Members of the UK business community have signed an open letter asking the Government to extend its funding deadlines for start-ups in the wake of the pandemic.

The letter particularly focuses on the challenges facing women business founders during COVID-19, as research by the International Monetary Fund suggests the pandemic has the potential to roll back 30 years of economic progress for women. Meanwhile, the Alison Rose Review of Entrepreneurship found that funding was a key barrier holding UK women back from starting or scaling businesses, and recommended increasing funding directly to female entrepreneurs.

The open letter is led by Nottingham-based women’s start-up, accelerator and investment movement We Are Radikl and calls for changes to the Government’s Seed Enterprise Investment Scheme (SEIS).

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