Women’s Enterprise Task Force Contract Launch

Corporate contracts key to new initiative from government task force for female entrepreneurs.

By News Desk
21st February 2008 at 16:01

In its first major initiative since it was established back in November 2006, the government’s Women’s Enterprise Task Force (WETF) has today launched Women In Enterprise Connecting Contracts (WEConnect) designed to make it easier for female business owners to secure corporate contracts.

Although 16% of UK businesses are owned by women, only 3-5% of corporate and public sector contracts are secured by women business enterprises.  As a result the WEConnect initiative will encourage large corporations to look to diversify their supply chains. 

As Pam Alexander, co-chair of WETF and chief executive of SEEDA (South East England Development Agency) says:

There are 620,000 majority women-owned businesses in the UK – that’s more than ever before – but the number of such businesses winning corporate and public sector contracts is still shockingly low.

Practical details on the initiative are sparse as is the WEConnect website which is yet to go live can be found at the WeConnect website [I was initially directed to the wrong site]. It appears, however, that  The scheme will ‘certify’ women-owned businesses and include a site visit to make sure the business is controlled by the female business owner.  The business will then be added to the WEConnect database which should make it easier for it and larger corporates to connect.

WEConnect draws on an original idea from the US – the Women’s Business Act 1988 established to support women’s enterprise development.  The Act in the US has been credited with creating  a significant increase in the number of businesses created and owned by women in that country.

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

Leave a comment

Related Posts

Photostream

Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes

PARTNER PROMOTIONS

If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group