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Lloyds' Black Business Advisory Committee means business

Lloyds Bank announces the full line up of their Black Business Advisory Committee setting out to improve the business landscape for Black businesses and entrepreneurs.

Words by Staff Writer Images by Lloyds Bank

17.03.21

To reinforce their commitment to improving the business landscape for Black businesses and entrepreneurs, Lloyds Bank has announced the full line up of their Black Business Advisory Committee.


The committee members, who will be spearheaded by Colourful Radio alumni and former Cabinet Office advisor Claudine Reid MBE, will bring together a wealth of business experience and knowledge gained from a series of sectors and geographical locations across the UK. They will also be tasked with the responsibility of investigating the barriers to growth for the Black business community.


Following the announcement, award-winning social entrepreneur, Reid, said: “With a stellar line up of experts on board I’m certain we’ll be successful in our collective ambition to shed light on the needs of and barriers faced by the Black business community. Not only this, we’ll then be able to create a tangible set of recommendations for Lloyds Banking Group to implement and others to learn from about how the world of business can transform to become fully inclusive of the Black community.”



Ultimately, we believe it will help our fellow Black business owners to have the best opportunity to start, grow and thrive.



Lloyds Banking Group has also commissioned (leading) corporate event and media company, Black Business Network, and market research experts Savanta to research the entrepreneurial ecosystems for Black people, starting from early-stage education through to the formation of mature businesses.


To add a layer of authenticity to this research, the committee is calling on the Black business community to take part in the Community Conversation virtual which it hopes will give event-participants the opportunity to hear Committee members share the personal highs and lows from their respective business journey. And to hear their views on why engagement is important in order to build stronger, sustainable businesses; and take part in a live audience Q&A session. 


Claudia continues: “Today, I’m calling on fellow business people and aspiring entrepreneurs to come forward. We want to hear from you. Your insights will be truly invaluable in helping us develop our recommendations and make sure they really resonate with businesses up and down the country. Ultimately, we believe it will help our fellow Black business owners to have the best opportunity to start, grow and thrive.”


The research will be ongoing over the next three years, and the findings will inform our future activities to support the growth of companies owned and run by Black business leaders. The 12 Committee members are: Claudine Reid MBE (Chair), Antonia Burrell, Cecil Adjalo, Evadney Campbell MBE, Imelda Fossu, Izzy Obeng, Khalia Ismain, Margaret Ochieng, Michelle Raymond, Nathaniel Peat, Rodney Appiah, Shari Leigh.

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