Commons Sense

House of Commons · Written Ministerial Statement

Disability Finance Code for Entrepreneurship

03 December 2024 · Department for Business and Trade

Proposed by Gareth Thomas Lab Co-op Harrow West

Benefits & WelfareBusiness & TradeEmployment

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The Minister is launching the Disability Finance Code for Entrepreneurship (DFCE) to address barriers faced by disabled entrepreneurs in accessing finance.
  • The DFCE aims to increase access to finance and support for disabled founders through inclusive design principles.
  • The DFCE seeks to enhance engagement between disabled entrepreneurs and financial services to promote greater representation and opportunities.

Issue summary

This statement addresses barriers faced by disabled entrepreneurs in accessing finance and opportunities for entrepreneurship.

Action requested

The Minister is launching the Disability Finance Code for Entrepreneurship (DFCE) to drive engagement between disabled entrepreneurs and financial services, aiming to increase access to finance and support for disabled founders through inclusive design principles and increased representation.

Key facts

  • Eighty-four per cent of disabled founders feel they do not have equal access to opportunities as non-disabled founders.
  • The Disability Finance Code for Entrepreneurship (DFCE) is being launched today.
  • Lloyds Banking Group, NatWest, Barclays, HSBC UK are founding signatories.
  • Current delivery partners include UK Finance, the British Business Bank and Small Business Britain.
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