Source · Select Committees · Women and Equalities Committee
Recommendation 18
18
Deferred
Launch a Female Enterprise Investment Scheme with higher incentives for women-led businesses.
Recommendation
The Government should launch a Female Enterprise Investment Scheme to sit alongside the EIS and SEIS, with higher incentives to specifically drive investment in women-led businesses. People who invest in women-led businesses should receive greater benefits. Existing biases in the investment landscape and a lack of awareness of existing reliefs show that a new, easily marketable, marquee incentive is required. Such an investment in female entrepreneurship by the Government would serve to demonstrate its commitment to supporting female-generated economic growth. The scheme should allow SEIS-level tax breaks of up to a £2 million threshold. (Recommendation, Paragraph 73)
Government Response Summary
The government supports the goal of promoting investment in women-led businesses but believes this is best achieved by amplifying existing industry-led initiatives like the Invest in Women Taskforce, rather than launching a new Female Enterprise Investment Scheme.
Government Response
Deferred
HM Government
Deferred
Government supports the goal of showcasing female role models and better promoting the Invest in Women Hub. To maximise impact and ensure clarity across the ecosystem, we believe this is best achieved through amplifying industry-led initiatives. We are working closely with the Invest in Women Taskforce, Investing in Women Code, and the Invest in Women Hub to coordinate efforts, leveraging the initiatives followings and creating clear pathways for investors and female founders to access resources and opportunities. Government is working across these initiatives to amplify upcoming campaigns.