Over 150,000 new businesses to be created by female founders in 2022

SME XPO celebrates data that shows female founders will create more than 150,000 new businesses in 2022. Despite record high inflation and great economic uncertainty, women in the UK created more new businesses last year than ever before, a statistic that we at SME Expo proudly stand behind, especially when International Women’s Day is near.

A total of more than 150,000 new companies are set to be founded by women in 2022, more than double the number in 2018, according to the Alison Rose Review of Entrepreneurship. year ago. Interestingly the biggest jump was among female founders aged 16-25, which increased by almost a quarter.

Women are well represented among the 4000+ owners and 60+ speakers present at the event. Key speakers include Deborah Meaden – entrepreneur and Dragon’s Den star and investor and Lewis Hill, founder of GoHenry, Trini Woodall British beauty entrepreneur, businesswoman, fashion and makeover expert, television presenter and author. Other women speakers during the two-day event include Saher Hashmi OBE, Co-Founder of By Women Built, Dr Anino Emuwa, Managing Director, Avandis Consulting and Steph Douglas, Founder of Don’t Buy Her Flowers.

The findings are also good news for the SME community, especially with just over 50 days to go until the Evening Standard’s SME Expo, which takes place on 25-26 April 2023 and is the UK’s flagship event which is fully ambitious Dedicated to SME founders and decision-makers looking to scale up.

Julia Onslow-Cole, President of the London Chamber of Commerce and Industry (LCCI) and Partner at Frogmen, Said,

“It is fantastic that more companies are being built by women in 2022 than ever before, despite all the economic headwinds and uncertainty facing entrepreneurs. It is abundantly clear that our business community performs better when inclusivity is kept at the forefront and codified from the outset. LCCI is proud to support women entrepreneurs and business owners and we will continue to work to provide better opportunities for all.”

Responding to the 2023 International Women’s Day theme Embrace Equity, Laura Dow, Chief Operating Officer of Allbright, a global collective connecting ambitious women in digital and physical spaces, says:

“At Allbright, we aim to support women during any stage of their career progression. 45% of women are not expecting to stay at their current company for more than 5 years. The main reason cited is growth within organizations lack of opportunity. We work with companies to create training and development programs to retain top talent. We also have a mentor matching program to assist. With the astonishing rate at which women are leaving the workforce There needs to be more dialogue in government and organizations about

Meanwhile, Anna Brailsford, CEO Code First Girls, which provides training in development and data, says:

“It is a fact that women founders face more barriers than their male counterparts, and there are far fewer of us. While we all stand to benefit from diverse leaders and workplaces, it is not only about women leaders And it’s not as simple as hiring employees – we need to support female talent and entrepreneurship at all stages of the pipeline.

The good news is that it is happening, Anna continues:

“There are also growing communities through which women can seek peers and mentors for advice, support, and kinship. At Code First Girls, female angel investors provided a large portion of our Series A fundraising – our offering Vote of confidence in other women leaders.

Building on the success of its launch event, ExCeL has once again invited founders, entrepreneurs and business leaders to attend an action-packed event at the Evening Standard’s SME XPO 25-26 April 2023 in London. two day program And exhibition Engaging the scaleup community, which is an important part of the UK economy.

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