I was pleased to read about the the following two initiatives in the press this morning:
- Government launches start-up loans for young entrepreneurs
- MyBnk – a charity that delivers financial and enterprise education to 11-25 years olds by ‘doing it for real’ – (covered in the FT behind their porous paywall)
A strong entrepreneurial culture is key to having a successful startup ecosystem (along with innovation and finance/support infrastructure) and as the years go by ours is getting stronger here in the UK. There are a number of contributing factors, not least the growing number of success stories, but support from the government and media will really help the nation understand that entrepreneurship is important for UK plc and a valid and exciting career choice.
Great credit is due to the Cameron administration for being the first UK government to being the first in this company to really champion entrepreneurship. The evidence I have seen points to startups and innovation being only real option for sustainable growth, but startups don’t have the ear of government in the way that other larger institutions and companies do and previous governments have found them easy to leave off the agenda.