Recognizing that over 25 percent of small businesses, many women-owned, are rejected for business bank loans due to their risk models, the UK government has actively developed an alternative finance ecosystem, spurring investments of over £3.2 billion. This panel explored the latest trends in funding start-ups and high-growth women’s businesses from the perspective of different ecosystem players and discussed how banks can collaborate with or even fund alternative financers to meet the needs of women business owners at the different stages of development.
Head of Partnerships & Innovation Management, NatWest
Co-founder and CEO, Funding Xchange
Founder and Managing Director, Addidi
Managing Director, Esme Loans
Head of Enterprise, Business Banking; NatWest
If women need access to finance and we can’t give it to them, we want to help them get it. We are just one part of the ecosystem.
— Alastair Hutt
We are about giving banks more transparency and certainty about what’s available – and thereby more choices.
— Katrin Herrling
Two statistics that stood out in our research were how quickly female wealth is growing and how few women angel investors there are.
— Anna Sofat
We need to adapt our business model to be sure we’re covering the entire market.
— Richard Kerton
There are often some quick fixes to help businesses get financing, such as being sure business owners are registered on the electoral roll.
— Julie Baker