Budget 2025: Steps Forward for Women in Tech & STEM 💻🔬
Today's Budget included some welcome measures that could help advance women's participation in tech and STEM sectors.
The highlights:
💡 £4.5m for Women in Innovation Awards - UKRI's new funding round recognises what we've long known: closing the gender gap in entrepreneurship could add up to £250bn to the UK economy.
📚 £1.5bn+ for skills investment - The Youth Guarantee and Growth and Skills Levy includes targeted packages for engineering (£182m), digital skills (£187m), and other STEM sectors - crucial for building a diverse talent pipeline.
🚀 Business investment support - Expanded Enterprise Management Incentives for employee shares, increased Enterprise Investment Scheme limits for external investors, and higher Venture Capital Trust investment caps all aim to unlock capital for businesses at various growth stages.
🤖 £2bn AI & digital infrastructure investment - From supercomputers to AI Growth Zones, presenting real opportunities for women in emerging tech fields.
While these measures are positive steps, we know there's more to do for women specifically. We're committed to working with government to ensure:
✅ Women in tech benefit equally from these
✅ Funding reaches diverse founders and innovators
✅ Skills programmes actively recruit and retain women in STEM
We'll be continuing our conversations with policymakers to champion women's advancement in tech and STEM.