Vince Cable announces Entrepreneurs’ Forum

Vince Cable, the business secretary, has announced a new Entrepreneurs’ Forum, which provide him with informal and personal advice on new business and enterprise policies.

The Entrepreneurs’ Forum announcement was made at the beginning of Global Entrepreneurship Week, seven days of events to boost the profile of enterprise and startups across the globe.

The Entrepreneurs’ Forum will meet around four times a year, with a flexible schedule according to the material to be discussed. The first meeting of the Entrepreneurs’ Forum is expected to take place early in the new year.

Up to 26 entrepreneurs will sit on the Entrepreneurs’ Forum, with a significant proportion of women, including property tycoon Jan Fletcher, flooring mogul Dawn Gibbins and lingerie queen Sarah Tremellen. Indeed, increasing the rate of female entrepreneurs is one area the forum will be encouraged to look at.

“I’m delighted with the quality of the membership of my new forum, and look forward to bouncing ideas off them and hearing their views,” comments Vince Cable.

“People with the courage to start up a business will be crucial to driving the growth of the economy. Startups create jobs, stimulate innovation and provide a competitive spur to existing businesses to encourage them to increase their productivity.”

Members of the Entrepreneurs’ Forum were chosen on the basis of individual experience and advice they can provide on new business and enterprise policies. The Entrepreneurs’ Forum model will follow that of other groups, such as the Prime Minister’s Business Advisory Group, the Secretary of State’s Business Advisory Group, and the Small Business Economic Forum.

“The ever-changing economic environment represents an incredible opportunity for those willing to take a risk, for small businesses to flourish and for innovations to drive growth and create jobs,” a press statement from BIS added. “The forum is part of the government’s agenda to engage with business people to hear their views on unleashing enterprise and encouraging entrepreneurship as an alternative career.”

The creation of the Entrepreneurs’ Forum follows on from a range of other announcements made by the government at the start of November. You can read about them here.

More on the Entrepreneurs’ Forum later today.

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