Hi Geoff,
I guess in the same spirit as there are grants for businesses in certain areas (Enfield,Islington…) or incentives for young people with lower education to start businesses , there are now this fund for women led-businesses.
Apparently it comes from studies that showed that women had more difficulty to access equity funding (old boys networks, not a good knowledge of the various sources of funding,etc…)
Obviously I haven't lived long enough in the UK to judge the rationale here but having lived in other countries and also met women entrepreneurs from various cultures and background, I know this is sometimes a cultural sensitive issue.
I guess the UK government has chosen to lead by example here by trying to reduce the gap.
This scheme is new and I just wanted to know if some women have come across that already or if people have provided support to eligible businesses. Just to share experience and give advice really.
I don't know the proportion of women Entrepreneurs on the list, so I apologise if this was maybe a too bespoke post.
Barbara
2009/4/18 Geoff Wright
<[address removed]>
There are exclusive funds for women-led businesses?
On Fri, Apr 17, 2009 at 5:35 PM, Barbara
<[address removed]> wrote:
Hello,
sorry for the bespoke question here (but they are all to some extent).
I was wondering if any woman Entrepreneur or woman-led business had gone for matched funding equity with the Aspire Fund?
For reference : the £12.5m Aspire Fund targets support for Women led businesses across the UK. The fund is able to make equity investments of between £100k and £1m, on a co-investment basis, in order to help strong businesses grow.
The objective of the fund is to increase the number of successful Women led businesses within the UK, ensuring that those with real potential to succeed are not held back through a lack of growth capital.
Than you for your testimonial and advice.
Kind regards,
Barbara
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