A new initiative has been launched to provide women’s sport in England with an investment boost.
The new Women’s Sport Investment Accelerator is being provided by the Department for Business and Trade (DBT) and has been created in association with Deloitte’s Sports Business Group and is supported by the International Working Group (IWG) on Women and Sport.
Running for a year starting from autumn 2023, the accelerator will bring together UK-based women’s sports rightsholders who are seeking investment – leagues, teams, competitions and events – together with industry experts and sports investors.
It will provide a series of sessions offering market insights, connections and networking events alongside comprehensive mentoring for rightsholders who are looking for investment.
The application process is now open to rightsholders of any UK-based women’s sports leagues, teams, competitions or events aiming to attract investment and boost their growth.
The scheme is being delivered through DBT’s partnership with Deloitte, who are providing event space and facilitating several of the scheme sessions.
Investment in women’s sport is growing rapidly and the popularity of the Lionesses’ run to the final of the Women’s Football World Cup demonstrated the scale of the opportunity available, in an industry expected to be worth over £1 billion a year by 2030.
Nusrat Ghani, Minister for Industry and Economic Security, said: “We want to make the UK the world’s top destination for women’s sport investment, and with this new scheme we can build on the Lionesses’ fantastic World Cup run to help attract investment in women’s sports’ next success stories.
“This is an open goal for women’s sports leagues, teams and competitions looking for backing and will give rightsholders the tools they need to secure investment and drive growth.”
Those seeking investment can apply to take part in the programme via the dedicated website, by 8 September 2023.