Saturday, December 5, 2020

British Business Bank leading group to feed into PM’s Commission on Race and Ethnic Disparities

Sheffield’s British Business Bank has been commissioned by Number 10 to convene an industry-wide Working Group on Access to Capital, which will explore the barriers to entrepreneurship and access to finance that impact groups currently marginalised or under-represented across the UK.

The recommendations will feed into the ‘Employment and Enterprise’ sub-group as part of the Commission on Race and Ethnic Disparities, set up by the Prime Minister in July 2020 to review inequality in the UK.

In addition to employment and enterprise, the Commission’s sub-groups will focus on education, health and the criminal justice system.

“Creating more opportunities for people from all walks of life to make the most of their skills and talent is vital to the success of the UK and its economy,” said Catherine Lewis La Torre, CEO of British Business Bank.

“Entrepreneurs, regardless of their background, should be equally welcomed and supported in the world of business. However, who the person is and how they fit in to the society around them can too often impact the range of options open to them as well as the barriers they face.”

The Working Group draws upon expertise from the entrepreneurial, academic, investor, start-up and small business banking communities to shine a light on these issues.

It will make tangible recommendations to the Commission and Number 10 on how to create more equality of opportunity for the UK’s Black, Asian and Other Ethnic Minority entrepreneurs.

The Working Group is comprised of leading experts from across the financial sector and is chaired by Henry Obi, Partner at Helios Investment Partners.

Recommendations from the Working Group will be delivered by the end of October 2020 and will be practical, deliverable, and grounded in evidence.

It will consider the ways in which existing access to finance schemes could be enhanced, as well as how new schemes could be implemented to address these issues.

They will call on a range of organisations to act, including central and local government, the British Business Bank, financial services providers, universities to the private sector.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Multi-million pound deal secured for Hull redevelopment

ASG Finance has supported Krish Ventures with a multi-million pound loan facility in support of its new residential property development. The deal covers the acquisition...

York company IDs an eco-friendly counterpart for acquisition

Two months after expanding into the UK, cards-x has acquired Preston based Evohold, an eco-friendly manufacturer of ID card holders. cards-x supplies security products, ID...

Property company’s new venture makes first acquisition

Yorkshire based In-site Property Solutions has created a new company to invest in projects and organisations that have solutions for societal and environmental problems. The...

Online car retailer secures prominent Doncaster site

Fisher German’s commercial property agency team has secured a significant deal for a site in Doncaster for online used car retailer, Cazoo, as part...

COVID advice and guidance from Streets in latest Business Support Update

In its latest business support update, Streets Chartered Accountants highlight the need to be ready to do business with the EU from January 2021,...

Inspired to change the marketing game – duo launches “disruptive model for the distributed economy”

A Sheffield marketing expert is returning to his roots, as he launches what he describes as a reinvention of the marketing function for the...

Related news

Multi-million pound deal secured for Hull redevelopment

ASG Finance has supported Krish Ventures with a multi-million pound loan facility in support of its new residential property development. The deal covers the acquisition...

York company IDs an eco-friendly counterpart for acquisition

Two months after expanding into the UK, cards-x has acquired Preston based Evohold, an eco-friendly manufacturer of ID card holders. cards-x supplies security products, ID...

Property company’s new venture makes first acquisition

Yorkshire based In-site Property Solutions has created a new company to invest in projects and organisations that have solutions for societal and environmental problems. The...

Online car retailer secures prominent Doncaster site

Fisher German’s commercial property agency team has secured a significant deal for a site in Doncaster for online used car retailer, Cazoo, as part...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close