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Written question asked by Callum Anderson (Labour) on Monday, 13 July 2026, in the House of Commons. It was due for an answer on Wednesday, 15 July 2026. It was answered by Blair McDougall (Labour) on Monday, 20 July 2026 on behalf of the Department for Business and Trade.


Business: Women

Question

To ask the Secretary of State for Business and Trade, what estimate he has made of the economic contribution of female-led businesses to UK gross value added.

Answer

While the Department has not made an estimate of the economic contribution of female-led businesses to UK gross value added (GVA), independent research demonstrates the significant contribution that women-led businesses make to the UK economy.

The Alison Rose Review of Female Entrepreneurship (2019) estimated that up to £250 billion of new value could be added to the UK economy if women started and scaled businesses at the same rate as men. Frontier Economics has since estimated that achieving gender parity in entrepreneurship could increase cumulative UK GVA by €825 billion (£718 billion) by 2040.


Secondary information

Type
Written question
Reference
18320
Session
2026-27
Subjects
Business Women
Contains statistics
Yes
Link
View this Written question on www.parliament.uk