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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Labour says it will use state bank to fund female-led businesses

The politician in a TV studio
Tulip Siddiq will also announce a target for businesses led by ethnic minority founders. Photograph: Jonathan Hordle/Shutterstock

Labour plans to set targets for funding female-led businesses through the state-owned British Business Bank and to launch a review of the financial exclusion of women, if it wins the next general election.

The initiatives, which will be announced on Monday by the shadow City minister Tulip Siddiq, form part of the party’s financial inclusion agenda, following a review by 10 City grandees earlier this year of Labour’s financial services strategy.

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