Tide Report: Over 50% of Women Say Access to Capital is Problem to Starting a Business

UK-based Fintech Tide has published a survey that indicates women founders find it difficult to access capital.

According to the survey, limited access to capital is the top issue for starting a business.

Tide reports that more than half, or 53% of women across the UK find it challenging to start their own business, with limited access to finance as the most significant barrier.

Tide states that all female-led firms account for 20% of new businesses created in the UK during 2022 – a record percentage. Yet, women still find it harder to access capital, citing gender 19% of the time.

When you take minority status into consideration, Tide claims:

“More than 2 in 3 (68%) Black female business owners find the process of launching a new venture hard –  they are 20% more likely to find it challenging than their white and Indian counterparts (49%). Regionally, women based in Northern Ireland (73%), Scotland (64%) and the North East (59%) find it the toughest to start a business.”

Heather Cobb, SVP of Member Engagement at Tide, said they have met their target of onboarding 100,000 female led businesses a year early as they originally sought to accomplish this milestone by the end of the yare. She added that there is still a long way to go in improving entrepreneurship for women.


The top roadblocks for UK women launching a business are as follows:

1. Not able to secure investment, loan or money from friends/family 54%
2. No business mentor or a role model 11%
3. Limited knowledge on how to set up a business 9%
4. Lack of self-confidence 8%
5. Limited knowledge of the business areas 7%


The top UK regions where women are struggling to access finance*:

  1. Yorkshire and Humber
  1. Scotland
  1. Northern Ireland
  1. West Midlands
  1. East England

*% of women in this region who are struggling to access finance when starting a business.

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