Half a Million Pounds to support womens enterprise
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Released 30 Oct 2008
The first ever national Women's Prowess Policy Centre (PNPC) will be launched
by the Government today at a reception at Number 11 Downing Street.
The new policy centre which is receiving over £500,000 of funding from the
Department of Business is the first of its kind in Europe and will act as a
'one-stop' shop for the latest in women's enterprise-related research and
The PNPC will drive up the number of female entrepreneurs in the UK by
promoting best practice and raising awareness and understanding of women's
entrepreneurship across Government, the Regional Development Agencies (RDAs),
Financial Institutions and Multi-National Corporations.
Support for the centre follows on from a commitment made by the Government in
its Enterprise Strategy in March, to further promote and support the development
of women's enterprise.
Minister for Competitiveness and Small Business, Shriti Vadera said:
"There are 20% more people in enterprise in the US than in Britain, and the
majority of that gap is made up of women. Getting more women entrepreneurs is an
economic issue not just an equality issue. If we were to match US levels of
women's enterprise there would be 900,000 new businesses in the UK.
"There is a wealth of untapped talent and economic opportunity that could
significantly boost the economy in these uncertain times. The Prowess National
Policy Centre marks the Government's strong commitment to support women in
Financial Secretary to the Treasury: Rt Hon Stephen Timms MP said:
"Boosting women's enterprise will be a major plus for the economy - that's
why we are increasing Government support.
"The establishment of the Prowess National Policy Centre is a milestone in
the development of women's enterprise, providing a focal point for research and
a centre of expertise in policy"
1. The Centre will be co-located in Birmingham and London and is managed by
2. The Prowess National Policy Centre (PNPC) is receiving £540,000 of finding
from the Department of Business, Enterprise and Regulatory Reform (BERR) to
March 2009. No decision has yet been taken on whether further funding will be
provided for the period 2009/10 and beyond. Ultimately, the Prowess National
Policy Centre (PNPC) will need to become self-funding.
3. The Prowess National Policy Centre (PNPC) is to be managed by Prowess
http://www.prowesspolicycentre.org. uk. PROWESS is a UK-wide advocacy
network that supports the growth of women's business ownership through the
development of an effective women-friendly business support infrastructure and
enterprise culture. We achieve this by raising awareness, providing capacity
building support to organisations which provide enterprise support services and
by lobbying and advocacy at national, regional, European and local levels.
4. The Department for Business Enterprise and Regulatory Reform helps UK
business succeed in an increasingly competitive world. It promotes business
growth and a strong enterprise economy, leads the better regulation agenda and
champions free and fair markets. It is the shareholder in a number of
Department for Business, Enterprise & Regulatory Reform
7th Floor, 1 Victoria Street, London SW1H 0ET
Public enquiries +44 (0)20 7215 5000
Textphone +44 (0)20 7215 6740 (for those with hearing impairment)
About the Author
© Crown Copyright. Material taken from the BERR- Department
for Business, Enterprise and Regulatory Reform replacing DTI - Department for
Trade and Industry. Reproduced under the terms and conditions of the Click-Use
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Article Published/Sorted/Amended on Scopulus 2008-11-01 12:09:30 in Business Articles