Start-ups run by women receive just 0.5 per cent of the total invested by venture capital funds – its lowest level in a decade.
The Investing in Women Code is one of a range of announcements the government will make on Friday to mark International Women’s Day.
Other measures will include action to protect women from “cyber flashing”, which refers to the practice of sending unwanted images of male genitals to women online or on their phones.
A YouGov survey last year showed 41 per cent of 18 to 36-year-old women had received such images, which they found threatening and distressing.
Following its ban on upskirting, the government will now look at options for preventing cyber-flashing.
It will draw on recommendations by MPs on the Women and Equalities Committee, which has called for “a new law on image-based sexual abuse which criminalises all non-consensual creation and distribution of intimate sexual images”.
The changes will be part of a new version of the government’s Violence against Women and Girls strategy. Ministers will also commission research into “what links exist between consumption of online pornography and harmful attitudes towards women and girls” and introduce a statutory code of practice for employers on sexual harassment.