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.
Business Minister Mark Prisk said:“Businesses tell us they want to get advice from other experienced business people and we know that those seeking support are more likely to succeed. Mentoring can deliver significant economic benefits from just a small commitment of time and resources.