Welcome to the 294th episode of the award-winning Diverse Minds podcast. In celebration of UK Disability History Month, I provide an overview of the Lilac Review and why it matters. The Lilac Review is an independent report examining the barriers faced by disabled entrepreneurs in the UK and the concrete actions being taken to level the playing field.
I discuss why disability entrepreneurship matters for everyone, the shocking statistics about funding gaps and access barriers, and most importantly, the systemic changes now underway including the UK’s first Disability Finance Code and flagship business incubator for disabled founders.
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In today’s show on Overview of The Lilac Review and Why it Matters
- Celebrating UK Disability History Month and this year’s theme: Disability, Life, and Death. [01:05]
- Introduction to the Lilac Review. [02:18]
- The current landscape for disabled business owners in the UK, according to the Lilac Review. [03:08]
- Key barriers disabled business owners face today. [06:35]
- Some groundbreaking actions resulting from the Lilac Review. [11:12]
Quotes on Overview of The Lilac Review and Why it Matters
- 25% of the UK’s 5.5 million small to medium enterprise business owners are disabled or have a health condition.
- Disabled entrepreneurs account for 8.6% of the turnover of all UK businesses—yet could add another £230 billion to UK revenue with proper support.
- Disabled founders experience 30% lower employment rates and face £570 more in monthly costs than non-disabled entrepreneurs.
- 33% of disabled entrepreneurs start their business out of necessity, not choice.
- Disabled entrepreneurs have only a 0.1% share of voice in the public sphere despite being over 20% of the UK population.
Resources for Overview of The Lilac Review and Why it Matters
- UK Disability History Month website
- The Lilac Review report and Disability Finance Code
- Episode #224: Barriers for Disabled Entrepreneurs
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