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Female entrepreneurs still face financial restrictions and an element of gender discrimination when trying to establish a new business start-up, according to new research.
Research from the British Association of Women Entrepreneurs (BAWE) indicates that gaining access to financial help is still significantly harder for a women than for a man, with many male bank managers feeling "more comfortable" dealing with men.
Research shows that women are half as likely as men to be involved in a new business start-up activity and 987,000 women are self-employed – just over a quarter of the total number of self-employed people in the UK. It is also estimated that 12 to 14 per cent of businesses are majority-owned by women.
Despite these figures, the findings from BAWA suggest that a womans quest to pioneer a new company formation is still hindered by a male dominated industry.
Tanya Hine, president of BAWA called for "fair treatment and a level playing field" for both male and female entrepreneurs.
"Financial restrictions are still an issue. If a woman goes into a bank she will be asked to secure every penny", Ms Hine said.
"Most men certainly get some overdraft facilities that are not secured, be it even £5,000, £10,000. For a woman, they will ask for full security."
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