New research shows that the UK is improving its environment for women to succeed in entrepreneurship but is still lagging behind other European countries like France and Germany.
The UK ranked 7th out of 30 countries in the Gender-GEDI index, announced at Dell’s Women Entrepreneur Network (DWEN) conference today.
The research showed that 75% of countries included in the survey were not meeting the minimum requirements to foster female entrepreneurship.
Facing the facts
Though the UK climbed one place since the Gender-GEDI index was announced last year, it still ranked below USA and Australia as an environment in which women can succeed in entrepreneurship.
Karen Quintos, Dell’s Chief Marketing officer explained that female entrepreneurs were crucial to thriving economies.
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On the top
At the top of the chart, the USA somewhat unsurprisingly led as a place for female entrepreneurs.
Much more of a dark horse, Australia came second. Cathie Reid of APHS pharmacy group explained why Australia may have ranked so highly.
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Australia has a great environment for female entrepreneurs. There’s a lot of well-established businesswomen networks, great collaboration – all supporting each other and I think that really helps our status in the new rankings
There’s a real focus at the moment on a reduction of red tape which is fantastic for the entrepreneur.
Researchers found that economies in which the male to female ratio across all sectors of employment encouraged diverse and far-reaching female entrepreneurship.
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In the UK, for example, industries which have been traditionally dominated by men such at the construction, lacked female entrepreneurs, ideas and methods to develop the sector.
Women in senior positions are also unrepresented and education, networks and management experience are crucial to female success.
In emerging markets women who had access to bank accounts had a significantly bigger chance of succeeding in entrepreneurship.
Research also suggested that in 22 of 30 countries, married women had fewer rights than married men and in 8 countries, women don’t have the same access to property as men.