Enterprise growth
THE cost of creating entrepreneurs in the North East has come in at around £16,000 each over the last three years.
The figures emerged as the Entrepreneurs’ Forum - one of a number of organisations to have benefitted from £16.3m of public money invested by One North East (ONE) in creating an enterprise culture - launched its second If We Can, You Can campaign to find Teesside’s best new business brains.
According to ONE, publicly-backed enterprise activity across the region, which targeted 11-year-olds to adults, directly created or helped safeguard 1,081 jobs, helped create 2,734 businesses and supported a further 1,921. But, most significantly, the North-east went from zero to hero in the enterprise stakes. From one of the lowest incidences of entrepreneurship, over the last five years it experienced faster than average growth in new businesses established.
Latest government figures for VAT registrations showed a net increase of 2,075 businesses in the North-east - the highest of any region.
For more on the If We Can, You Can campaign, log on to nebusiness.co.uk
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