Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Lilac Review Uncovers Barriers Faced by Disabled Entrepreneurs, Proposes Solutions to Unlock £230bn in Business Turnover

by May 20, 2024
May 20, 2024
Lilac Review Uncovers Barriers Faced by Disabled Entrepreneurs, Proposes Solutions to Unlock £230bn in Business Turnover

An independent review, the Lilac review, has highlighted significant challenges faced by disabled entrepreneurs in the UK, identifying inaccessible support services, poor access to finance, and the “burden of proof of disability” as key issues that need addressing.

The provisional findings from this government-backed review, launched in February and jointly chaired by Kevin Hollinrake (Minister for Small Business), Mims Davies (Minister for Disabled People), and Victoria Jenkins (founder and CEO of Unhidden), pointed out common struggles that hinder disabled individuals from accessing entrepreneurial opportunities. These challenges include navigating unnecessarily complex processes to access business support, finance, and welfare.

The Lilac review team estimated that “levelling up entrepreneurial opportunity” for disabled founders could potentially unlock an additional £230 billion in UK business turnover. Key recommendations from the review include:

Simplifying Support Services: Radically simplifying support services to place the needs of disabled entrepreneurs at the forefront, including mentoring, networking, business training, and guidance.
Removing Annual Benefit Reassessments: Scrapping annual benefit reassessments for lifelong conditions to reduce administrative costs and pressure on entrepreneurs to repeatedly justify their need for support.
Trust-Based Access to Support: Moving towards a trust-based rather than proof-based system for accessing disability support.

Victoria Jenkins emphasized the need for equal access to opportunities for disabled entrepreneurs, stating, “What we want is to be given equal access to opportunities, so we are free simply to be entrepreneurs and to grow our business to the best of our ambition and abilities.”

The final report and recommendations from the Lilac review are expected to be published by the end of next year.

The review, led by Small Business Britain, follows the precedent set by the Rose review, which identified barriers to women starting and growing businesses. The Rose review’s actions, including the creation of the “investing in women code,” led to a significant increase in female entrepreneurship, demonstrating the potential impact of targeted support and policy changes.

The Lilac review aims to similarly transform the landscape for disabled entrepreneurs, ensuring they have the necessary support and opportunities to thrive. As Jenkins noted, involving founders across a wide spectrum in creating these services is essential to address the diverse experiences of disability and to create a more equitable world for disabled entrepreneurs.

Read more:
Lilac Review Uncovers Barriers Faced by Disabled Entrepreneurs, Proposes Solutions to Unlock £230bn in Business Turnover

0
FacebookTwitterGoogle +Pinterest
previous post
UK Businesses Eye Billions in Saudi Deals at Great Futures Event
next post
Average British House Price Reaches Record High of £375,000

You may also like

HSBC and Lloyd’s of London show differing opinions...

February 27, 2023

UK food prices soar by record 10.6% as...

September 29, 2022

Invest in Public Liability Insurance to Protect Your...

March 7, 2023

UK Entrepreneurs unite to help business owners succeed...

September 12, 2022

Labour’s Tax Policy on Private Schools to Drive...

June 10, 2024

More than 120 women founders pitch to Richard...

March 7, 2025

Moët hails new ‘roaring 20s’ as wealthy drain...

November 16, 2022

6 Steps to Modify Your House on a...

March 24, 2023

Coronation cheers pub trade but worries on energy...

May 2, 2023

GB News boss claims ‘far-left’ groups are orchestrating...

March 18, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Elon Musk warpath against Trump’s ‘big, beautiful bill’ rattles House GOP

      June 4, 2025
    • Durbin obstruction threat chills Senate as Trump nominees hang in balance

      June 4, 2025
    • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s ‘big, beautiful bill’

      June 4, 2025
    • Why ADX Can Mislead You — And How to Avoid It

      June 4, 2025
    • S&P 500 on the Verge of 6,000: What’s at Stake?

      June 4, 2025
    • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’

      June 4, 2025

    Categories

    • Business (8,143)
    • Investing (2,006)
    • Politics (15,518)
    • Stocks (3,127)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved