The Department for Business and Trade has published its annual Investing in Women Code which finds that venture capital fund managers who have signed up to the Code are more likely to invest in female founders.

32% of all venture capital deals made by Investing in Women Code signatories were in female-founded companies last year, compared to the market average of 28%, revealed in the latest report published today. This is the fourth year in a row that Investing in Women Code signatories have outperformed the wider market.