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Black-owned businesses in the UK generate approximately one third of the average turnover, yet they face significantly below average outcomes for achieving their goals compared with their white counterparts. We’re committed to understanding and breaking down barriers to help Black entrepreneurs achieve business success.
Our BBAC was established to provide guidance on our purpose to help Britain prosper by:
All 14 members of the Committee bring with them a diverse set of experience and expertise; helping to create and advocate for the right programme of support validated by insights and the Black community.
The Shadow Committee enhances and amplifies the recommendations of the Black Business Advisory Committee (BBAC) by aligning them with the experiences of Black heritage colleagues within Lloyds Banking Group, ensuring our work is embedded across the Group.
The second report delves deeper into the barriers of discrimination, racism and access to equal opportunities. Taking measure of progress as we continue to take action.
This first report unapologetically brings together the collective voices of the Black business community, bringing external awareness to the existing barriers Black entrepreneurs face and setting the framework for change.
Since its inception in 2020, our plan has helped us address the specific challenges we know our Black colleagues and customers are facing.
Explore initiatives, mentoring opportunities and support available.
Find access to supportive communities, resources, and products to help you manage and grow your business.