About the project.

The Central District Alliance will be working with employers and employees to analyse women’s work life journeys, understand the barriers that can stop them from realising their full potential and identify opportunities for change.

Why?

We are all facing challenging times and unfortunately many of these challenges disproportionately affect women.

We have the opportunity to reshape society for the better. The best way to grow is to unleash the full power of the whole potential workforce, removing the barriers for anyone who wants to thrive but currently can’t.

An estimated 1.7 million women are prevented from taking on more hours of paid work due to childcare issues (specifically following the pandemic), resulting in up to £28.2 billion economic output lost annually

Female unemployment rates are higher than male and have not recovered as well post-pandemic

Companies in the top quartile for gender diversity on their executive teams are 21% more likely to experience above average profitability than companies in the fourth quartile

Up to 1.7 million women could take on more paid hours of work if the cost of childcare reduced

Why here?

The Central District Alliance is one of the world’s major economic areas with more than 160,000 employees and 17,000 businesses. It is a global epicentre of business, enterprise, tourism and culture. Pre-pandemic, the businesses in the Central District Alliance area contributed 1% of UK GDP.

We can leverage the economic and cultural power of the Central District Alliance’s footprint, as well as its diversity of offer, to create a blueprint for a fairer and more productive economy everywhere.

Why now?

The pandemic disproportionately affected women and we should be as informed and mindful as possible about how we can reshape our society for the better.

We are facing challenging economic times and need to be as bold and creative as we can to drive good, sustainable economic growth. The best way to grow is to unleash the full power of the whole potential workforce, removing the barriers for anyone who wants to thrive but currently can’t.

An estimated 1.7 million women are prevented from taking on more hours of paid work due to childcare issues (specifically following the pandemic), resulting in up to £28.2 billion economic output lost annually

Diversity of UK Boardrooms is improving, near 40% of FTSE 100 board positions are held by women, compared with 12.5% 10 years ago

Companies with more women on their boards outperform their rivals with a 42% higher return in sales, 66% higher return in invested capital and 53% higher return in equity

In 2021, female employees in London were paid 16% less per hour than men. The London gender pay gap is also higher than the UK average pay gap.

48% of women said that they had stopped travelling at certain times of the day due to personal safety concerns

Women-led businesses represent the equivalent to more than one million missing SME businesses and £250bn of additional value for the UK economy

How?

The programme will consider the way women navigate life and work as well as how women navigate the spaces and places where they work. It will compare their journeys to those of men and others around them and consider how gender as well as other factors influence work-life decisions.

It will also seek to identify and amplify stories of positive change and best practice.

Ultimately, we hope to develop a set of actionable but ambitious recommendations to remove or mitigate barriers, either through our own interventions, recommendations for businesses or new policy suggestions.

Our aim to publish a full report and recommendations on International Women’s Day 2023.

About the project.

Why?

An estimated 1.7 million women are prevented from taking on more hours of paid work due to childcare issues (specifically following the pandemic), resulting in up to £28.2 billion economic output lost annually

Female unemployment rates are higher than male and have not recovered as well post-pandemic

Companies in the top quartile for gender diversity on their executive teams are 21% more likely to experience above average profitability than companies in the fourth quartile

Up to 1.7 million women could take on more paid hours of work if the cost of childcare reduced

Why here?

Why now?

An estimated 1.7 million women are prevented from taking on more hours of paid work due to childcare issues (specifically following the pandemic), resulting in up to £28.2 billion economic output lost annually

Diversity of UK Boardrooms is improving, near 40% of FTSE 100 board positions are held by women, compared with 12.5% 10 years ago

Companies with more women on their boards outperform their rivals with a 42% higher return in sales, 66% higher return in invested capital and 53% higher return in equity

In 2021, female employees in London were paid 16% less per hour than men. The London gender pay gap is also higher than the UK average pay gap.

48% of women said that they had stopped travelling at certain times of the day due to personal safety concerns

Women-led businesses represent the equivalent to more than one million missing SME businesses and £250bn of additional value for the UK economy

How?

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