Birmingham growth accelerator prepares to spark city’s would-be entrepreneurs into action

A GROWTH accelerator set up in Birmingham to support entrepreneurs looking to take their first tentative steps into the business world is set to begin the second phase of its recruitment programme.

Entrepreneurial Spark was launched by NatWest at the start of the year from a new hub based in the bank’s office at St Philip’s Place.

The initial phase of the project attracted 120 fledgling firms; all wanting to take advantage of a free package of support including desk space, ultra speed wifi, mentoring and regular events.

Lee Currier, entrepreneur development manager for NatWest, said: “Birmingham has always been a city of a thousand trades, so it’s little surprise that as the economy improves more people are considering self-employment.

“However, it is a big leap to take, with many saying they feel they lack the knowledge and support to do so. NatWest wants to fill that gap and, in partnership with Entrepreneurial Spark and KPMG, is offering another round of our free business accelerator in Birmingham.”

Ian Moffatt, head of national markets at KPMG, said: “While the idea of being your own boss may sound tempting and even glamorous, the reality is that for many people starting out on your own and taking that leap into the unknown can be a truly daunting, and even lonely experience.

“Couple this with the burden posed by administrative red tape, and the confusion caused by the myriad of incentives, reliefs and schemes that are available to assist small companies, and it’s no small wonder that entrepreneurs consistently tell us that they need more support. This is why the support and guidance provided by Entrepreneurial Spark, with support from NatWest and KPMG, is so vital.”

The scheme has the backing of the government.

Business Minister Anna Soubry said: “I welcome the continued work of (the) hub in Birmingham, which plays an essential role in promoting enterprise in the region.

“This, along with initiatives like the government-backed Business Navigator Growth Hub, ensure businesses can access the support they need to succeed, when they need it. We will continue to back entrepreneurs across the country and promote schemes that drive innovation and create jobs for hard-working people.”