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Ethnic minority entrepreneurs and businesses contribute at least £74 billion a year into the UK economy 

Despite the huge challenges they often face, ethnic minority entrepreneurs and businesses make a huge economic contribution to the UK. In fact, they contribute £74 billion a year to the UK economy based on a recent study by global think-tank Open Political Economy Network (OPEN), commissioned by MSDUK, a Leicester-based membership organisation that champions diversity and inclusion in public and private-sector supply chains.

The subsequent report, titled Minority Businesses Matter, found that ethnic minority businesses make six specific contributions:

Help combat the Covid-19 crisis | Fuel technological progress | Promote innovation | Increase export figures Enhance environmental sustainability | Contribute to the transformation of deprived areas

Yet, these contributions are often overlooked by policymakers, the wider business community and the public.  

We invite you to join us on 31st March at 1-2pm GMT for an interactive conversation with the Enterprise Academy, OPEN and prominent Black entrepreneurs to discuss the state of Black businesses in the UK as well as unpack what more can be done to showcase the success and economic contributions these businesses.

We'll be streaming on LinkedIn and Facebook!