Black and Ethnic Minoritised-led organisations are less likely to apply for social investment – and are less likely to obtain it, too. Only 45% of the 1,000 Black and Ethnic Minoritised-led organisations Pathway has spoken to, said that they would trust and approach social investors. 76% said they believe they had been refused finance because of their race or ethnicity. The cost-of-living crisis has made this funding disparity all the more damaging, impacting the ability of Black and Ethnic Minoritised-led organisations to deliver impact in the communities most impacted by…
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