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A boost for BME businesses

PRODUCTIVE: The BME Boost Your Business meeting was full of useful advice

THE MOVERS and shakers of the Nottingham business world are backing efforts to help boost companies from black and minority ethnic communities.

Partners across the city joined forces to host BME Boost Your Business, a breakfast morning event showing people how they can grow their businesses, including advice on innovating and access to funding.

Ethnic minority businesses are hugely important to the UK’s economy. They contribute £3 billion worth of Gross Value Added each year, and this continues to grow.

Many of these businesses are also valued for their role in promoting social cohesion and inclusion. For example, ethnic minority businesses play an important role in the social adaptation and integration of new migrants in their local areas.

Recent Government figures suggest that BME businesses account for around seven per cent of small and medium-sized businesses across the UK, with higher concentrations in the main urban areas like Not- tingham, Leicester, Birmingham, Leeds and London. But just over 20 per cent of the current UK working population are from black and minority ethnic groups. It is hoped that eventssuchasBoostYourBusiness will support and encourage entrepreneurship in these communities.

Councillor Nick McDonald, portfolio holder for business, growth and transport at Nottingham City Council, said: “Some of Nottingham’s fastest-growing businesses are run by the BME community. That’s why we want to make sure that these brilliant businesses know about all of the support that is available to power them forward.

“While we at the city council are fully committed to supporting all business growth in and around the city as much as we can, we are especially keen to engage with black and minority ethnic entrepreneurs, which is why we set up this event.

“The black and minority ethnic business community is a vital part of Nottingham’s economy and we want to do all we can to help your businesses prosper and grow, and to encourage the next generation of BME entrepreneurs.”

Trusty S Gushure, the CEO of Gifted4Good and chairman of the Equality and Fairness Commission and Nottingham International Business Ambassador, who facilitated the event with Gillian Mothobi, said: “Business leaders from across the city at- tended the event and it was a great success. I want to thank all our supporters and fellow businesses in the city for all their support.

"This event has really helped local BME businesses to find out about support and funding they can access, how innovation can boost their bottom line and it gave everyone a chance to network with other BME business leaders.”

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