The business case for working with ethnic minorities & other communities (continued)

• S. Asians, Chinese & Arabs are more likely to be self-employed. Amongst Asians, women are less likely to be employed, particularly Pakistani and Bangladeshi communities.

• 87% of Asians are owners/occupiers of homes and have more than 2 cars per household.

• Afro-Caribbeans are more likely to live in rented accommodation - largely due to the higher number of single adult households.

• The majority of Asians own computers and there is high penetration of cable and satellite in both Asian and black households.

• Top leisure priorities are fitness, holidays, entertainment, music.

• The minority ethnic population grew by 48 per cent between 1991 and 2001, from 3.1 million to 4.6 million.

• There are approximately 250,000 minority ethnic enterprises in the UK, contributing approximately £13 billion a year to the British economy.

• The collective wealth of the richest 300 Asians in Britain in 2004 totalled £14.3 billion

• Research by the Bank of England in 1997, gave the annual income after tax of people from minority ethnic backgrounds as £15 billion, contributing to £36 billion UK GDP. Figures now being quoted in other sources assert that this figure has risen dramatically. One publication estimates that Black and Asian consumers earn £156 billion after tax.

• ETHNOS, a leading researcher into the minority ethnic population stated that in 1997, minority ethnic groups in London alone, generated £7.2 billion, the equivalent of 15 per cent of the capital’s disposable income.

• Research by the Institute of Practitioners of Advertising (IPA) shows that young Asian and Black men are big spenders – £32 million every year.