The Gender Index 2023

Slater, Aaron and Ates, Aylin and Shaw, Eleanor and Lassalle, Paul and Mwaura, Samuel (2023) The Gender Index 2023. The Gender Index, [London].

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Abstract

Building on our inaugural report, The Gender Index Report 2023 has been expanded to include generational analysis, diversity and access to early stage investment seen through the use of EIS funds. This analysis is possible through the combination of machine learning technology and big data to create unique insight and analysis. This report covers 8m+ unique directors, 4.5m+ active companies and 1,276 Venture Capital and Private Equity investors and it highlights the ongoing challenges for female-led companies accessing all forms of external capital. This is an issue being addressed nationally by the Rose Review, supported by the Investing in Women Code and by initiatives across the home nations. As you will read, in 2022/23, 17.3% of all active UK companies were femaleled. This is an improvement of 0.5% on last year and whilst it might look small, it is highly significant growth given the increase has come during a very challenging time, post-Covid and amid tough economic conditions. In this report we’ve identified and analysed ethnic minority-led companies in the UK. We know that women are under-represented but equally, ethnic minority-led companies are an under-represented group, too. From our analysis, it’s heartening to see Generation Z female founders closing the gender gap and we can see how important access to EIS funding is to early stage companies. This is a significant area of opportunity and our work with the EIS Association reaffirms the potential positive benefits for the UK. There is much innovative work happening around the UK to support women as they start and grow their companies - we’re delighted that The Gender Index is able to support this innovation.

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