Survey aims to take the pulse of Black business community during Covid-19

Extend Ventures is inviting Black and minority business owners to take part in a survey on the impact of Covid-19 on their companies.

The survey, the first of its kind, aims to identify the top areas of concern for Black and minority-owned businesses during the coronavirus pandemic. It also seeks to understand how companies’ financing needs have changed and how effective they have found the government’s support packages.

“Our communities have been disproportionately impacted by Covid-19, in terms of health outcomes and the threat to organisations serving our community, but there has been no comprehensive assessment of the black business landscape,” said Erika Brodnock, head of research at Extend Ventures.

“According to a report by McKinsey in the US, 40% of black business revenues are generated in sectors worst hit by the pandemic, compared to 25% of the revenues of all US businesses.[i] Our survey will provide much-needed data on how businesses in the UK are faring and will enable us to identify those most in need of support.”

The survey can be accessed here: https://bit.ly/2W0N29t. It will be open until 14th May 2020.

About Extend Ventures:

Extend Ventures is a team of serial entrepreneurs, strategists, investors and bankers committed to democratising access to the funding and support required to build scalable businesses for underrepresented entrepreneurs and founding teams. We are proudly supported by TechNation, Capital Enterprise, and Fresh Business Thinking (home of the Great British Entrepreneur Awards).


[i] https://www.mckinsey.com/industries/public-sector/our-insights/covid-19-investing-in-black-lives-and-livelihoods

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