BLACK WOMEN IN
BUSINESS 48 entrepreneurcountry
E
thnic minority businesses contribute in the region of £40 billion to the UK economy.
However,
Government research shows while almost a third of black people in England want to start their own business, only 4% actually manage to do so – a level lower than any other ethnic group.
If you then add gender into the mix, time and time again studies illustrate women are less likely to venture into entrepreneurship when compared to men. A recent report by the Office of National Statistics revealed entrepreneurial activity is higher for men than it is for women in every single region of the United Kingdom.
So, back to the original question, how many black female entrepreneurs do you know? If your answer is ‘not many’ this poses another question:
What can be done to encourage young women of colour to take the leap and start their own businesses in the future?
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