HSBC UK has introduced a new initiative aimed at empowering female entrepreneurs. With a £250 million growth fund, the programme seeks to address significant financial challenges faced by women-led businesses in scaling their operations.
The initiative also includes masterclasses and networking opportunities to equip participants with essential skills and expand their professional networks. It aims to provide not just financial support but a comprehensive framework for sustainable business growth.
New research by HSBC reveals that nearly one in five (18%) female business leaders view funding as a major obstacle to scaling their enterprises. This initiative arrives at a crucial time, as almost half (47%) of these leaders plan to expand either domestically or internationally within the next year.
These masterclasses will cover key growth topics such as supply chain management, international market selection, and crafting business plans and forecasts. Networking events will also be organised to foster connections among women-led enterprises.
She emphasised that women are often forced to delay or cancel their innovative business ideas due to insufficient credit lines.
Nearly one in four (23%) do not seek assistance from anyone, including family, friends, or colleagues, when facing business challenges.
The bank will also organise networking events to bring together businesses involved in the initiative. This will foster a community of support and collaboration among women-led enterprises.
The goal is to contribute to a more dynamic and inclusive economy.
This holistic approach ensures that these businesses are well-prepared for sustainable growth.
The HSBC Women’s Business Growth Initiative marks a significant step in addressing the financial barriers faced by female entrepreneurs.
By providing financial support, masterclasses, and networking opportunities, the programme aims to empower women-led businesses to achieve sustainable growth and contribute to a stronger economy.
