Intangible Benefits: Post-COVID-19 Economic Recovery and Regional Support for Black and Racially Minoritised Social Enterprises

January 2024 - By Sabera Bhayat

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Black and racially minoritised communities werendisproportionately affected by the COVID-19 pandemic not only in relation to health but also economically.

In 2020, The Ubele Initiative investigated the impact of COVID-19 on community organisations and social enterprises, and found many were at risk of closure due to the impact of lockdown.

In a study carried out by Black South West Network, 90% of Black and racially minoritised businesses surveyed incurred significant financial loss during the pandemic, while 67% had to close their businesses due to the impact of lockdown.

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