Enterprise

• In Wales, the Total Early Stage Entrepreneurial Activity (TEA) for men is 7.2% and for women is 3.4%. For women this represents a slight decline since 2006 (where the TEA rate was 3.7%) and further widens the gap between male and female TEA rates in Wales (Global Entrepreneurship Monitor, 2007)
• The vast majority of SME employers are led by men; only 14% of them are led by a woman or by a management team mostly comprised of women (BERR - Annual Small Business Survey 2006)
• Women's enterprise contributes an estimated 60 billion annually to the gross value added to the UK economy. (Government Economic Service)
• Women are half as likely as men to be engaged in entrepreneurship at the early stages of start-up. This falls to just 28% of male entrepreneurship for established businesses. (Global Entrepreneurship Monitor UK 2006)
• Publicly funded enterprise training triples the likelihood of a woman starting a business. (GEM UK 2006, Entrepreneurship Setting the Development Agenda)
• Companies with 30% women in senior positions are more likely to have a culture where all women thrive. (Inspiring Women: Corporate best practice in Europe, The Lehman Brothers Centre for Women in Business, London Business School)
• Female millionaires in Britain are predicted to outnumber male millionaires by 2020. (Barclays Wealth Insights, A Question of Gender, Barclays Wealth)

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