Council support helps to launch 150 new start-ups in Tower Hamlets

Start Up 001

More than 150 brand new businesses are now up and running in Tower Hamlets thanks to a council initiative to help get start-ups off the ground.

Since October 2016, the council has invested more than £655,000 in support for entrepreneurs looking to go into business on their own.

Last week, graduates from the Start-Up Ready programme came together at the Whitechapel Enterprise Hub to recognise each other’s achievements over the past two years.

Among them was Giuliano Dore, whose mobile barber company, Get Groomed, was launched with help from the programme.

Giuliano said: “Start-Up Ready helped us transform a humble idea into a business with an impactful outcome.

“The programme helped us connect with professionals in the start-up industry to bootstrap our project and reach our goals in a period of time that defied our biggest dreams.”

Last week’s event culminated in the presentation of certificates for all those who had taken part.

Cllr Motin Uz-Zaman, Cabinet Member for Work and Economic Growth, was on hand to congratulate those who have taken the leap into the world of entrepreneurship.

Cllr Uz-Zaman said: “It was inspiring to hear about the difference that our Start-Up Ready programme has made to the development of these businesses.

“Setting up your own is always a daunting process and I’m delighted that the council has been able to provide the financial and training support required to make dreams a reality for so many people.

“We’re committed to making Tower Hamlets a borough where aspiration and independence thrive. I look forward to seeing these businesses continue to grow and succeed.”

The Start-up Ready programme consisted of a four day training course for local residents with a proven interest in establishing a business.

It was delivered in partnership with the London Small Business Centre, part of the NWES Group.

The programme allowed Tower Hamlets residents to develop the practical skills required to becoming an entrepreneur including:

  • Creating a business plan
  • Book keeping and accounting
  • Choosing a business model
  • Learning effective marketing techniques
  • Understanding intellectual property
  • 1-to-1 business support

Those who completed the training element were given access to further advice and support as well as business networking opportunities.

Since its launch in October 2016, the Start-Up Ready programme has achieved the following outcomes:

  • 345 entrepreneurs have graduated from the programme
  • 152 businesses have been created and are fully operational
  • £655,000 worth of grants awarded to 168 start-up businesses
  • 25 third sector/social enterprises have been supported
Posted on Thursday 7th March 2019