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Start-Up Scheme Launched to Boost Economy

Start-Up Scheme Launched to Boost Economy

David Cameron has launched a new initiative - Startup Britain. The scheme which is being led by a handful of the UK's most successful entrepreneurs aims to assist Britain's small businesses in what is a response by the private sector to the Government's call for an 'enterprise-led' recovery.

The private sector platform will see established businesses provide millions of pounds worth of support to Britain's entrepreneurs and SMEs with Barclays, Microsoft and Virgin Media backing the venture.

Canadian mobile manufacturer RIM has pledged free guides to BlackBerry owners and AXA has offered 10 per cent off of new insurance quotes.

Google will provide each new business with a free amount of Adwords advertising, with HP providing 10 per cent off any online purchases and mobile operator O2 will provide a free month's line rental.

British Prime Minister, speaking of StartUp Britain, said:

"We won't build the future we want to see in this country if we go back to the bad old days of big Government spending, big borrowing and big debt. The recovery we need is a private sector-led recovery, a recovery with 'Made in Britain' stamped all over it.

We put out a call to business to rise up and help us drive the recovery and StartUp Britain is part of the answer to that call. That's what's really exciting about this. The people best placed to help business are the people who do business."

The initiative will entitle new companies to claim a support package worth £1500, supported by British Finance Taskforce and the British Bankers' Association.

To help boost business intelligence, the Government has announced new measures to provide 250,000 young people with loans of ten pounds to get a taste of what it is like to run their own business.

Higher education institutions have been asked to create new "Enterprise Societies", helping to focus business knowledge and generate ideas.

In the scheme, new businesses will also have the opportunity to pitch ideas on how Government businesses could be streamlined and run more cost effectively with the best suggestions providing businesses with a chance to receive mentoring from some of the country's top entrepreneurs.

UKFast has been a pioneer of online growth and innovation since its inception ten years ago. Our primary focus is to help our customers accelerate their online business, because if our customers grow, so do we.

Building Online Britain is a project run by UKFast which aims to help UK businesses achieve more from their websites through speed and innovation.

UKFast has made a £1million pound Growth Through Innovation (GTI) fund available for website owners to increase the speed of their website in order to compete more effectively in the marketplace. We hope that through this fund thousands of UK businesses will accelerate their success online.


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