Applications for The Black Business Fund are now open.
In recent years, many food and drink businesses have been under pressure, with Black-owned businesses facing particular challenges.
NatWest has highlighted the significant barriers Black-owned businesses encounter when trying to access finance. Be Inclusive Hospitality has found that Black workers are most likely to highlight ethnicity as a factor in hindering their career progression.
The Black Business Fund is back for its fourth year to help. Black-owned restaurants with fewer than five locations that have been trading for more than 12 months can apply to win a grant to help give their business a boost.
Twenty-five restaurants will each receive £10,000, with at least half the grants going to businesses outside London.
The closing date for applications is 12 December 2024.
For further information please select the following link: Black Business Fund: Support for Black-owned businesses | Enterprise Nation | Enterprise Nation
Working out where to go to find finance and choosing the right type can be tricky.
Our finance area is here to help: Finding Finance | Business Wales. Use our finance locator to find finance options relevant to your business, read guides explaining the different types of finance, find information about working with accountants and read about the Development Bank of Wales a unique lender to businesses in Wales.