The British Enterprise Financial institution has unveiled a brand new Open Workplace Hours initiative for rising or potential feminine buyers contemplating making an software to one of many financial institution’s fairness programmes.
The Rising Feminine Investor Open Workplace Hours initiative goals to supply an open and casual house for rising or potential feminine buyers and is open to feminine angels, common companions and fund managers.
The British Enterprise Financial institution is eager to develop the pipeline of feminine buyers making use of to its programmes, in mild of current figures that exposed simply 2p of each £1 invested in enterprise capital funding within the UK goes to female-founded companies.
With this new initiative, the financial institution goals to provide potential or rising feminine buyers the instruments and insights to higher perceive the financial institution’s programme necessities and make it simpler for brand new entrants to interrupt into enterprise capital.
The initiative will ship pre-application drop-in periods, connecting potential or rising feminine buyers with members of the financial institution’s fairness groups, enabling them to hunt readability on the method forward of getting into the programme’s formal software funnel.
Periods will probably be held remotely to make sure all potential or rising feminine buyers can entry the workplace hours, no matter the place they could be primarily based.
“By providing an open and casual house, we need to give rising feminine expertise the instruments and insights to succeed and make it simpler for brand new entrants to interrupt into enterprise capital,” mentioned Christine Hockley (pictured), managing director and co-head of funds on the financial institution.
“There are nonetheless many limitations to be tackled, however the British Enterprise Financial institution is dedicated to rising the pipeline of recent feminine buyers making use of to its programmes.
“We’re in a singular place out there to supply funding, in addition to tailor-made, non-financial help to assist enhance entry to finance.”
The financial institution beforehand dedicated to supporting the goals of the Spend money on Girls Taskforce by investing £50m into female-led funds by way of its present programmes.
It has additionally lately established a majority feminine ‘Spend money on Girls Committee’ to advise on how this capital is allotted.
It is usually a founding signatory of the Investing in Girls Code, a government-led initiative in response to the Rose Assessment’s findings {that a} lack of funding was one of the vital limitations to ladies in search of to successfully scale a enterprise.
The Code, which seeks to help the development of feminine entrepreneurship in the UK, has over 250 signatories.
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