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May 16, 2014

£1 million fund to help women entrepreneurs

£1 million fund to help women entrepreneursBudding female entrepreneurs are set to benefit from superfast broadband with a new £1m challenge fund being launched by the government, enabling them to access new markets and grow their business online.

Minister for women Nicky Morgan unveiled the fund at a visit to Google's Campus for Mums in London this week.

She said: "There are thousands of women running some amazing small businesses all over the UK but they still make up just a fifth of all small businesses. As part of our long-term economic plan for Britain we are determined to do everything we can to support women to start up businesses and create more jobs and opportunities for hardworking people."

The fund will give women "practical help needed to get their businesses online and take advantage of superfast broadband" announced Morgan. She said: "This will include online mentors, business clubs and training courses so that women all over the county can benefit from the kinds of help Campus for Mums is giving."

The fund is part of the government's Superfast Broadband rollout. There are 40 local broadband projects in England already delivering the programme and they will be invited to submit bids to the £1m challenge fund in May 2014.

Other government support for female entrepreneurs includes:

  • £1.6 million to support women's enterprise in rural areas;
  • access to over 15,000 free business mentors;
  • (from next year) the introduction of Tax Free Childcare, giving many self-employed parents access to support with childcare costs.

Google's Campus for Mums is a community of parent entrepreneurs (for dads as well as mums). Google is currently seeking 35 entrepreneurs to join the second round of Campus for Mums to boost their business through workshops, mentoring and talks.

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