Budding entrepreneurs in South Tyneside are being given a helping hand to get their ideas off the ground.
A new start-up initiative has been launched by Tedco Business Support Ltd.
We are confident Start and Grow will build on this successCarole White
The Start and Grow programme aims to support the ambitions of entrepreneurs in relation to sustainable growth and job creation.
The programme will replace the Ready for Business programme, which ran for three years and helped create 771 new businesses and 724 jobs in the region.
Carole White, chief executive of Tedco Business Support, said: “Ready for Business has been a proven success in the region, helping individuals set up new ventures and create new jobs from across a wide range of sectors.
“We are confident that Start and Grow will build on this success as our team of skilled business advisors get straight to work delivering the kind of tailored business support on a local level which turn ideas into thriving enterprises.
“Through our partners, Virgin StartUp, we are able to offer a range of additional programmes to help new businesses get up and running.
“TEDCO is the delivery partner for Virgin StartUp in the region, offering individuals low-cost business loans to provide much-needed finance to get a business off the ground.
“We are very focused on what Start and Grow can offer to regional business support and there is no doubt it will translate into new and successful businesses for the wider benefit of the local economy.”
The Start and Grow programme offers access to support that includes: one-to-one advice, business skills training, mentoring, access to finance support and business planning.
It gives the people the chance to develop their ideas and start their businesses with the best possible chance of success.
It will be delivered by start-up support agency Tedco Business Support based in Henry Robson Way, South Shields.
The programme specifically targets those who haven’t yet launched their business but are looking to achieve high growth and create employment opportunities from an early stage.
Supported by the Regional Growth Fund (RGF), it will be delivered by the Cavendish Consortium in areas where there are lower levels of business start-up.
It is also being supported by Virgin StartUP which will offer low-cost business loans.