Invest in Women Taskforce Secures 250m Euros from Barclays, Morgan Stanley & Others

In a recent announcement, it has been revealed that Invest in Women Taskforce has secured more than £250m from investors that includes Barclays, Morgan Stanley and Aviva for funding the assistance of women entrepreneurs.

A commitment of £50m has been made by Barclays, M&G, British Business Bank and Aviva, each with BGF and Morgan Stanley with a contribution of £25m as well as Visa Foundation chipping in £5m.

The announcement has been made following a Taskforce Data that reveals all-female founded businesses receiving only 1.8% (£145m) of equity investment’s total value in the initial half of 2024, showing a fall from 2.5% in 2023.

Chancellor Rachel Reeves stated, “We all, including myself as the first female Chancellor, have a responsibility to make the economy work better for women. Initiatives like the Invest in Women Taskforce funding pool are a fantastic example of the public and private sectors working together to help unlock the potential of female founders and seize opportunities to fire up the government’s number one mission of economic growth.”

Adding to the statement, Invest in Women Taskforce co-chair Debbie Wosskow said, “Female entrepreneurs and investors have been sidelined for too long – they are two sides of the same coin. It’s time we rebooted the system and gave female investors the power to drive change, and funds like the ‘Women backing Women’ fund is how we do it.”