Nov. 7, 2012
-- Over 500 newspapers throughout the UK have again teamed up with top business Dragon Deborah Meaden to launch this year’s Local Business Accelerator (LBA) Scheme. G10 Global believe the re-emergence of the scheme will be a major boost to entrepreneurs attempting to grow their businesses in times of economic difficulty. The LBA, which officially opens today, has also received support from a number of important public figures including Prime Minister David Cameron and governor of the Bank of England Mervyn King.
According to the LBA a total of £15m worth of free advertising and business mentoring is on offer to firms that have been running for between one and five years. Although this rules G10 Global out of the running, Managing Director George Kennedy believes his company will still benefit from the scheme. He explained: “What we are doing here at G10 Global is showing people exactly how to thrive in times of recession by simply working hard and taking your future into your own hands. The business news is dominated with closures, struggling companies and unemployment stats but what the LBA shows is that behind the scenes a lot of people believe that the entrepreneurs in this country can get us back on track.”
The LBA’s national ambassador Deborah Meadon said recently: "I am delighted to be supporting the initiative once again. Enterprise and entrepreneurism in the local community is more important than ever before and I look forward to finding another young business to mentor and drive forward.” G10 Global followed the scheme last year and are delighted to see the Ilkley Brewery in Yorkshire - last year’s winners - going from strength to strength. The brewery firm has doubled its orders, expanded and employed additional members of staff and is still receiving mentoring support from Deborah Meaden.
Even the Prime Minister is lending his support to the campaign. “The Local Business Accelerators campaign has provided tremendous support to fledgling businesses across the country and I am delighted that it will be running for a second year,” said David Cameron. “I hope more young businesses put themselves forward over the coming months and get involved with this innovative scheme, which rewards entrepreneurship and creative thinking in business.” G10 will again follow the competition and look forward to promoting some more success stories in the years to come.