Delivery app Uber Eats has launched a £250,000 fund as it looks to support Black-owned restaurants across the UK.
The Uber Eats Black Business funding will be spread across 25 small businesses, each receiving a £10,000 grant and special mentoring from one of the initiative’s partners, business support platform Enterprise Nation.
The cash boost comes following research from the initiatives other collaborator social enterprise Be Inclusive Hospitality, which found that 43% of Black business owners believe ethnicity has hindered their career progression.
According to Lloyds Bank, only three in ten Black business owners approach banks for finance as 34% say their biggest concern is taking on debt.
This follows on from Uber Eats Black Business Fund in 2021 which awarded ten £5,000 grants to restaurants across the UK.
Applications for this year’s fund will be open from 14 October to 25 November for Black-owned restaurants with fewer than five locations.
“Small businesses and restaurants are the heart of local communities, and we’re honoured to give so many a platform on Uber Eats,” Uber Eats UK & Ireland general manager, Matthew Price said.
“Given the barriers that Black owners face, we are incredibly proud to expand our support of small Black-owned businesses across the country. Through this fund we want to help the next generation of chefs and entrepreneurs thrive.”
Enterprise Nation founder, Emma Jones MBE added: “Our recent Barometer found food and drinks businesses were among the first to be affected by the cost-of-living crisis. Yet some businesses in the industry like those in the Black business community had barely recovered from the impact of the pandemic before the next crisis hit.
The financial support is phenomenal and the mentoring is about helping them to focus on the elements of their business that they can control, and develop strategies to manage the elements they cannot.”