Uber Eats has launched a £250,000 fund to support 25 small Black businesses across the UK.
The Uber Eats Black Business Fund is aimed at Black-owned restaurants with fewer than five locations. In addition to funding, they will receive special mentoring from Enterprise Nation.
According to Lloyds bank, 34 per cent of black business owners are worried about taking on debt and only a third approach banks for financing.
Commenting on the news Matthew Price, general manager at Uber Eats UK & Ireland, said:
“Small businesses and restaurants are the heart of local communities, and we’re honoured to give so many a platform on Uber Eats,” said Matthew Price, general manager, Uber Eats UK & Ireland. “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.”
In 2021, Uber announced a $10 million investment to support Black-owned small businesses on the platform around the world.
In the UK, Uber Eats first launched the Black Business Fund in 2021, awarding ten £5,000 grants to restaurants across the country.
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