2. Building an environment where entrepreneurs and small businesses can continue to thrive
There are 38 Growth Hubs in England. They’re local places where budding business people can get help and advice from those in the know.
3. Making it easier to access finance
Startup Loans provides start up finance and up to 12 months of mentoring support. Over £54 million worth of loans have been accessed by 18 to 24 year-olds since 2012.
Our very own British Business Bank has a new Finance Hub to put businesses in touch with finance options.
4. Working hard to make sure you get paid on time
Unfortunately some businesses make a habit out of paying invoices late, which makes things difficult for a small business. But we’re asking for your opinions on how to tackle this problem, with a consultation open until November 29. We recently introduced new laws to make it easier for small businesses to access invoice finance, providing a £1 billion long-term boost to the economy.
Our Enterprising Britain Awards 2018 honoured a range of projects that support young entrepreneurs all over the UK. These include Darwen Aldridge Community Academy, Lancashire and Teeside University where lots of good work is going on.
We are supporting and encouraging entrepreneurs by shaping an environment where they can continue to thrive. This is part of our modern Industrial Strategy.