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Digital Subscriptions > Campbeltown Courier > 21 October 2016 > Women in business Three of the best

Women in business Three of the best

Women entrepreneurs are vital to the makeup of the business community and there is a growing body of evidence highlighting the economic benefits of encouraging more women into business.

It is esti mated that around 21 percent of Scotland’s 339,000 SMEs are majority-led by women and a further 22 per cent are equally-led by women and men. Men are still almost twice as likely to start businesses as women.

While the under-representation of women in entrepreneurship is an international concern, Scotland’s rates of female business ownership are persistently low relative to other high- income countries. The scale of Scotland’s enterprise ‘gap’ is illustrated by estimates suggesting that Scotland would have an additional 108,480 businesses if women’s business ownership rates equalled those of men. This would equate to a 32 percent increase in Scotland’s business base.

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