EY has warned that the UK economy could miss out on a £7bn contribution from female-founded companies unless there is greater support for female entrepreneurs. The report identified 45 female-led ‘superscalers’ – firms with revenues of more than £50m – and showed that they contributed a combined £7bn to the UK economy in 2022 and employed more than 55,000 people. It also highlighted 240 female-founded and led UK businesses that could grow into superscalers with the right resources and backing. Lynn Rattigan, senior partner at EY Private, warned that “systemic barriers to growth are currently holding back too many potential superscalers.” The analysis shows that female-founded businesses in the UK receive 2p for every £1 of investment, compared to 14p for mixed-gender founding teams and 84p for male-only led ventures.
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