Minority Business Barriers To Accessing Finance & Banking
The APPG for BAME Business Owners has been invited to give evidence to the Parliamentary inquiry into fair business banking and the barriers that minority business owners face
The inquiry is being undertaken by the APPG for Fair Business Banking with a cross party panel of MPs to try to ascertain what the business lending market is like for SMEs.
Action-Led Approach to Solutions
The APPG for BAME Business Owners was invited to take part in the Inquiry as a result of its action-led approach to finding solutions. This work involves a collaboration with the banking sector to break down the barriers which disproportionately impact Black, Asian and Minority Ethnic Business Owners when trying to access banking services and financial products
The objective of the Parliamentary inquiry is to make specific recommendations about the actions needed to boost diversity in the business lending market in order to broaden options and improve access as a part of the government's levelling up agenda.
"Levelling up: Financing and capitalising the UK’s SMEs" Inquiry
Key themes to be examined include:
● Understanding the experience of small businesses seeking to take out a business loan
● Understanding the decisions facing small businesses who are rejected by mainstream lenders
● Understanding the wider social and economic consequences of a lack of access to finance for small businesses
● Understanding whether businesses feel their needs are met by the current market
Diana Chrouch - Special Advisor for the APPG for BAME Business Owners will be giving evidence at 930 am on the 22nd June 2021 and you are invited to attend. There are a limited number of spaces so to book please click here
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