Friday 15 July 2022

London Chamber of Commerce and Industry (LCCI) is pleased to announce that its Asian Business Association (ABA) and Black Businesses Association (BBA) have signed a Memorandum of Understanding (MOU) with Minority Supplier Development UK (MSDUK), the UK’s leading non-profit membership organisation driving inclusive procurement.

LCCI’s ABA and BBA seek to promote minority ethnic business ownership, entrepreneurship and further the interests of minority ethnic employees in the capital, as well as recognising the huge contribution minority-ethnic-led businesses make to London’s economy. MSDUK helps and supports ethnic minority businesses to break through inequalities and barriers in public and private sector supply chains. These goals, which all involved in the MOU strive for, will be within better reach of ABA/BBA and MSDUK members subsequent to this announcement.

The MOU will bring together the respective strengths of MSDUK and the ABA and BBA to deliver opportunities which benefit and champion ethnic minority businesses. ABA, BBA and MSDUK members will have the opportunity to participate in each organisations’ events and programmes. Frequent meetings will take place to ensure that cooperation is close and mutual information sharing of best practice and knowledge is often.

We have no doubt that this cooperation will ensure that London continues to be at the centre of opportunities for ethnic minority businesses.

Tony Matharu, Chair of London Chamber of Commerce and Industry (LCCI)’s Asian Business Association, said “The Asian Business Association strives to promote ethnic minority led businesses in London domestically and internationally. I am delighted that the London Chamber has signed this MOU with MSDUK, with whom I have collaborated for a number of years in order to ensure better opportunities for minority led businesses; this partnership will provide wider networks and numerous opportunities and events for our members.”

Lord Hastings, Chair of London Chamber of Commerce and Industry (LCCI)’s Black Business Association, said “This MOU will enable LCCI and MSDUK to provide fantastic opportunities for our members’ businesses and we are proud to collaborate with an organisation that shares our purpose of championing ethnic minority businesses. Cooperation is how businesses thrive and we look forward to seeing the opportunities this partnership enables”

Mayank Shah, Founder and CEO of MSDUK, said “We are delighted to partner with LCCI’s ABA and BBA to support ethnic minority businesses in London, connecting them with over 100 British and global companies. MSDUK facilitates inclusive supply chains that work with under-represented entrepreneurs to help drive socio-economic growth. London, as one of the most diverse cities, represents some of the most talented, innovative ethnic minority businesses and working with LCCI, we at MSDUK would like to help these businesses grow.”

ENDS

Contact:

London Chamber Press Office 

T: +44 (0)20 7340 0396
M: +44 (0)7827 241528
E: press@londonchamber.co.uk