LGBTQ+ businesses contribute £106 billion to UK economy, landmark report finds

The LGBTQ+ Business Count was based on the largest-ever survey of UK LGBTQ+ entrepreneurs (Image: Pixabay)

LGBTQ+ businesses in the UK contribute a staggering £106 billion to the economy, according to a landmark report published today (28 Oct).

The first-of-its-kind LGBTQ+ Business Count report was compiled in partnership between OutBritain, the UK’s first LGBTQ+ chamber of commerce, and Open Economy Network (OPEN), a think tank focused on diversity and tech, to fill a hole left by official UK data about the LGBTQ+ businesses.

Based on the largest-ever survey of UK LGBTQ+ entrepreneurs, the report found that there were around 250,000 LGBTQ+ businesses in the UK that employ at least 750,000 people, with 57% employing a majority of LGBTQ+ people.

“Business tends to lag behind society as a

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