Why Gender Equality is Key for Economic Growth

|4/4| To celebrate International Women’s Day we’re releasing new blogs every week this month from Kasmin Cooney (OBE) Righttrack Consultancy founder, sharing her decades of experience in equality and diversity training in the business world. 

At Surrey Business School we’re passionate about advancing female candidates with the MBA Women in Business Scholarship, covering between 10 – 50% of the total tuition fee awarded on a rolling basis. 

Statistics show that women are more likely to be employed in low paid/part-time work and are likely to have less financial asset. Yet, women-led businesses are increasingly becoming the driving force of the UK economy.

New research by Founders4Schools shows that there are 762 women-led companies which have revenues between £1m-£250m and are expanding at a median growth rate of 30% a year, 453 are growing by 20% or more and 281 are growing by 50% or more. The total revenues they together accounted for increased by nearly £2 billion from the last year which was a median annual revenue increase per woman-led company of £900,000.

It is delightful to see women making such a major contribution to the growth of the British economy; they are shattering stereotypes and glass ceilings that shouldn’t have even existed in the first place.

Even though the UK has fallen to 9th place last year in terms of female board representation percentages in Europe, it seems that the UK is becoming the best place in the world for female entrepreneurs to further their business ventures.

Kasmin Cooney (OBE) Righttrack Consultancy founder