More entrepreneurship but more barriers New research finds big racial disparities facing black business-owners getting access to investment by S_Fleary1
BLACK BUSINESS RESEARCH: Several key and leading figures in Black British business
The research was inspired by the channel’s award-winning Black To Front Project tohelp create real, tangible change for Black-owned businesses across the UK. The research also showed a huge difference between how much funding people believe Black businesses receive compared to how much investment actually goes into Black-owned companies.
“The vision is to level the playing field, achieve Economic Inclusion for Black Owned Businesses and to prove that with the right levels of support they can successfully and sustainably contribute to the growth of the UK’s economy. Having worked at Channel 4 for nearly 20 years, I’m proud that this research is fully backed by the business.”
The study found that 46% felt they could always run a successful business in comparison to 29% of white entrepreneurs. A staggering 71% expressed they always wanted to be their own boss compared to only 54% of white respondents. Ms Forbes said: “With advertising being identified as one of the vital parts to business success, we will continue to create more visibility for Black-owned businesses on UK’s high streets through our Clear Channel Compass initiative in line with our on-going commitment to be both a Platform for Brands and a Platform for Good.”
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