Start-up support

News

The north west’s £35m Business Start Up programme has been given the green light after a visit from business secretary Lord Mandelson at the region’s Lowry Arts Centre.

The programme aims to increase regional economic output by supporting 12,700 new businesses and creating 22,900 jobs in the north west. This is expected to increase business survival rates amidst the economic downturn.

Funding will include £26.6m from the Northwest Regional Development Agency (NWDA) and £8.4m from the European Regional Development Fund (ERDF) over the next five years.

Welcoming the initiative, Mandelson said: ‘We need to train, nurture and support the Richard Arkwrights of the future. It won’t be cotton, but it will be bioscience, or green tech, or precision engineering or creative industries. Industrial activism has to be built on precise regional knowledge of what is needed in terms of infrastructure, investment and training.’

The Business Start Up programme will be accessed through Business Link Northwest, the region’s business support gateway, with advisers on hand to provide support, advice and training to entrepreneurs and young businesses.

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