Technology firms like Accenture also assisted in the report, alongside the EEF - a manufacturing body - and the British Banking Association.
The government has shown a commitment to women's entrepreneurship by appointing an ambassador and adding a dedicated page on the Great Business website. Tax-free childcare, employment allowance, shared parental leave have eased the burden for mothers in business.
However, the latest figures quoted in the report show that only a fifth of firms are owned by women.
"Women's entrepreneurship is a huge potential growth area which will benefit from increased government attention", Burt added.
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