Source · Select Committees · Women and Equalities Committee
Recommendation 4
4
Acknowledged
Require British Business Bank to set target to increase equity finance for female entrepreneurs to 10%.
Recommendation
We recommend that the British Business Bank should: • have a fifth strategic objective, to ensure that equity finance to female entrepreneurs in the UK increases from 2% to 10% by 2030; • set itself the target of ensuring that no less than 30% of the finance it makes available to UK businesses is allocated to supporting female- led businesses; • ensure gender balance on its investment/assessment committees; and 52 • require all investors seeking its support to sign up to the Investing in Women Code. (Recommendation, Paragraph 37)
Government Response Summary
The government agrees with the committee's recommendations for the British Business Bank but does not commit to immediate changes, stating it will not rule out interventions in the future if investment in female entrepreneurs does not improve.
Government Response
Acknowledged
HM Government
Acknowledged
The Government agrees and does not rule out interventions in the future if the level of venture capital investment in female entrepreneurs shows no sign of improvement. 13 https://iuk-business-connect.org.uk/wp-content/uploads/2025/04/Advancing-Women- led-Innovation-%E2%80%93-Our-Pledge-for-Progress.pdf