A recent All Party Parliamentary Report shows Black, Asian and Minority Ethnic (BAME) businesses have been disproportionately hit by Covid-19.
BAME communities are at greater risk of dying if they contract the virus – but face greater exposure because of the businesses they tend to run.
And nearly two-thirds said they had been unable to access government funding, according to research commissioned by a cross-party group of MPs.
Diana Chrouch, special advisor to the All-Party Parliamentary Group (APPG) for BAME business owners, said: “The impact to the economy would be astronomical if a significant number of BAME-run businesses had to close. It could easily lead to a loss of billions of pounds.”
There are reported to be 250,000 firms led by ethnic minority entrepreneurs, contributing around £25 billion a year to the economy. Read full article here.