When it comes to awarding contracts, businesses take all manner of things into consideration, including price, quality of the product, and customer relations. But what about ethnicity?
There is a target set by Government for 25 per cent of all public sector contracts to go out to small and medium-sized firms such as Texane, but there is currently no emphasis on ensuring these targets are inclusive to black and minority ethnic (BME) firms. I believe there should be.
BME businesses are successful drivers for our economy. The Government should be making sure they get a fair slice of the public sector pie.
While many start-ups fail, 70 per cent of BME businesses are still here after five years, and they grow 20 per cent faster than other small firms.
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