Cable announces new national network of business support volunteers

I missed this. The Central Office of Information news distribution service carries a story regarding Vince Cable’s announcement that he plans a 40,000-strong national network of volunteer business mentors.

The Business Secretary says: “The best people to advise new entrepreneurs and existing businesses are those who have already started and run successful companies. Mentoring is a very effective way of promoting start-ups, higher productivity and growth amongst established businesses, so I am delighted to announce this new network.”

While I acknowledge  that there is an appetite amongst many entrepreneurs for less formal mentoring and peer support, this does not seem especially good news if you believe — as I do — that effective business support, especially for new-starts, is best delivered as a planned process of business development…

Read the full story here.

With thanks to John Goodman at Co-operativesUK for this pointer and to Jim Brown of Baker Brown Associates who mentioned it to him.

  1. Rosalyn Reply

    As someone who works with new start up entrepreneurs I welcome this commitment and look forward to hearing more.

    I would love to see a young people specific version of this too.

    Rosalyn Clare

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