David Cameron is today launching Startup Britain, a new entrepreneur-led initiative to help boost enterprise.
Launching this morning, Startup Britain will see big corporate firms providing support for Britain's new startups.
So far, over 60 leading brands have pledged millions of pounds to Startup Britain, including discounts on insurance, free broadband, free advertising, office space and more. In total Startup Britain will deliver a benefit package that represents over £1,500 in value for every startup company in Britain.
Startup Britain is a major new campaign launched by Prime Minister David Cameron, and is a response to his call for an enterprise-led recovery. We'll be at the launch ceremony this morning, and will report back to you.
Startup Britain aims to be a champion for the UK’s 270,000 businesses that start up every year aiming to help drive growth by accelerating, inspiring and celebrating Britain’s start-up talent.
"We need to see a country where new businesses are starting up on every street, in every town; where entrepreneurs are everywhere," says Prime Minister David Cameron.
"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 face of the Startup Britain campaign is a unique web portal which will point the way to some of the resources available for business owners. It will be the first ever portal to bring together in one place the wide range of existing resources and will enable new businesses to access the package of support pledged to Startup Britain from international brands.
Emma Jones, founding member of Startup Britain and of Enterprise Nation, adds: “Startup Britain will inspire people to start a business who might not otherwise have considered it. It will celebrate entrepreneurship and accelerate the growth of those startup businesses that will in turn provide wealth, jobs and entrepreneurial legacy – which are all very much needed in the UK today.
The Government today also set out a series of measures to help inspire, support and grow business startups. These include:
- working with the Peter Jones Foundation to make Tenner Tycoon grow tenfold, leading to 250,000 young people across primary, secondary and further education being loaned ten pounds to experience running a business.;
- support for every school in England to run its own business through the Enterprise Champions Programme;
- the creation of enterprise societies in every University and most Further Education Colleges to develop students with the ambition and skills for enterprise; and,
- A new online tool enabling small businesses to pitch their ideas on how they could do the business of government more cheaply or more efficiently. The best pitches will be hand picked by a community of civil servants and will receive intensive mentoring from several of Britain's best entrepreneurs.
Company pledges to Startup Britain include:
- AXA will offer 10 per cent off business insurance
- BlackBerry will offer 1,000 free Start Up Guides
- Microsoft will train 5,000 start-ups in how to use technology to drive their business and marketing activities, including free technology resources worth up to £400 per company
- Google will support start ups, initially by providing them with a limited amount of free advertising
- Regus will offer one month free businessworld membership
- O2 to offer one months free line rental
- PayPal will offer three months free fees for new accounts when signing up to a Powa.com website
- Fujitsu offers a 30-day free trial and/or 10% off the annual costs of IT storage/processing requirements via its online “Cloud” service
- McKinsey & Co will join with leading employers to launch Entrepreneur First to encourage our most innovative graduates to start up their own business
- YouGov and UCL, working with StartUp Britain and in collaboration with Imperial College London will lead the development of a pilot Start-up Summer to stimulate, encourage and support student entrepreneurs.
We'll be at the official launch of Startup Britain later this morning - and will report back. You can follow our live tweets from the event.