HSBC UK has announced a substantial £250 million initiative dedicated to supporting women-led businesses.
- Approximately one in five female business leaders perceive funding as a major challenge to business growth.
- Significantly, nearly half of these leaders intend to expand their businesses in the coming year.
- One in five women have postponed or cancelled business plans due to financial access issues.
- HSBC’s programme will offer funding, masterclasses, and networking opportunities to address these challenges.
HSBC UK has launched a significant £250 million initiative to empower women-led businesses by addressing their financial barriers. This ambitious programme aims to provide much-needed support for female entrepreneurs, enabling them to overcome obstacles and drive economic growth.
Research conducted by HSBC highlights that around 18% of female business leaders consider funding a significant hurdle in scaling their enterprises. With nearly half of these women planning expansion either domestically or internationally within the next year, securing financial support remains a top priority.
Furthermore, financial challenges have forced 20% of female entrepreneurs to delay or cancel their business plans. The HSBC Women’s Business Growth Initiative seeks to bridge the credit gap that stands at an estimated $1.7 trillion globally.
Beyond financial aid, the initiative provides quarterly masterclasses led by senior HSBC leaders. These sessions will cover vital topics such as supply chain management, market selection, and business planning, thereby equipping women with essential tools for growth.
Networking opportunities also form a crucial component of this initiative, facilitating connections among women-led businesses. This aims to create a supportive community that fosters collaboration and mutual support among participants.
Stephanie Betant, Head of Global Trade Solutions at HSBC UK, underscores the importance of this initiative by stating, “Our new Women’s Business Growth Initiative seeks to tackle one of the biggest growth barriers for female business leaders: access to finance.” She highlights the role of HSBC’s financial expertise and global network in helping these enterprises achieve their full potential.
Notably, HSBC’s research, which surveyed 1,014 female business leaders, reveals that 23% refrain from seeking support when faced with business challenges. This initiative promises not only financial resources but also a robust network to empower women entrepreneurs.
HSBC UK’s initiative is set to drive significant progress for women-led businesses, promoting financial inclusion and economic growth.
