GPI are delighted to announce that we have been featured in the JP Morgan ‘Top 200 female-powered businesses’
The news comes as during the COVID-19 pandemic, women have lost their jobs or left the labour force in greater numbers than men. JP Morgan have a long standing commitment to supporting and promoting female-powered businesses, and this report highlights the changes we are seeing across all markets, globally.
The World Economic Forum estimates that the COVID-19 crisis could set women back half a decade or more. Given the above and the fact that women overall have lower incomes and wealth than men, it is critical to provide them with support. Despite this, female-powered companies account for 6,000 of the 33,000 high-growth UK businesses. A trend that should continue to increase through 2021 and beyond.
J.P. Morgan Private Bank’s list of the top 200 female-powered businesses showcases private UK businesses that have grown sales, headcount or valuation at extraordinary rates. To be eligible, companies must have grown at least one of these metrics and have an observation of this growth in the 12 months prior to 31 October 2020.
“Female-powered companies make up 20% of the high-growth company population.”
The use of three distinct growth metrics allows a range of the UK’s fastest-growing female-powered businesses to be featured, while not overly restricting the opportunity to rank based on company size or sector. Nearly 75% of these businesses have not featured in one of the UK’s major growth lists until now. Of the 200, 114 have a female leader, with GPI one of 114 – and 107 have management teams that are composed of at least half female managers.
GPI are thrilled to be part of this list, and it highlights both the additional challenges needed to be overcome on a daily basis, and the significant achievements made by our Founder and CEO Preeti Patel. The GPI team works tirelessly to provide analytics and innovative solutions for biopharma pricing, market access, and commercial strategy and we are thrilled to be recognised amongst the very best in the UK.