New business mentoring network

 

Vince Cable has announced a new 40,000-strong network of business mentors at the launch of Global Entrepreneurship Week, and called on more businesses to join up.

Vince Cable wants to see as many business people as possible sign up to mentor new and growing businesses. To make it easier for people to get the mentoring help they need, the Business Secretary outlined the government’s plans for a new single network of mentoring providers. This network of experts will help start-ups, growing companies and businesses seeking financial mentoring.

For the first time, business mentoring networks are joining forces to improve access to mentoring provision for both mentors and those looking for mentoring support. More mentors will be encouraged to commit to the network over the coming months.

Business Secretary Vince Cable said: “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 among established businesses, so I am delighted to announce this new network.

“I also want to encourage more businesses to sign up and offer their support and guidance. We need as many successful mentors as possible to guide the next generation of entrepreneurs and businesses.”