Decision details

Support Provided to Business Start-ups in Staffordshire

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Updating Cabinet on the work Staffordshire County Council and partners are doing to support business start-ups in Staffordshire.

Decisions:

 

Staffordshire is one of the best places in the UK to set up and grow a business and we want to encourage more of our citizens to make their business ideas a reality by providing high quality and accessible support.

 

Start-ups and SMEs employ thousands of people in Staffordshire and support for them forms part of our economic recovery plan in response to the Covd-19 pandemic. We have excellent survival rates for new businesses in the county and we recognise that during recessions more people embark on setting one up. As a county council we have already invested £360,000 in our start-up scheme. This will be enhanced by a new Start Up Loans Scheme, a Student Start Up Scheme and the creation of a digital Start Up Prospectus for potential new business in Staffordshire.

 

We continue to work with the LEP and other partners to increase start-ups across the county and put additional support programmes in place where there may be gaps in national provision”.

 

Philip White, Deputy Leader and Cabinet Member for Economy and Skills

 

 

Reasons for the Decision – To consider the support provided to Business Start-ups in Staffordshire including proposals for a new Start Up Loans Scheme, a Student Start Up Scheme and the creation of a digital Start Up Prospectus for potential new business in Staffordshire.

 

Decision – (a) That the various programmes available to residents across the County interested in starting their own business be supported

 

(b) That the production of an electronic Start Up Prospectus be supported with the final document being signed off by the Deputy Leader and Cabinet Member for Economy and Skills.

 

(c) That the progress being made to identify the County Council properties that could be used as incubation space in an Enterprise Quarter for Start-Up’s be noted, and that any final business case be agreed through Property Sub-Committee.

 

(d) That the funding and delivery of a student start-up programme targeted at young people in the final year of further education with aspirations to progress into self-employment for an initial 3 years with the potential to extend for a further 2 years, as detailed in the report, be agreed.

Report author: Nicola Kent

Publication date: 19/11/2020

Date of decision: 18/11/2020

Decided at meeting: 18/11/2020 - Cabinet

Effective from: 25/11/2020

Accompanying Documents: