Create Equity is launching an investment fund for ethnically diverse and female founders in the creative industries, media, and sport. The Create Equity Fund (CEF) is a new venture fund, bringing together several entrepreneur networks (including Create Equity) and specialist media investor Station 12. The fund’s objective is to address the historical underinvestment in Black, ethnically diverse and female founders.

Just 4% of venture capital investment go to all ethnic teams, while they represent 14% of the UK population. Less than 3% go to all female founder teams. The market demand exists. Demand from Black- and ethnically diverse-led enterprises represent 10% of the UK entrepreneurs, whilst female-led enterprises represent 37%.