One in ten women lacks the confidence to start a business

One in ten women want to start their own business but lack the confidence to do so, new research suggests.

According to a survey by Development Economics and YouGov, on behalf of Facebook, 24% of budding businesswomen feel they do not have the business skills needed to launch a company, and 37% said they do not feel ready to start a business.

Access to finances was an issue for 34% of respondents, while 72% of women said they could not identify a female role model running a similar business to the one they would like to set up.

Sandra Dexter, National Vice-Chair of the Federation of Small Businesses, said: "The world of business is changing. There is now a record number of UK smaller businesses and the self-employed, and at FSB, we have seen more and more women set themselves up in business and join us."

Facebook is set to launch a campaign aimed at providing advice, information and support for female entrepreneurs.

The company's spokesperson Nicola Mendelsohn said more needs to be done to support women in business.

The survey questioned 4,241 adults including 2,232 women.