Presentation on theme: "Women in Business & Enterprise. In 2013, there were 4.9 million businesses in the UK. Over 99% of businesses are Small or Medium Sized businesses – employing."— Presentation transcript:
In 2013, there were 4.9 million businesses in the UK. Over 99% of businesses are Small or Medium Sized businesses – employing 0-249 people 4.7 million or 95% of businesses were micro- businesses – employing 0-9 people. Micro- businesses accounted for 32% of employment and 18% of turnover.
In London, there were 1,266 businesses per 10,000 resident adults. In the North East there were 633 per 10,000 resident adults. The service industries accounted for 72% of businesses, 78% of employment and 68% of turnover. The manufacturing sector accounted for 6% of businesses, 11% of employment and 17% of turnover. There were 270,000 business births in 2012 and 255,000 business deaths. 18% of SMEs are female led, and 22% of FTSE100 board members are female
Share of enterprises in the UK private sector, 2013 Source: BIS, Business population estimates, 2013, p 4 There were 4.7 million micro-businesses in the UK in 2012, accounting for 95% of all businesses.
The chart show how the number of businesses per head of population differs across the regions of the UK
Female-led SMEs In 2012, it is estimated that 18% of SMEs were led by women. This equates to around 860,000 SMEs. Of SME employers, 19% were led by women in 2012, five percentage points up on 2010. In 2012, a further 23% of SME employers were equally led by men and women, meaning that 42% of SME employers were part- led by women.
Women-led SME employers tended to be younger, with around 32% having existed for only one year or less and a further 26% having existed for 2-3 years. Women-led SME employers were concentrated in certain sectors. 22% were in the retail or transportation sector, compared to around 16% of all businesses.
Between 2006 and 2010, female-led SMEs contributed around £50 billion to UK economic output, equivalent to 12% of UK output generated by SMEs.
Female start-ups Estimates have been made of the proportion of women involved in “total early stage entrepreneurial activity” or TEA. TEA includes the owning or running of any business that is less than 3 and a half years old. In 2011, the TEA rate (the proportion of working aged people involved in TEA) in the UK was 7.4%. By gender, the TEA rate in the UK was 5.0% among women and 10.2% among men.5
Using these data we can estimate that 32.9% of TEA was accounted for by women in 2011. In the US, 40.2% of TEA was accounted for be women.
The following chart shows how the proportion of women on FTSE100 boards has increased steadily since the late 1990s.
The Professional Boards Forum’s BoardWatch monitors progress towards this target. The most recent data show that in May 2014, 21.6% of FTSE100 directors were female, up from 12.5% in 2011. This means that out of 1,117 FTSE100 board members, 241 were female. In order to reach Lord Davies target of 25% female board members, 48 more board seats need to be held by women by 2015.8 There were no all-male boards as of June 2014 for the first time.