Ethnicity data collection for business owners

Motion Text

That this House believes that entrepreneurs of all ethnic backgrounds should have equal access to finance; recognises the recommendation of the Office for National Statistics that the introduction of a national system of data collection on the ethnicity of business owners would be an important step in improving transparency and addressing inequality in this area; believes that the introduction of an ethnicity field on Companies House director registrations would be an important step toward developing a national framework for capturing the ethnicity of company directors in the UK; welcomes the Government's commitment to Action 55 in its Inclusive Britain report which would take steps towards improving transparency and reducing barriers; and calls on the Government to take immediate action to enact these recommendations.