Press Release

Response to the budget

13th March 2008

Sir,

I welcome Darling’s announcement that a capital fund of £12.5 million has been set up to help women entrepreneurs. The Sainsbury’s Management Fellows’ Society, set up to develop UK engineers into business leaders, provides talented women engineers with bursaries to gain MBAs from internationally renowned business schools. Many of which have gone on to setup their own businesses.

It has been shown that women who have had business training at school or university are two-and-a-half times as likely to become entrepreneurs. The fastest route to boosting the number of women becoming entrepreneurs has to be by enabling them to gain first class business training, namely in the form of MBAs.

My concern is the capital fund will not go far to encourage women to see setting up their own business as a viable option. Measures such as promoting business mentoring, work placements and access to business support do not go far enough to change attitudes towards women as entrepreneurs. Women need greater access to internationally respected business qualifications.

Yours faithfully,

Dan Mutadich

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