Marvin OnumonuUK Finance released a report on the progress made by banks under the Disability Finance Code for Entrepreneurship (DFCE), introduced in December 2024.
The code set out commitments for banks to widen opportunities for disabled entrepreneurs.
These included designing financial products with accessibility in mind, offering practical support such as mentoring and networking, highlighting success stories of disabled founders, and ensuring disabled people are represented in the workforce.
Banks have set up specific teams focused on disability inclusion, launched a Disabled Entrepreneurs Hub with tailored resources and mentoring, and supported the career progression of colleagues with disabilities in a more inclusive working environment.
David Raw, managing director of commercial finance at UK Finance, said: “I am delighted to introduce this report on the Disability Finance Code.
“It shines a much needed spotlight on the critical work being done by financial services firms to unlock the full potential of a vital segment of our entrepreneurial community.
“This report demonstrates the progress being made across the commercial finance sector in creating more opportunities for disabled entrepreneurs to access finance.”
Raw added: “Aligned with the government’s plan for growth, we are committed to continuing to champion these efforts, working collaboratively to build a future where every entrepreneur, regardless of disability, can realise their ambitions and contribute fully to driving innovation and growing the UK’s economy.”
Minister for Small Businesses Gareth Thomas said: “Through our Plan for Change, this government is committed to delivering further and faster economic growth.
“A key part of this is ensuring that those with the ambition to start and scale up a business have the right support to do so, no matter their background or circumstances.
“Today’s report showcases some of the great work of DFCE signatories in supporting disabled entrepreneurs.
“It also recognises that while progress has been made, there’s more to be done by government, the finance sector and society, to ensure entrepreneurs from all backgrounds have the means to get into business.”
