Milton Keynes Ethnic Business Community (MKEBC) and Whitecap Consulting have announced the launch of the Milton Keynes Ethnic Business Impact Report.
While 38% of the Milton Keynes population come from an ethnically diverse group, crucial data is lacking on the significant contributions that ethnically diverse businesses have on the local economy.
Therefore, MKEBC and Whitecap Consulting have partnered to address this data gap. This extensive analysis is set to help understand the positive influence that the ethnic business community has on Milton Keynes’ economy. Not only will the Whitecap team conduct research to estimate the economic contributions of ethnically diverse populations and businesses, but they will also undertake a broader analysis using company information, innovation insights, and interviews with leaders from ethnically diverse backgrounds.
Ranjit Singh, Co-founder of Milton Keynes Ethnic Business Community (MKEBC) said: “In a world where data is king, it is important now more than ever to research and present this report to Milton Keynes. We do not know how much we contribute to the wider economy of MK and this report will not only give us the facts but will also drive further discussion and projects to develop the economy. MK is proudly an ethnically diverse city, and we all play a part in its growth and we would like to know how much of that is due to ethnic communities. I look forward to working with the sector to realise this ambition and the vision of making MK the most inclusive city in the UK to do business.”
Lal Tawney, Director at Whitecap Consulting, highlighted the importance of this collaboration. He said: “We’re very excited about working with MKEBC on this landmark project. For the first time, we’ll have a clear picture of the immense value ethnic businesses bring to our economy. But this report will not be just about numbers – it’s about celebrating the stories of the individuals behind these businesses, the hard work they put in, and the positive impact they have on our city. The findings will provide valuable insights for policymakers, businesses and the wider community including the future plans for MKEBC, and promise to be a powerful catalyst for fostering a more inclusive and prosperous Milton Keynes for all.”
The project will result in a comprehensive report and the recommendations derived will play a pivotal role in shedding light on the barriers these businesses face and offer strategies to foster a more inclusive, supportive business environment.
Milton Keynes organisations are invited to be a part of this transformative initiative. The organisers are also looking for institutions to financially sponsor this project and contribute to ground-breaking research that will empower ethnic businesses to thrive.
For further information about the project and sponsorship details contact the MKEBC team at info@mkebc.co.uk or visit www.mkebc.co.uk
