{"id":16421,"date":"2021-12-20T23:03:05","date_gmt":"2021-12-20T23:03:05","guid":{"rendered":"https:\/\/blue-subtitle.com\/blog\/?p=16421"},"modified":"2021-12-20T23:03:05","modified_gmt":"2021-12-20T23:03:05","slug":"sky-supports-black-entrepreneurs-with-1-3-million-enterprise-initiative","status":"publish","type":"post","link":"https:\/\/blue-subtitle.com\/blog\/sky-supports-black-entrepreneurs-with-1-3-million-enterprise-initiative\/","title":{"rendered":"Sky Supports Black Entrepreneurs with $1.3 Million Enterprise Initiative"},"content":{"rendered":"

Comcast-backed pay-TV operator\u00a0Sky\u00a0is setting out to support more Black-owned and led businesses in the U.K. through a \u00a31 million ($1.3 million) fund, with plans to grow diversity in Sky\u2019s supply chain in the future.<\/p>\n

The initiative is targeted specifically at\u00a0Black entrepreneurs and is in addition to the \u00a330 million that was earmarked over three years in June 2020 to improve Black and minority ethnic representation at all levels within Sky and elsewhere.<\/p>\n

The new allocation of funds will support Black business founders by delivering practical solutions to succeed, including a combination of business advice, mentoring and financial support; and creating the opportunity to access Sky\u2019s own supply chain.<\/p>\n

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As part of\u00a0a\u00a0Variety<\/em>\u00a0investigation into diversity in the U.K. production sector, Sky said last month\u00a0that it doesn\u2019t track the ownership diversity of its production partners, \u201cbut is investigating how this can be done so we can track going forward.\u201d With the latest fund, it appears the company hopes to take a closer look at its production pipeline.<\/p>\n

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\u201cWe believe we have an opportunity to stand against racial injustice, and to tackle the barriers to success faced by Black people in the U.K.,\u201d said\u00a0Dana Strong, CEO of Sky. \u201cThis new fund will help Black entrepreneurs to succeed and to drive economic prosperity, which is at the heart of equity.\u201d<\/p>\n

The program\u2019s delivery partner and recipient of the enterprise initiative will be announced early next year. The group will work with Sky to address the \u201cunique barriers Black entrepreneurs face when starting their business.\u201d In addition, the fund aims to create \u201cscalable models\u201d for supporting Black founders in British business which will be published and shared.<\/p>\n

Sky says its long-term aim is to incorporate these diverse-owned businesses into its own supply chain.<\/p>\n

In January 2021, Sky set ambitious targets to increase ethnic diversity and representation across its U.K. workforce. By 2025, Sky aims for 20% of its employees in the U.K. and Ireland to be from Black, Asian, or ethnically diverse backgrounds, with at least a quarter of these being Black. This target also applies to Sky\u2019s leadership team.<\/p>\n

Source: variety<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Comcast-backed pay-TV operator\u00a0Sky\u00a0is setting out to support more Black-owned and led businesses in the U.K. through a \u00a31 million ($1.3 million) fund, with plans to grow diversity in Sky\u2019s supply chain in the future. The initiative is targeted specifically at\u00a0Black entrepreneurs and is in addition to the \u00a330 million that was earmarked over three years […]<\/p>\n","protected":false},"author":1,"featured_media":16423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7036],"tags":[18889,18890,18888],"class_list":["post-16421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-3-million-enterprise-initiative","tag-black-entrepreneurs-with-1-3-million-enterprise-initiative","tag-sky-supports-black-entrepreneurs-with"],"yoast_head":"\nSky Supports Black Entrepreneurs with $1.3 Million Enterprise Initiative - blue subtitle<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blue-subtitle.com\/blog\/sky-supports-black-entrepreneurs-with-1-3-million-enterprise-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sky Supports Black Entrepreneurs with $1.3 Million Enterprise Initiative - blue subtitle\" \/>\n<meta property=\"og:description\" content=\"Comcast-backed pay-TV operator\u00a0Sky\u00a0is setting out to support more Black-owned and led businesses in the U.K. through a \u00a31 million ($1.3 million) fund, with plans to grow diversity in Sky\u2019s supply chain in the future. 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