Small Business Minister Nigel Griffiths today gave the green light to Ј14.5 million in grants to 46 new projects which aim to support thousands of budding entrepreneurs in deprived areas.
The Phoenix Fund, run by the Small Business Service, supports organisations in England that are seeking to develop new and imaginative ways of helping people in disadvantaged communities set up and run successful enterprises.
Announcing the successful winners the Minister was joined by David Irwin head of the Small Business Service. Nigel Griffiths said: "If economic growth is to be maintained it is critical there is an increase in the number of people starting new businesses. We are encouraging people who face more hurdles when launching their ideas such as older people, people from disadvantaged groups, inner-city areas and women.
"Creating a business friendly culture is key to increasing the number of people trying to start a business."
