In response to the British business bank report

Mon, 21 Dec 2020 14:17:30 +0000

South West Mutual purpose is to support inclusivity and sustainable prosperity across the southwest region as a community bank for the southwest of England.
We were honoured to be part of their ‘In Conversations with South West Mutual’ where our Managing Director Jabo Butera shared his insights on barriers holding back BAME entrepreneurs in the south-west, things that could be done by local businesses to address positivity towards issues concerning diversity and what banks can do better to address disparities across gender, locations and ethnicity towards business owners.

According to BBB (British Business Bank), they found out that BAME entrepreneurs experience far worse outcomes on average. Which means that Black-owned businesses have a medium turnover of just £25,000 compared to White-owned businesses whose turnovers are £30,000. They also state that ‘Only half of Black entrepreneurs meet their non-financial aims, compared to nearly 70% of White entrepreneurs and those from Asian and other Ethnic Minority background have better outcomes than Black entrepreneurs. However, they have a substantially lower rate of starting a business and see less success overall compared to White entrepreneurs.

#inconversationwithsouthwestmutual #conversations #localbanking #DBI #southwest

Our social media platforms:
Insta: @dbi_uk
Twitter: @dbi_uk
Facebook: @Diversity Business Incubator or @DBIDEVON
LinkedIn: @Diversity Business Incubator
YouTube: @Diversity Business Incubator

Their social media platforms:
Insta: @southwestmutual
Twitter: @southwestmutual
Facebook: @South west Mutual
LinkedIn: @South west Mutual
YouTube: @South west Mutual

music
LICENCE PARTICULARS:
Licensee Name: Diversity Business Incubator
Licensee Address: Unit 37, Plymouth, PL1 3HQ
Service Name: Ptown Radio
Website Address: www.ptownradio.co.uk