Vince Cable has announced the formation of a new 40,000-strong network of business mentors, designed to help UK entrepreneurs develop their companies. The business secretary is urging existing businesspeople to sign up to offer assistance to new start-ups and growing companies, plus those seeking financial support.
From summer 2011, there will be a single online gateway to mentoring provision for those offering support and those seeking mentoring. Mr Cable commented that the best people to advise new entrepreneurs and existing businesses are those who have already started and run successful companies.
"Mentoring is a very effective way of promoting start-ups, higher productivity and growth amongst established businesses, so I am delighted to announce this new network," he said.
Business and enterprise Minister Mark Prisk added that in the current economic climate, it has never been more important to promote an enterprise culture in the UK. "Mentors play a crucial role in advising, supporting and encouraging entrepreneurs and small businesses. This new mentoring network will be invaluable for businesses all over the country," he stated.
Six of the UK's leading banks recently joined forces to form a £1.5 billion business support fund, geared toward supporting small company growth.
Gareth Osborne, Director General of APA, has praised the new scheme but warns: “In the past business ‘gurus’ enlisted to support entrepreneurs have been rendered ineffective when surrounded by too much bureaucratic process and BIS will have to work hard if I is to make this initiative effective. I do however support the brave step and hope the right people ge involved.”
APA has its own mentoring scheme for PAs. Details can be fund with the Members’ Area of the APA website.
APA
From summer 2011, there will be a single online gateway to mentoring provision for those offering support and those seeking mentoring. Mr Cable commented that the best people to advise new entrepreneurs and existing businesses are those who have already started and run successful companies.
"Mentoring is a very effective way of promoting start-ups, higher productivity and growth amongst established businesses, so I am delighted to announce this new network," he said.
Business and enterprise Minister Mark Prisk added that in the current economic climate, it has never been more important to promote an enterprise culture in the UK. "Mentors play a crucial role in advising, supporting and encouraging entrepreneurs and small businesses. This new mentoring network will be invaluable for businesses all over the country," he stated.
Six of the UK's leading banks recently joined forces to form a £1.5 billion business support fund, geared toward supporting small company growth.
Gareth Osborne, Director General of APA, has praised the new scheme but warns: “In the past business ‘gurus’ enlisted to support entrepreneurs have been rendered ineffective when surrounded by too much bureaucratic process and BIS will have to work hard if I is to make this initiative effective. I do however support the brave step and hope the right people ge involved.”
APA has its own mentoring scheme for PAs. Details can be fund with the Members’ Area of the APA website.
APA
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