Janusz Wojciechowski, Member of the Commission. – Mr President, I would like to thank rapporteur Weiss and the FEMM Committee for this own-initiative report. It confirms the Parliament’s relentless dedication to women’s economic empowerment, and its crucial insight on what remains to be done.
The European Commission is well aware that the gender gap in entrepreneurship has been lessening way too slowly over the past years. It is also known that woman entrepreneurs are more likely to operate smaller businesses or on a part-time basis, to have fewer employees and lower levels of financial literacy.
Clearly, gender stereotypes still pose significant barriers to women’s entrepreneurship. Further, in order to encourage women to access the labour market or to be self-employed, we need to ensure the implementation of the Work-Life Balance Directive; accessible and quality childcare needs to be available in all Member States.
Through its entrepreneurship policy, driven by the Green Deal, the SME strategy, the new skills agenda and the digital education action plan, the European Commission is doing its utmost to accelerate and deepen the shift towards a more balanced world for entrepreneurship.
In accordance with the Commission’s gender equality strategy 2020-2025, the SME strategy emphasises that educational and upskilling activities are essential for all SME managers and employees, with a particular focus on empowering women and girls to become founders.
Several projects on entrepreneurship education founded by the EU programme for the competitiveness of enterprises and small and medium—sized enterprises and the single market programme are being implemented on the ground with the aim, for example, to promote competencies, role models, improve access to network and mentoring.
Regarding access to funding, the Commission is currently negotiating with the European Investment Bank Group a gender-smart financing initiative under the InvestEU programme. The goal here is to provide financial incentives to female businesses, business angels and support gender investment strategies.
In terms of learning opportunities, there is a clear deficit of women in information and communication technologies and in science, technologies, engineering and mathematics. According to the OECD programmes for international student assessment, boys and girls are almost equally likely to work in a science-related field. However, with age and at higher levels of education, girls tend to steer away from the STEM and ICT subjects and are more likely to choose careers in the social and environmental sciences, as they perceive the former to be less people-oriented and to add less value to society.
To address this complex reality, the Commission has put in place a series of STEM festivals, a project that is supporting girls and women to enhance their digital and entrepreneurial competencies to create value and solve social challenges in different economic sectors.
Last but not least, with the support of the European Parliament pilot project, the Commission is putting in place learning support for entrepreneurs facing the challenges for going green and digital. The e-learning platform will give entrepreneurs and would-be entrepreneurs the opportunity to learn and acquire entrepreneurial digital and sustainable competencies. Here also a special section will be dedicated to the needs of women entrepreneurs.
The latest project is a token of the Commission and Parliament’s shared willingness to work alongside to help women overcome all these barriers. Your own-initiative report clearly paves the way for the European Union, where women’s entrepreneurship will finally be perceived as what it truly is: a catalyst for a more prosperous and fairer society.
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Want more growth and jobs? Give women a chance!
“There is an unexploited potential for economic growth and more innovation that can make Europe much stronger. For this, we need to invite and fertilize the foundation for making more women become entrepreneurs and self-employed”, urged Pernille Weiss MEP, author of the first Report in the European Union suggesting a comprehensive toolbox of initiatives that can boost entrepreneurship among women in the EU.
Pernille Weiss has been an entrepreneur and company owner for 12 years herself. “I know from my own experience that there are many women willing to participate in European business development, but we have a challenge at the moment. If we look at the data - with women making up half of the EU population - only 34.4% of the EU self-employed and 30% of start-up entrepreneurs are women.”
However, if women and men participate equally as entrepreneurs, global GDP could rise by approximately 3% to 6%, boosting the global economy by $2.5 trillion to $5 trillion, according to an analysis conducted by the Boston Consulting Group.
Janusz Wojciechowski debates women's economic independence
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eudebateseconomic growthwomanwomeneconomyindependenceJobsEntrepreneurshipgrowthentrepreneursself-employedPernille Weiss MEPfirst Report in the European Unionentrepreneurshipwomen in the EUentrepreneurcompanycompany ownerbusiness developmentEU populationstart-upstart-up entrepreneursglobal economymarkets growinnovationEuropean competitivenessUkrainemigrationEU valuesdemocracyhuman rightseconomic independenceJanusz Wojciechowski