Despite only comprising 0.6% of the business population, scaling firms contribute an astonishing 55% of the UK SME output, totaling £1.45 trillion.
Research has shown that diverse teams lead to better decision-making and problem-solving capabilities. For instance, companies with diverse executive teams are 25% more likely to achieve above-average profitability.
There is a pressing need to enhance diversity in UK tech and science scaleups not just for moral reasons, but as a strategic necessity for sustainability and growth.
The gender gap in entrepreneurship leaves a staggering 1.1 million women-led businesses unrealized, alongside not allocating adequate equity capital—only 1.8% goes to female-founded firms.
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