Whilst there’s still a long way to go, the finance industry is beginning to make funding more accessible to women entrepreneurs and female led start-ups.
This week the Government’s initiative, “The Investing In Women Code” got some heavy backing. Major banking corporations are to support the venture to promote and increase the funding to women-led new businesses.
The Investing in Women Code, which complements the Women in Finance Charter, promoting gender equality within the finance industry, aims to increase female funding by 50%.
As a result, supporting financiers will commit to:
- Nominating a Senior Leadership Team, responsible for supporting equality in access to finance
- Offering transparent data on female start-up support
- Implement internal practices to improve the outlook for female entrepreneurs
Only 1 in 3 UK start-ups are female- led; to which the Exchequer Secretary, Robert Jenrick, responded at the launch of The Investing in Women Code; “Breaking down gender barriers could add billions to the UK economy.”
The UK wants to become one of the world’s ‘most attractive’ countries to start up a business; by doing so, committed parties will work together to create a ‘collectively agreed’ set of parallels to fully understand female financing within the UK.
Here at Calverton Finance, we pride ourselves in the support and financial stability our invoice finance brings to new businesses. We do not look at gender, we do not discriminate. Instead, we provide award winning, unrivalled invoice finance for SMEs.
As a start up, keeping on top of finances, credit control and balancing the books can be unnerving. Valuable time, and additional expenses, can be wasted on credit control and chasing late paying customers.
Invoice finance enables an SME to:
Issue an invoice and be paid up to the value of 90% within 24 hours
The balance paid upon the customer settling the invoice
Take advantage of an inclusive credit control facility
Benefit from the experience of their own dedicated Client Services Manager to offer help, support and encouragement – it’s the Calverton Culture
Ensure a steady cashflow and working capital to cover overheads, expenses and supply chains – vital for growth