Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the (a) number and (b) proportion of businesses that are owned by women in Hull North.
In the UK in 2021, 19% of SMEs with employees (a three-percentage point increase on 2020) and 20% of firms with no employees (21% in 2020) were female-led. The government does not hold regional data relating to the number or proportion of female-led business.
The Rose Review is supported by the industry-led ‘Rose Review Council for Investing in Female Entrepreneurs’ that aims to coordinate industry-led action to increase investment into female-led businesses.
The Government has set an ambition to increase the number of female entrepreneurs by half by 2030, equivalent to 600,000 new entrepreneurs.