North East revealed as top place for female entrepreneurs

Research shows how the North East of England leads the way when it comes to nurturing female-led startups.

The study from Sage reveals regional variations on the level of support and readiness felt by women entrepreneurs across the country.

81% of female entrepreneurs in the North East report feeling supported as they embarked on their business ventures, and 69% of them highlight their ability to manage the delicate balance between work and life commitments.

This compared to 66% of women across the country who said they felt supported when starting up and 61% who said they felt they had been successful at managing their work-life balance as an entrepreneur, clearly shows the North East as above the national average.

The North East also scored favourably in other aspects of the overall ranking, including the low cost of office space and the smaller gender pay gap.

When it comes to the motivations behind starting a business for regions across England, the study found that women were more inclined to initiate their entrepreneurial journey seeking flexibility and improved work-life balance, with 51% of female entrepreneurs citing these as primary reasons.

On the other hand, the top reason for men entering the business world is the pursuit of financial opportunities, as indicated by 48% of male entrepreneurs.

The research highlights key areas where women entrepreneurs encounter more challenges compared to their male counterparts. Struggles encompassed profitability (77%), work-life balance (72%), environmental sustainability (65%), cost minimization (71%), financial management (74%), tax understanding (75%), and technology adoption (69%).

Read more.

North East revealed as top place for female entrepreneurs

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