Uber Eats launches six-figure fund to support Black-owned UK restaurants

£250k of grant funding will be awarded to Black-owned restaurants across the UK as the Uber Eats Black Business Fund is launched for the third year.

To date, businesses have received a total of £300k of grants since the award scheme started in 2021, with this year’s funding taking the total amount awarded past half a million pounds.

In collaboration with Enterprise Nation, the Uber Eats Black Business Fund will award cash grants to 25 small Black-owned businesses with at least half going to small businesses outside of London. Black-owned restaurants with fewer than five locations can now apply to the Uber Eats Black Business Fund with applications opening on Thursday.

Rachel Olatoke, who runs Harvest Afro Caribbean in Windsor is a previous winner of a Black Business Fund grant. She said: “I started my restaurant almost as a form of activism, there isn’t much diversity in Windsor so during lockdown we decided to change that and bring African and Caribbean cuisine to the high street.

“We used cash from the Black Business Fund to upgrade our equipment and expand our buffet service. We’re really excited for the future and are always thinking about what the next thing could be. I’d definitely recommend other restaurants to apply for the fund.”

According to government data just 6 per cent of small and medium enterprises (SMEs) are ethnic minority led. And Black business owners face particular barriers with accessing finance, with only three in 10 approaching banks for finance, according to Lloyds Bank.

Furthermore, according to the 2023 Inside Hospitality Report, published by Be Inclusive Hospitality, Black hospitality workers are most likely to be on zero-hour contracts compared to other ethnic groups.

Lorraine Copes founder of Be Inclusive hospitality added: “I am pleased to see the return of the Black Business Fund for a third year. Uber Eats are continuing to leverage insights to drive action by ongoingly investing in Black Businesses in hospitality. My hope is that recipients thrive, due to the assistance of the fund, despite the continual barriers faced.”

Emma Jones, CBE, founder and CEO of small business support platform and membership community Enterprise Nation, said: “This fund plays a massively important role in highlighting the amazing work black food entrepreneurs are doing as well as enabling them to see themselves and their incredible food reflected on our high streets and street food events.

“By delivering funding and targeted business support, the Uber Eats Black Business Fund is helping to drive this vibrant and evolving hospitality sector to create the successful food entrepreneurs and role models of the future.”

By Matthew Neville – Senior Correspondent, Bdaily

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