Business support available for innovative graduates
Fri, 25 Sep 2009
Graduates interested in starting their own business should note that state support may be available to help them become self-employed.
The government is launching Flying Start, a scheme which will see £1 million invested in 5,000 graduates, who will be offered a place at one of 50 rallies aimed at inspiring small business innovation.
Commenting on the scheme, Dan Hawes, co-founder of the Graduate Recruitment Bureau, stated that degree holders with entrepreneurial flair "need to be harnessed to provide the seeds of growth for UK Plc".
He added: "The government is obviously keen to keep the unemployment figures down and have several initiatives to help graduates into work, which is a good thing.
"The business environment at this time is very challenging so graduates will need to consider the financial risk and their minimal business know-how, but with a good idea and plenty of hard work they will succeed."
According to the Association of Chartered Certified Accountants, almost two-thirds of Brits would like to be their own boss.
This entrepreneurial spirit is especially evident among 25-34 year olds, with three-quarters aspiring to one day run their own company.
Some 96 per cent of those surveyed claimed that small enterprises remain vital to their towns and cities.
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