Business: Ownership

(asked on 1st December 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what information his Department holds on the number of businesses in Denton and Reddish constituency that are BME owned.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 6th December 2022

The Government does not hold regional information on the proportion of BME-owned businesses in Denton and Reddish. The Government is aware of the challenges faced by ethnic minority businesses and is taking action to support them and working with stakeholders to agree interventions to improve access to finance. Since its launch (2012) the Start Up Loans programme has issued around 20% of its loans to Black, Asian, and Ethnic-minority business.

We are also delivering actions set out in the Inclusive Britain report (2022), which aim to support ethnic minority entrepreneurs. Ministers regularly engage with ethnic minority business leaders and networks to better understand the issues facing them.

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