Small firms to get help in £30m mentoring plan

  • 5-23-2013

The Government is set to launch a £30m mentoring programme for small firms seeking advice on developing their businesses.

It has agreed to introduce a series of recommendations put forward by the prime minister’s enterprise adviser, Lord Young.

Young recommends a £30m growth voucher scheme in which firms would be given vouchers that could be used to seek specialist help on expanding their workforce, marketing, financial management and online trading.

Former cabinet minister Lord Young also suggests extending the Government’s start-up loan scheme, at present available only to under-30s, to people of all ages.

Lord Young says: “Growing our smallest businesses would transform our economy – they are the vital 95 per cent. If just half of the UK’s micro-businesses took on an additional member of staff, unemployment would be reduced to almost zero.”

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