The partnership aims to strengthen support for FFR’s 12,000-plus members as they grow and scale their businesses, bringing together Nationwide’s commitment to support businesses and local communities with FFR’s mission to support early-stage female founders, from idea through to their first million.

The Rise Report, one of the largest grassroots studies of female entrepreneurship in the UK, found that up to £310 billion of new value could be added to the UK economy if women started and scaled businesses at the same rate as men.

Hannah Bernard, Director of Business Banking at Nationwide, said: “Female-led businesses make a vital contribution to the UK economy, driving growth, innovation and creating jobs but too many still face barriers.

“We’re proud to be working with Female Founders Rise to help female business owners build successful, sustainable organisations, while also strengthening our support for UK SMEs more broadly.”

Emmie Faust, Founder of Female Founders Rise, said: “Nationwide’s purpose-led approach and commitment to supporting long-term prosperity for its members and communities aligns closely to our values. That’s why this partnership is such a strong fit. We already support 12K women, and with Nationwide as our banking partner we can help so many more across the UK.”