Knowledge Centre
9th January 2009
A £35 million business start-up scheme for the North West has been given the go-ahead.
The new Business Start Up programme is set provide support for 12,700 new businesses in the area, and is intended to create 23,000 jobs over the next five years.
The programme will begin on 31 March 2009, replacing a scheme that the Government says has already helped 3,000 people set up a business in the area.
Business secretary Peter Mandelson confirmed the new scheme on Thursday. Addressing local business leaders in Salford, he said: "Nurturing and protecting start-ups and young businesses through this downturn will lead us into the upturn that will follow."
The North West Regional Development Agency (NWDA) and the European Regional Development Fund (ERDF) will part-fund the scheme, with local authorities invited to add money.
Steven Broomhead, chief executive of the NWDA, said: "We are listening to the established businesses in the region and responding to their needs with a package of business support measures but it is also vital for our future growth that we continue to help and encourage business start-ups."
"We are fully aware that it is a tough business climate at the moment, but we have a robust and diverse economy and it is important that in 2009 we are developing a business culture of realistic optimism."
Information and advice on the start-up scheme will be available through Business Link Northwest.
£35m start-up scheme given go-ahead
The new Business Start Up programme is set provide support for 12,700 new businesses in the area, and is intended to create 23,000 jobs over the next five years.
The programme will begin on 31 March 2009, replacing a scheme that the Government says has already helped 3,000 people set up a business in the area.
Business secretary Peter Mandelson confirmed the new scheme on Thursday. Addressing local business leaders in Salford, he said: "Nurturing and protecting start-ups and young businesses through this downturn will lead us into the upturn that will follow."
The North West Regional Development Agency (NWDA) and the European Regional Development Fund (ERDF) will part-fund the scheme, with local authorities invited to add money.
Steven Broomhead, chief executive of the NWDA, said: "We are listening to the established businesses in the region and responding to their needs with a package of business support measures but it is also vital for our future growth that we continue to help and encourage business start-ups."
"We are fully aware that it is a tough business climate at the moment, but we have a robust and diverse economy and it is important that in 2009 we are developing a business culture of realistic optimism."
Information and advice on the start-up scheme will be available through Business Link Northwest.
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