Established businesses are being urged to help new and growing SMEs in a bid to support entrepreneurial spirit.
East Durham Business Service (EDBS) is calling on large and successful companies to help with funding for their business advisors so that they can continue to help ambitious entrepreneurs pursue a path into self-employment.
EDBS, based in Novus Business Centre in Peterlee, employs two advisors, Hina Joshi and Joe Greener, who have forged strong relationships with businesses in the area.
Operations director Denise Fielding said: “There is little funding out there that can be used to support our business advisors, but it’s vital that we continue to provide this service to budding entrepreneurs.
“We would love to see some of the bigger companies in the area – those companies that have grown and are now recognised employers – sponsor our advisors which will ensure they are able to help people who want to set up their own business. Last year they supported over 50 people into self-employment which is having a positive impact on East Durham’s business community.
“What we’re saying to businesses is do your bit to ensure our area continues to flourish. Success breeds success and new and growing SMEs are just as important as the bigger multi-nationals and home grown businesses.”
Many of the businesses that have been supported by EDBS are growing, either in the organisation’s two business facilities, Novus Business Centre in Peterlee and Novus II Business Centre in Seaham, or elsewhere in the area.