Pathway Fund Welcomes £500m Government Investment For Black and Ethnically Minoritised & Female Entrepreneurs
Pathway Fund welcomes the Government’s recent announcement that it will be investing some £500 million in Black and Ethnically Minoritised and female entrepreneurs.
Pathway Fund welcomes the Government’s recent announcement that it will be investing some £500 million in Black and Ethnically Minoritised and female entrepreneurs.
Pathway Fund welcomes the Government's recent announcement that it will be investing some £500 million into both Black and Ethnically Minoritised-led and female-led, funds.
This, it says, will help "help high potential new entrants build the track record they need". This £500 million offer will see the Government backing investment fund managers from Black and Ethnically Minoritised backgrounds, this enabling them to drive growth, as part of its 'Plan for Change'.
Within this £500 million commitment, is a £50 million commitment from Government to catalyse female-led venture capital funds - a potentially important step in seeing female, Black and Ethnically Minoritised, leaders, thrive.
This is particularly welcome, given Pathway Fund's commitment to catalysing Black and Ethnically Minoritised fund managers - our fund manager incubator programme has seen us work with the brilliant BlaST Network LCR, Foundervine, and Future Impact Ventures, so far.
We've run this programme, in part, because only 1% of the UK's financial assets are managed by people from Black and Ethnically Minoritised communities. We're committed to changing that. It's therefore fantastic to see Government taking action on this, too.
There's real momentum gathering in this space, now... so be sure to watch it, with the second iteration of our Fund Manager Incubator programme, launching soon!
If you're interested in learning more, then do reach us at impact@pathwayfund.org.uk !