Mr Cable said British Asians are “probably the most entrepreneurial section of the British public”, adding it is no coincidence that one of Britain’s biggest manufacturing companies, Tata, is Indian-owned. “We want inward investment and the technology that goes with it.”
A study from The Department for Business, Energy and Industrial Strategy (DBEIS) found that just 5% of the UK’s small and medium-sized businesses are ethnic minority-led.
The reason I invest in this high-potential segment is backed by widely available research revealing that companies with gender-diverse boards of directors and management teams produce a superior return on equity. It just seems right to support the idea of gender diversity, but there is also data to prove the point. Women-led and women-owned companies yield above-market returns on investments, according to an analysis by MSCI ESG Research. And personally, I’ve had the opportunity to see numerous pitches from women-led companies, and I consistently see entrepreneurs who fit the profile angel investors want to see.
Through their sheer numbers, their growing middle-class stature, the shift of economic and political power towards the Middle East and Asia – home to most of the world’s Muslims – and through the Muslim minorities that act as influential and well-connected leaders by the inspirational force of their faith and their refusal to accept the status quo, Generation M are determined to make change. And what a change it’s going to be,