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PRIVACY
Economic Development

South West has the highest proportion of female-run businesses in the º£½ÇÊÓÆµ

But women are still underrepresented in traditionally male-dominated industries, according to the data

New research has revealed that the South West has the highest proportion of female-run businesses.

Data from Paymentsense's 70,000 small business customers across the º£½ÇÊÓÆµ found that almost two in five (39%) SMEs in the South West are run by women, closely followed by nearby Wales where 36% belong to females.

Paymentsense’s figures also suggest that just over a third (34%) of º£½ÇÊÓÆµ SMEs are now female-run, an increase on 2017 data which reported that only 19% of º£½ÇÊÓÆµ small businesses were led by women. Despite this increase the data still points to significant underrepresentation of female entrepreneurs across the º£½ÇÊÓÆµ.

The study also displayed how the balance of business ownership varies at the city level. Carlisle topped the city list with the highest proportion of female-run businesses (50%). Torquay is second with 47%, closely followed by Telford, Truro and Shrewsbury (all at 45%).

 

Of the 100 cities and towns analysed London sits in the bottom ten, with 30% of Paymentsense customer businesses run by females. It is Slough, however, which has the lowest proportion of female entrepreneurs with 26%. Also low on the list are Harrow (27%), Glasgow (28%) and Kirkcaldy (28%).

The Paymentsense analysis also revealed which sectors have the highest proportion of female business owners. Top of the list is the personal services sector – accounting for care, support and social work. Almost two thirds (64%) of these SMEs are run by women – the only majority held by females within the data.

Females are still underrepresented in traditionally male-dominated industries, according to the data. The sectors with the least number of female-run businesses are construction (24%), repair (23%) and automotive (17%).

Jacqueline Gallazzi-Ritchie is director of All England Gas, a heating and boiler service specialist.