UK launches £250M fund to support female entrepreneurs, addressing the gender funding gap in startups.

The UK has launched a £250 million fund called "Women Backing Women" to support female entrepreneurs, addressing the gender funding gap where male-founded startups receive nearly six times more funding. The fund, backed by institutions like Barclays and Aviva, will be managed by female investors to support female-led and mixed-gender businesses. UK Investment Minister Poppy Gustafsson highlighted the need for a more inclusive economic landscape, noting the current state of venture capital funding for women is "terrible."

November 26, 2024
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