Just 5% of the UK’s small businesses are minority ethnic-led
Latest government survey highlights a lack of diversity in enterprise with only 21% of small firms spearheaded by women
Only 5% of the country’s small and medium-business employers are from minority ethnic groups (MEG), according to a report published by the government’s Department for Business, Innovation and Skills (DBIS) today.
Surveying over 15,000 small and medium-sized businesses with responses weighted against business population estimates, the research also found that only 21% of UK small businesses are led by women.
What’s more, just 15% of medium-sized businesses were shown to be controlled by a woman or to have a management team of which a majority are women.
Of the MEG-led businesses, the majority of these were found to operate in the communications (11%), retail (8%), and financial and real-estate sectors (7%).
Female-led businesses were more common in the human health (54%) and education (54%) sectors.
The data, intended to paint a picture of the UK’s business profile, indicates a lack of diversity in enterprise and coincides with the government’s recent announcement hat it has launched a review to help minority ethnic people progress in their careers.
The findings relating to women-led businesses could also alter over the coming months; a report out this week found that some 7.5 million women now dream of starting their own business or going self-employed.
You can read the DBIS Small Business Survey 2015 here.