Drive to increase female angel investors from 14% to 30% in UK

Debbie Wosskow Jenny Tooth and Dale Murray

Over 120 high-flying women from around the country convened in London this week at the first Women in Angel Investment Summit, arranged by the UK Business Angels Association (UKBAA) and hosted by Grant Thornton.

The event was part of a major new campaign by UKBAA to increase the proportion of women angel investors in the UK from 14% to at least 30% over the next two years.

Debbie Wosskow, co-founder and chair of AllBright, who sold her business Love, Home, Swap for $53million over the summer, provided her views on the criticality of women investors backing female founders.

Dale Murray CBE told her personal account of her journey from successful tech entrepreneur to angel investor.

They were joined on panels by Meganne Houghton-Berry, recently awarded UK Angel Investor of the Year 2017-18, and a number of women angel investors and founders who expressed their enthusiasm and passion for backing high-growth businesses.

Jenny Tooth OBE, CEO of UKBAA, comments: “Women own over 48% of the UK’s wealth and are achieving considerable success in their professional lives, with 23.6% of FTSE 100 directors being women.

“Yet so many of these women are missing out on the opportunity to use their financial capacity and business acumen to invest in the growth of early-stage businesses, especially those led by female entrepreneurs.

“At present the vast majority of angel investors are men: currently only 14% of the UK’s angel investors are women and this is clearly a cultural issue, not a lack of finance.”