Bradford businessman Karl Oxford, who was recently appointed to the Lloyds Banking Group Black Business Advisory Committee, told The Yorkshire Post that every entrepreneur faced challenges in securing the right skills, equity and investment for their business but it was harder for business owners from a black heritage community because it was compounded by other restrictions they face, including discrimination, racisim and concern about equal access to opportunties.
Last year, Lloyds Bank and Channel 4 launched Black in Business, an initiative which offered five black business owners an opportunity to secure a reward of £100,000 worth of TV advertising, a creative advert and mentoring. Khalia Ismain, black entrepreneur programme manager at Lloyds Banking Group, said: “It’s that level of partnership we’re keen to replicate on a national level but also localise it down to a regional level.
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