Supporting women in business

We’ve made a bold commitment to supporting women in the UK in starting and running their own businesses. We have set ourselves the target of helping 100,000+ female-led businesses start out by the end of 2023.

This stand is in response to Alison Rose’s Review of Female Entrepreneurship, which found:

  • Only 32% of UK entrepeneurs are women
  • There’s a huge untapped potential for the UK economy
  • A need for greater support for entrepreneurial women
We want to support entrepreneurial women in their journey and believe we’re in a strong position to do exactly that. Working with small businesses every day, we understand the support and guidance needed to make the big step to start out in business – whether it’s as a contractor, freelancer, sole trader, or small business owner.

Commitment objectives include

  • Icon handshake

    Welcoming 100,000 female-led businesses to Tide by the end of 2023

  • Icon graph

    Tracking and reporting on female entrepreneurs using Tide

  • Icon lightbulb

    Organising initiatives and events to support women in opening their own businesses

Key findings

We surveyed 1,000 women who work for themselves, to learn more about their motivations for starting a business, the challenges they can face and the opportunities available to boost their businesses.

We’re using this data to identify how we can best support women in starting out in business, but it also makes interesting reading.

  • There are 1.6m self-employed women in the UK, mostly working in services (21%): 15% in health and 14% in professional services 
  • 6 in 10 female entrepreneurs say confidence was their biggest challenge when they first started out
  • Comparatively, only 38% say they needed financial support
  • The top areas where more support is needed are:
    • advice and information about growing a business
    • mentorship
    • advice and information about marketing a product
    • a network of peers
    • affordable workspace
    • advice and information about loans and credit

These insights will help us ensure we’re providing the right kind of support and initiatives to empower women in business.

You can read more about our research in this blog, and in this article published by Forbes.

Tips for starting a business

Supporting f:Entrepreneur

 

We’re the official sponsor of f:Entrepreneur, a campaign that highlights inspiring female business leaders across the UK.

The goal of the campaign is to celebrate the dynamic and inspirational businesses led by women in the UK.

It’s aimed at both men and women, because everyone has something to learn from these stories of challenge and success. Through events, content and story-telling, f:Entrepreneur showcases role models to help and inspire all small businesses.

Read their #ialso stories here.

Meet our members

Upcoming events

Tue 17 Sep

Masterclass: PR and Marketing Hacks for Small Businesses

In this Masterclass we've got the Founder and CEO of BIG little LDN in to tackle your most pressing questions around how to navigate the world of PR and Marketing as a small business with limited resource and budget. Expect to come away with practical advice you can action the…

More information & sign up
Tue 24 Sep

Masterclass: How to create an effective business plan. And stick to it.

You’re embarking on one of the biggest challenges of your life, creating a business. Gain helpful tips into how to develop your strategy. Tara Reeves, Partner at OMERS Ventures, and experienced Venture Capitalist and entrepreneur, will share her tips and tricks for creating an effective business plan.

More information & sign up
Tue 1 Oct

Masterclass: Getting to grips with small business accounting

Alex Falcon Huerta, Chartered Certified Accountant and Founder/Director of Soaring Falcon Accountancy, will give the low down on what you need to know to make sure you’re tackling your accounts correctly when starting a new business.

More information & sign up
Wed 16 Oct

Women in Business Expo

Women in Business Expo delivers guidance, inspiration and business services to women at any stage of their career or business journey. A refreshing environment where women can learn, network and share insights and experiences plus meet service providers and companies to support their next career or business choice.

More information & sign up