Thursday, January 6, 2011

News: Government focused on growth and job creation


The Government has announced a new business improvement delivery package and the national rollout of the New Enterprise Allowance (NEA) that supports unemployed people in becoming self-employed.

Regional Business Link services will close by the end of the year to be replaced by an improved website and a national contact centre. In October Yorkshire Forward negotiated an extension the Business Link Yorkshire contract after securing approval from the Department of Business Innovation and Skills to provide continued funding beyond March 2011.

The government also set out plans for a network of at least 40,000 experienced business mentors offering practical advice to existing businesses and people who want to start a business and "Business Coaching for Growth" that aims to back high growth SMEs to enable them to realise their potential.

Business and Enterprise Minister Mark Prisk said: "In the current economic climate, it has never been more important to promote an enterprise culture in the UK. It is vital that businesses have the information, advice, and mentoring they need to grow and expand.

"The best people to advise small businesses are those who have already started and run successful companies, so it is particularly important that this new framework for helping businesses to improve focuses on providing access to business mentors."

The New Enterprise Allowance (NEA) aims to create up to 40,000 new businesses by 2013. It will give people who have been unemployed financial support for their early months of self-employment, access to a start-up loan, and an expert business mentor to help guide them through the early months of their business.

In order to claim the allowance they will need to develop a business plan, and secure the agreement of their proposed mentor that it is viable.

Employment Minister Chris Grayling said: "We will only get our economy back on track when we create a climate in which the private sector can grow and develop, creating jobs and opportunities for people across the country.

"By expanding the New Enterprise Allowance we can ensure that those who find themselves out of work but with a good idea get the right advice to turn that idea into a successful business venture."

Prime Minister David Cameron added: "Throughout this year and beyond we will be focused relentlessly on supporting growth and driving job creation across our economy. Backing new enterprises to start up and small businesses to grow will be what transforms our economy and will deliver the many thousands of new jobs we will see created this year.

"It is vital that we ensure businesses, and those people who find themselves out of work but have the drive and desire to set up their own business, have all the advice, support and mentoring they need. Together we can make the years ahead some of the most dynamic and entrepreneurial in our history."

Business Link website
BIS website


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