New report: Funding women entrepreneurs: How to empower growth
Women are at the forefront of our fight against the coronavirus pandemic, representing 70% of the health and social sector workforce globally. As our economies are facing an unprecedented recession, a massive and coordinated response is required to avoid leaving the economy badly scarred for longer. Women could play a decisive role in the recovery as well. Considering gender equality and empowering women entrepreneurship could help to accelerate and fortify our recovery, especially given that women-led businesses tend to be more productive, faster-growing and innovative. Empowering women’s participation in the labour market and encouraging entrepreneurship could thus add billions to the economy. According to the European Commission, improvements to gender equality could create 10.5 million jobs by 2050 and boost the EU economy by between €1.95 and €3.15 trillion.