The Business Compass Start Up programme aims to help those in the region who need advoce or support to set up their own business.
Applicants will be able to access personalised business support packages from experienced business advisors and eSupport packages including workshops on company structure, business planning, sales, marketing and social media.
There are specific schemes for people looking to set up businesses in sectors such as healthcare and advanced manufacturing, people setting up high-growth businesses,people aged 18-30 and social enterprises.
It also offers workshops and meetings to share ideas, best practice and peer to peer networking with like-minded individuals.
The initiative has been launched by Tees Valley Business Compass, the Local Growth Hub for the Tees Valley Combined Authority, and will be administered by the North East Enterprise Agency Ltd (NEEAL).
Dave Budd, chair of Tees Valley Combined Authority, said: “Business Compass Start Up is a new initiative that supports the creation of new businesses in Tees Valley. The scheme aims to support economic growth with a number of new business investments and future job creation.
“The scheme offers personalised support for each individual and a wide range of workshops that will help put the businesses in the best position possible to succeed.”
Paul McEldon, chairman of NEEAL, said: “Launching your own business can be a daunting and confusing process, the new Business Compass scheme is there to help individuals across the Tees Valley make their aspiration of owning a business reality.
“I encourage anyone with a business plan or just an idea for a new business to take advantage of the opportunities the new initiative can offer.”
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