Create Equity is pleased to announce the promotion of three different funding opportunities for underrepresented entrepreneurs across various sectors.
Thanks to the support of our funders and partners, we have made available the following three opportunities.
The Create Equity Fund (CEF)
A new venture fund bringing together several entrepreneur networks and specialist media investor Station 12. CEF will be seeking to invest between £250k and £2m in eligible companies with an objective to address the historical underinvestment in Black, ethnically diverse and female founders.
Just 4% of venture capital investment go to all ethnic teams, while they represent 14% of the UK population. Less than 3% go to all female founder teams. The market demand exists. Demand from Black- and ethnically diverse-led enterprises represent 10% of the UK entrepreneurs, whilst female-led enterprises represent 37%. CEF will invest in businesses embracing the potential of Britain’s diversity.
Media, entertainment, sports, fashion, gaming
Majority ethnically diverse and /or female-led (>50%)
Flexible Finance Fund
Create Equity has partnered with Social Investment Business to deliver a £4m fund for BAME-led social enterprises based in England. This scheme aims to make the Recovery Loan Fundmore accessible to Black and Minoritised Ethnicity-led organisations by offering grant funding alongside a loan.
Registered charity or social enterprise
51% or more of the organisation’s board & senior management team must be from Black and Minoritised ethnic backgrounds
£25k – £200k (ranges from 50% to 100% of the loan amount = £100k to £1.5m)
Your organisation must not have received repayable finance greater than £25k, excluding Bounce Back Loans
The Capacity Building Fund
Create Equity is developing a 18 month capacity building fund for Black and Asian organisations. With MeWe360 as delivery partner, the programme is funded by Connect Fund, Paul Hamlyn Foundation and Social Investment Business.
Company Status / Sectors
Social enterprise or charity (with a focus on arts and creative industries)
Black, Asian and Ethnic Minority (BAME) led. (51% or above of the board and senior management team)
Unrestricted grant up to £70k
Minimum operating time
Tuesday 2nd May, 2023