ‘She means business’. This partnership will look to inspire future women business owners, alongside providing practical help and support through tools and online learning sessions.

Facebook has released research today, undertaken by Development Economics and YouGov, that shows around 2.7 million UK women want to start a business. This has the potential to create 340,000 new businesses and support 425,000 additional jobs – ultimately unlocking a potential £10.1 billion boost to the UK economy.

The report highlights many of the same challenges and opportunities for women in business as FSB’s own research, namely that confidence is a real barrier to business for women. 

Supporting women’s enterprise is evidently crucial in helping individuals realise their full potential, and in turn boost the economy. That’s why we’re working with key stakeholders like Facebook and developing a series of regional events, resources and networking opportunities to achieve a real boost for women’s entrepreneurship. We will also lobby Government on tangible policy change to get more women in enterprise and help them grow.

If you’ve got questions about starting or growing a business, tune in to our Twitter chat today to ask our expert panel about available business support, role models and access to finance. We will be posting updates about the work with Facebook.

Sandra Dexter, FSB National Vice-Chair, said: “The world of business is changing. There is now a record number of UK smaller businesses and the self-employed, and at FSB we have seen more and more women set themselves up in business and join us. I’m delighted that FSB is working with Facebook on SheMeansBusiness, a campaign which will be a real boost for female entrepreneurship.”

More information can be found about Facebook’s #shemeansbusiness campaign on their dedicated hub and women can sign up to join one of the forthcoming webinar sessions.

Here's the storify from our latest #WomeninEnterprise Twitter chat!