Invest in Women Taskforce’s Women backing Women Fund Secures £40M

Invest in Women Taskforce’s Women backing Women fund has secured $40,013,787 in capital from investors. This significant funding round will advance the Taskforce's mission to promote and grow opportunities for female entrepreneurship. The capital received underscores a strong commitment from the investment community to addressing the funding gap for women-led businesses. The Invest in Women Taskforce, an industry-led initiative backed by the Department for Business and Trade (DBT), works to support female entrepreneurs. Co-chaired by multi-exit entrepreneur Debbie Wosskow and Barclays’ Hannah Bernard, Head of Business Banking, the Taskforce is dedicated to enhancing access to finance. Its core objectives include launching a substantial £250 million funding pot for female-powered businesses, increasing angel investment for these ventures, encouraging more women to become angel investors, and boosting micro-funding opportunities. The newly secured investment capital will be deployed directly towards these key deliverables. It will enable the Women backing Women fund to progress its ambitious goal of establishing the world's largest funding pot dedicated to female-powered businesses, thereby providing vital financial resources where they are most needed. The funds will also support initiatives aimed at expanding the network of angel investors for women-led startups and facilitating greater access to micro-funding. This capital injection is crucial for accelerating the Taskforce's efforts to drive tangible change in the entrepreneurial ecosystem for women. With this financial backing, Invest in Women Taskforce’s Women backing Women fund is well-positioned to significantly amplify its impact. The organization anticipates furthering its initiatives to dismantle barriers to finance and cultivate a more equitable environment for female entrepreneurs, fostering sustainable growth across the UK.