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Because of an enduring perception that external finance is difficult to obtain, a number of apparently successful businesses that participated in the CEEDR study had been started without an approach to any bank, even though the business owners recognized that such finance would have been welcome at the time.
Designed and supervised by CEEDR staff, the survey was contracted to a market research company who used a team that included members of ethnic minorities, as well as 'white' interviewers.
CEEDR (2000) 'Researching the Needs of African Caribbean Business Owners in London', a report commissioned by Government Office for London, Centre for Enterprise and Economic Development Research, Middlesex University.
DAVID SMALLBONE is Professor of Small and Medium Enterprises at Middlesex University and Head of the Centre for Enterprise and Economic Development Research (CEEDR).
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