Women in boardrooms / female owned businesses

One way to assess the extent of spend going to female led businesses is to apportion contract value to the female:male leadership ratio.

Take a Cleaning Company 

Its board has 5 members, 1 of whom is a woman

This means it is 20% female led

They win a contract of $1,000,000 

$200,000 of the contract spend can be said to go to women-led.

This logic also extends to women owned businesses.

Take a Tech Company

It has 3 people listed as beneficial owners

1 is a man, 2 are women

This means it is 33% female owned

They win a contract of $300,000 

$200,000 of the contract spend can be said to go to women-owned businesses

By adopting this approach, contract spend going to women-owned and women-led businesses can be aggregated and viewed from a high level perspective. Companies can also be benchmarked against each other, especially larger ones who win multiple public contracts.