York’s Women Entrepreneurs Battle Funding Gaps and Bias in New Report

A new report has revealed the persistent challenges faced by women entrepreneurs in York and North Yorkshire. The study, shaped by local businesswomen, shows that men are nearly twice as likely to be self-employed in the region, with over 23,000 fewer women working for themselves compared to men. Experts now argue that closing this gap could unlock major economic benefits.

The York & North Yorkshire Local Enterprise Partnership (LEP) developed the findings after consulting female entrepreneurs about their experiences. One of them, Lyndsay Mitcheson, founded Neo Walk—a company designing custom walking sticks—after losing her leg to a severe MRSA infection. She described facing imposter syndrome and struggling to be taken seriously as both a woman and a disabled entrepreneur.

The report also highlights stark funding disparities. Female-led organisations in the region raised just £62,000 in equity, while male-led businesses secured £3.8 million. These barriers, if removed, could generate up to 165,000 new jobs and add £2.6 billion to the local economy.

In response, the LEP has created a 10-point plan to tackle these issues. Andrea Morrison, regional chair for the Federation of Small Businesses, stressed the importance of using data to challenge outdated stereotypes about women in business. The full plan will soon be published, outlining specific actions to support female entrepreneurs across the region.

The report underscores the need for targeted support to help women overcome systemic obstacles in entrepreneurship. If implemented, the proposed measures could significantly boost employment and economic growth in York and North Yorkshire. The LEP’s plan aims to create a more level playing field for aspiring female business owners.