Women are only half as likely as their male counterparts to start a new business and just a fifth of small firms are led by females.
That’s according to the Government which thinks there may be “unfair obstacles” preventing women from starting their own firms, meaning there is a “significant pool” of untapped talent.
The Government has requested a review into the issue from Alison Rose, head of RBS commercial and private banking.
She said that it is ‘unfortunate’ that women represent just a third of entrepreneurs in the UK, according to a report by the BBC.
It was estimated last year that less than 20% of SMEs were majority-led by women and that females make up just 27% of full-time chief executives and senior officials.
Respondents to a survey by Unilever said that were too few female role models in business.
The survey found that females who did start companies commonly came across discrimination, for example, investors being less willing to invest.
The Treasury has now said it will consider how to increase the number of females engaging in entrepreneurship. Its review is set to be published in spring.