Women carry out 66% of the world’s work
But earn 10% for the world’s income
Yet they will reinvest 90% of their income back into their families and communities
There is overwhelming evidence that achieving equality and empowerment for women has both immediate impacts that benefit them directly and broader ripple effects that are good for society.
As pillars of their communities, women invest a sizable portion of the income they earn on the health and education of their children and in their local economies, creating a tremendous economic impact.
In other words if women are given the opportunity to earn, they will support their families and communities creating a better, fairer and more fulfilling life.
There is a problem: Gender Inequality in Scotland
• In Scotland, if the numbers of women-led businesses increased to equal those of men, our national bank balance would grow by at least 5% or £7.6 billion.
• As it stands, the Rose Review found that only one in three entrepreneurs are female a gender gap equivalent to over one hundred thousand fewer female entrepreneurs in Scotland
• Women have less access to resources, and have less financial independence than men.
• Scotland’s persistent gender pay gap of 15% means that women earn less than men; are concentrated in low-paid, stereotypically female jobs are twice as dependent on social security; and more likely to live in poverty.1
• Women shoulder the burden of unpaid care in the home and comprise the majority of workers in the care sector. The care sector is very low-paid, because it is female-dominated, and the skills required to be a care worker are intrinsically undervalued because they are perceived to be inherent in women.
1 Source – Engender, Close the Gap Response to the Scottish Government consultation on a Scottish National Investment Bank November 2017
• 26.5% of Women in Scotland are economically inactive, this is 8.2% higher than men
Provided FREE training and support – 195 women
We estimate that this programme has ploughed more than £1.2million into the local economy giving an £8 social return for every £1 invested.
None of this would have been possible without the investment of Coca-Cola and the business community.
Over £500,000 of in-kind support has been invested into the development of 170 women who have benefited from our programme. We have celebrated the launch of 90 new business, supported more than 50 women who were stuck in their business ‘get unstuck’ and we have opened positive pathways who those who decided that business was not for them. In addition, 50 new jobs have been created alongside countless volunteering opportunities.
We estimate that this programme has ploughed more than £1.2million into the local economy giving an £8 social return for every £1 invested. None of this would have been possible without the investment of Coca-Cola and the business community.
Dundee and the wider Tay Cities Region are in the middle of a period of economic regeneration and the sense of ambition and energy is palpable. However much of this is not reaching those most in need. Women face an unfair amount of societal challenges that prevent equality, opportunity and prosperity.
WBS aim to work with local and national partners to tackle these issues:
Dundee’s population sits at 149,000 of which 52% are female.
Dundee has the second highest rate unemployment rate for any British City
Dundee has a higher than national average for unemployment for females
Dundee also has a lower than average rate of females in self-employment
The full time weekly wage in Dundee excluding overtime is £538 for men and £455 for women (NOMIS) a difference of £4,316 per year
Full time hourly rate in Dundee is £13.49 for men and £12.52 for women a difference of £1,916 per year (NOMIS)
Dundee has highest Drug Rates in Scotland, of that 41% are females compared to national average of 29% (Dundee Health and Social Care Partnership)
Domestic Abuse figures in Dundee 32% above the national average. (SG Crime and Justice Report)
Carers (looking after a relative at home) in Dundee are made up of 60% of women
Mental Health Figures, Dundee has highest national figs in Scotland of which 57% are women (report as above)
Small and medium-sized businesses are essential to economic recovery, and female-led enterprises will play a key role in this area. However access to the right enterprise education, training and support for marginalised and economically inactive women did not exist in Dundee, until now!