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Mumpreneurs Data in the UK: Mumpreneurs generate £7bn for the UK economy

Health Psychology Management Organisation Services (HP-MOS) is engaged in a European partnership project for two years with seven EU partners to foster the exchange of practices to empower mumpreneurs in Europe. This two-year project is co-funded by the Erasmus+ programme of the European Union (2017-2019).

In the framework of the FEMME project, the businesses run by mothers with children aged 18 or under – is thriving in the UK, generating £7.2bn for the nation’s coffers and supporting over 204,000 jobs. A new report from economic think tank Development Economics, commissioned by eBay, has evaluated the contribution of “mumpreneurs” to the UK and found that the sector is growing at an unprecedented rate.

By 2025, the report claims that the mum economy will generate £9.5bn for the UK and support an extra 13,000 employees, taking the total jobs created by mumpreneurs to 217,600.

The most successful industries for mum-run businesses in the UK Sector Contribution to the UK economy
Heath and care services £1.4bn
Professional, scientific and technical services £1.1bn
Arts, entertainment and recreation £900m
Retail £650m

 

“These entrepreneurial businesswomen are building impressive companies, creating both wealth and jobs while also fulfilling one of the most demanding roles of all – being a mum.”

A quote from Julia Rockett, mother of four and founder of Boho Mama Boutique, says, “One of the biggest benefits of starting up Boho Mama Boutique has been the flexibility it has afforded me, both as a parent and businesswoman,” she said. “Unlike my old office job where I was pinned to my desk from 9 am to 5 pm, I can organize my life around the specific demands of that day.”

Links to visit for further information: HP-MOS: http://www.hp-mos.org.uk/

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