Member Article

European Commission names Cambridge scheme ?Best Enterprising Project?

A Cambridge-based startup support scheme has been named as the best enterprising project in Europe during Global Entrepreneur Week which ended on Sunday 18th November.

The Outset Project, which is run by growth and support firm YTKO, seeks out vulnerable groups of people and helps them to realise their potential to set up in business or self-employment.

Community groups are set up by Outset along with local authorities across the country, which allow people to meet at community centres, libraries and job centres and work alongside YTKO clients to receive help and advice.

Outset was awarded the Grand Jury prize at the European Commission’s European Enterprise Promotion awards this year, after collaborating with over 6,000 people.

As a result of the work done by Outset, 1,200 people have set up their own businesses which have subsequently created 1,400 jobs.

Business Secretary, Vince Cable, said: “It is great news for YTKO that its approach in promoting enterprise to disadvantaged and vulnerable groups in the UK has been recognised.

“They have shown that if you have the passion to start a business you can make it a success. Their achievements will ultimately help to boost jobs and growth across the country and they are to be congratulated.”

The Vice-President of the European Commission, Antonio Tajani, who is responsible for industry and entrepreneurship commented: “The remarkable work of this year’s entries proved just how crucial a time it is for Promoting Entrepreneurship across Europe.

“Entrepreneurship can be truly transformational for individuals and communities. It is important to recognise the value of organisations like the Outset project which help to create a platform for new start-ups. In the current economic climate we need more such initiatives.”

The Vice-President announced that he will table an action plan for entrepreneurship before the end of the year to encourage self-employment and business start ups across Europe.

This was posted in Bdaily's Members' News section by Miranda Dobson .