By Daniel Hunter
BoostCapital.co.uk has launched a £10 million fund to support the growth ambitions of female entrepreneurs, in time for International Women’s Day.
As many female entrepreneurs find it moredifficult to access finance than their male counterparts, Boost Capital’s targeted strategy will enable the business finance provider to further develop its hands-on client relationships with the growing number of female entrepreneurs.
The fund will support businesses in a variety of sectors, including hospitality, salon and spa, restaurant and pub, garage, dental and independent retailers and provide an affordable alternative to bank lending.
“The UK has a thriving community of female entrepreneurs, but many struggle to secure the suitably-priced funding theyneed to take their business to the next stage. We will work closely with our clients and their advisers in multiple sectors to raise awareness throughout these industries that there are other lending options out there," David Abbott, managing director of Boost Capital, said.
“By establishing this fund, we have a great opportunity to make a real difference to the growing number of female entrepreneurs with capital injections that can be used for any business expense, from renovations to acquisitions.”
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