Ethnic Minority Businesses Report

An independent report by BVA BDRC, December 2023

The “Ethnic Minority Businesses and Access to Finance” report was published in July 2013 by the Department for Communities and Local Government. It found that there was no evidence of racial discrimination by banks, however, ethnic minority businesses disproportionately faced challenges which make access to finance more difficult, including: collateral shortages, poor credit worthiness (as assessed through credit-scoring), lack of formal savings, poor financial track record and language barriers.

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