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Vince Cable celebrates Global Entrepreneurs Week

Vince Cable celebrates Global Entrepreneurs Week

The government is determined to get rid of quangos and yet advisory groups are already popping up around the small business regulations and tax issues that affect contractor accountants and their clients.

On Monday, Vince Cable, the business secretary, created the Entrepreneurs’ Forum to advise the coalition on business and enterprise policies. The group, which is made up of high profile entrepreneurs, will meet four times a year to give informal and personal advice. 16 entrepreneurs have already been appointed to the forum, including Jan Fletcher and Sarah Tremellen, and there may be up to 10 more members.

Setting up the Entrepreneurs Forum was one of the ways Vince Cable marked the start of Global Entrepreneurship Week. He also created a new business mentoring network. The network consists of around 40,000 business mentors who will help start-up enterprises across the country access information and advice on running a successful business.

The business secretary called on firms around the country to join the mentoring network. People who have started up their own successful company have to be the best mentors for new start-ups, he commented.

Cable also remarked that start-up businesses and limited company contractors are going to be important to the country’s overall economic recovery. He said that not only do start-ups create jobs, they stimulate innovation and provide competition for existing businesses which encourages them to increase productivity.

Recently, the government confirmed that the Enterprise Finance Guarantee scheme will continue for the next four years. About £2 billion will be made available to firms through the scheme.

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Image: Group Hug!! by Dee’lite

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