New investment for 10,000 more volunteer business mentors
The Coalition Government is investing £1.2 million in order to recruit and train 10,000 new mentors in a bid to boost support for entrepreneurs and stimulate the economy.
The money will be used to support the Small Firms Enterprise Development Initiative's new 'Get Mentoring' scheme for volunteers from small-to-medium businesses who may not otherwise be able to afford to get involved.
Coming on top of funding announced earlier this month for 5,000 mentors who are specifically meant to support female enterprise, today's investment will bring the total number of volunteers available through a new mentoring portal to around 26,000.
The portal, www.mentorsme.co.uk, was launched in the summer to give entrepreneurs access to support from experienced business people and is operated by the British Bankers Association.
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