YOUR BUSINESS SPRING 2019 - 17

Change of heart

More than one-third of SME owners who voted leave would change their
vote on Brexit, with nearly 70% of all SME owners claiming the process of
leaving Europe has been "much harder and more chaotic than anticipated".
A survey carried out by Rebootonline.com surveyed 1,934 SME
owners, asking them how they voted in the 2016 EU Referendum vote.
It found 53% voted to remain, while 47% opted to leave. When asked,
"Regarding the current progress made, would you revoke your vote?"
34% of leavers declared yes, if they had the choice again they would
revoke their vote on Brexit and choose to remain a part of the EU.

Moving on

One in three British businesses has already
moved part of its business abroad or is planning
to do so because of Brexit.
The Institute of Directors (IoD)
warned that 29% of firms in a survey
of 1,200 members believed Brexit
posed a significant risk to their
operations in the UK and had either
moved part of their businesses abroad
already or were planning to do so.

Back to Britain

SME manufacturers
are looking to the
UK for their supplier
base, with a significant
number considering
seeking new suppliers
in Britain rather
than elsewhere.
SME owners were
asked for the UK
SME Manufacturing
Barometer about what
they were going to
do about suppliers
after Brexit, and it
revealed how the
challenging economic
and industrial climate is
pushing them to carry
significant risks as they
move their supplier
base out of the EU.
More than one-quarter
(27%) said they were
considering relocating
supply currently sourced
in the EU to elsewhere
- importantly, nearly
20% of these said they
would instead seek these
suppliers within the UK.

Never stop asking
yourself whether you
can do things better.
Keep testing every
aspect of your
business and
challenge every one of
your assumptions.
The tougher you are
on yourself now, the
tougher your business
will be out there in
the real world.
James Caan on Twitter

Toasting success

The nominees for awards
celebrating women in business
have been announced
The following women have been
shortlisted for the 2019 Veuve
Clicquot Business Woman Award,
the UK's longest running award
for female business leaders
BUSINESS WOMAN AWARD
Alex Mahon CEO, Channel 4
Jo Whitfield Retail chief
executive, Co-op
SOCIAL PURPOSE AWARD
Sherry Coutu Founder and
CEO, Founders4Schools
Cecilia Crossley Founder,
From Babies with Love
NEW GENERATION AWARD
Susie Ma Founder and
CEO, Tropic Skincare
Poppy Gustafsson CEO, Darktrace
The winners will be
announced on 23 May

Funding for women

UK banks and investment funds should be investing
in the next generation of female business owners,
according to NatWest deputy CEO Alison Rose.
The Rose Review, led by Rose, revealed that
female-led businesses receive less funding than
those headed by men at every stage of their
journey. Less than 1% of UK venture funding
goes to all-female teams and just 4% of deals.
Women launch businesses with 53% less capital
on average than men, are less aware of funding
options and are less likely to take on debt.
"I encourage all relevant financial institutions to
take steps to improve how they allocate funding to
female entrepreneurs," said Exchequer Secretary
to the Treasury Robert Jenrick in response to
the review. The government has launched a new
Code for Investing in Women to increase female
entrepreneur numbers by 50% to 600,000 by 2030.

17
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YOUR BUSINESS SPRING 2019

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