Charles Stanley, part of Raymond James Wealth Management, has developed its new Female Founders report in partnership with Beauhurst, which shows that the number of female-founded businesses has more than doubled over the past decade, and continues to grow – yet challenges remain.

Female-led enterprises contribute significantly to the nation’s economy, employing approximately 330k people across the UK. However, they remain underserved, facing funding gaps, limited networks, and biases, which hinders their full potential. Access to capital continues to be one of the main barriers for female entrepreneurs, with less than 2% of equity funding going to female-founded businesses. This is echoed in research conducted among 250 female business owners, revealing that just 25% of women believe it is easier to secure funding as a woman than a man.

In the first three quarters of 2024, female-founded companies raised a collective £1.48 billion in equity funding via 972 deals. Though significant, this is overshadowed by the resources flowing into male-led ventures. During the same period, businesses without female founders secured £9.28 billion – over six times the amount raised by female-founded businesses.

With the number of female-founded businesses in the UK set to grow, the need for more support for female-led companies is crucial. From investment to mentorship programmes the business ecosystem stands to gain considerably from greater gender equality, resulting in a stronger, more resilient economy powered by diverse leadership.

Kim Jenson, CEO of Charles Stanley, part of Raymond James Wealth Management, comments: “Supporting female founders isn’t just about fairness – it’s about unlocking opportunities that drive economic growth and social progress. Women-led businesses reshape industries and inspire future generations, yet their potential remains largely untapped.

“To build a resilient, innovative economy requires a more inclusive entrepreneurial landscape and collaboration is key. Investors, mentors, and industry leaders all have a role to play in creating equity and expanding economic growth. Women already control over 50% of UK wealth, and by 2030 that figure is expected to reach 75% - an inarguable force in economic influence.

“We’re proud to empower women as they take on a greater role in managing wealth. Our mission is to build financial confidence, independence, and long-term security for every woman navigating this new era of opportunity – and to help unlock the full potential of the UK’s female founders.”

Charles Stanley and Raymond James Wealth Management offers a comprehensive suite of services designed to meet the needs of entrepreneurs at every stage of their journey. The commitment to entrepreneurs extends beyond investment management. The business offers holistic financial planning services that address various life stages and significant events – including business sale and succession planning and retirement – ensuring entrepreneurs achieve financial security, personally and professionally.

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