Female founders will get a new scale-up programme and the British Business Bank will double its commitments to women-led businesses and funds to £200m, Chancellor John Healey announced in his Budget on Wednesday.
The measures form part of a wider package aimed at those “building the companies of the future in Britain”, in the Chancellor’s words, which also includes a 10 per cent Capital Gains Tax rate for founders, a higher trading allowance and living-cost support for young entrepreneurs.
Healey referred to the Women in Tech Taskforce as he confirmed the female founders programme. The taskforce is a government advisory group set up to tackle the barriers that stop women entering, staying and leading in the technology sector.
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