Structures of Exclusion from Enterprise Finance

Julia Rouse and Dilani Jayawarna
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Julia Rouse: Manchester Metropolitan University Business School, Aytoun Building, Aytoun Street, Manchester MI 3GH, England
Dilani Jayawarna: The University of Liverpool Management School, The University of Liverpool, Chatham Street, Liverpool L69 7ZH, England

Environment and Planning C, 2011, vol. 29, issue 4, 659-676

Abstract: Business start-up is promoted to the labour-market disadvantaged internationally. This policy increasingly draws on the concept of social inclusion. In this paper we define ‘enterprise inclusion’ policy as situating the chance to start a viable business as a right and supporting the multiply disadvantaged to overcome strong barriers to enterprise. We draw on the resource-based view of entrepreneurship to argue that viable business ownership is contingent on access to resources. We explore how access to a primary business resource—start-up finance—relates to intersecting social disadvantages. We report a complex pattern of financial exclusion. Rather than supporting the concept of interconnecting yet separate social divisions, as argued under social inclusion theory, this supports a class-based interpretation of exclusion from enterprise finance. New research and policy agendas are outlined.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envirc:v:29:y:2011:i:4:p:659-676

DOI: 10.1068/c0761b

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