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Departmental Publications

Volume 454: debated on Thursday 14 December 2006

To ask the Secretary of State for Trade and Industry what the cost was of commissioning the Ethnic Minority Business Finance Survey. (103319)

The Ethnic Minority Survey of SME Finance was commissioned after the 2004 UK SME Finance survey at a cost of £162,000. It was commissioned because the UK SME survey did not provide reliable data on ethnic minority experience in raising finance.

The Survey required substantial resources and work in order to allow us to fully identify the different problems and experiences between the five key ethnic minority groups (Indian, Pakistani, Bangladeshi, Black African and Black Caribbean).

The results will be compared to the experiences of white owned businesses when accessing finance.