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Issue:- 5 December 2013

£15M START UP NOW FUND TO CREATE 5,000 JOBS

THE launch of Start Up Now which will see £15 million allocated to new start ups across the North West over the next 2 years, creating around 3000 new businesses and over 5000 new jobs in the region.

Start Up Now is a new complete package for start ups in GM and the wider region, offering a suite of support, loans and services to entrepreneurs, all driven through unique bank referral arrangements.

This is a new development of the partnership between Business Finance Solutions (BFS) and the NatWest focusing on Start Up businesses, and will refer North West businesses seeking loans from NatWest to Start Up Now if the bank is unable to provide all the funding they need. NatWest predicts that they will refer over £10m of start up business to BFS via the new programme, with successful applicants receiving loans of up to £10k, a mentor, business advice and workshops, global offers from partners including PayPal and Regis and the full start up business package from NatWest including £1,000 of free start up benefits. Through this BFS initiative NatWest is the first major Clearing Bank in the country signed up to work with Start Up Loans as a formal referral partner.

Start Up Now, the North West arm of the national £150m Start Up Loans programme, was launched at Manchester's Midland Hotel by business leaders and partners including Chairman of Small Businesses at NatWest Peter Ibbetson; Chief Executive of Greater Manchester Growth Company Mark Hughes; Business Finance Solutions Director Paul Breen and EY Partner Simon Allport. The event also showcased a number of the Start Up Loans businesses that have received funding in the past year including:-

Former marine Michael Lawrenson who has applied for a loan for his security business in Wigan

Liudmila Gnativ who was referred to BFS by the bank with her business idea of opening a children's private day nursery in Oldham.

► Daniel Leeson and Mark Sixsmith who have run the Wobbleyou fitness studio in Manchester City centre for the past year after receiving the loan

► Daniel and Gina Buck, formerly unemployed, who used their loan to open the Micro Bar in Bolton Market, selling a wide variety of real ales

► Daniel Cieslak & Andrew Wainwright who run Angus & Belle, a dog grooming and accessories business

► Caroline Davies, who runs Tiny Ted, a children's clothing store in Congleton

Peter Ibbetson said:- "NatWest's partnership with BFS has been a great success and we want to continue to support small businesses throughout Greater Manchester and the North West. Our partnership has exceeded expectations resulting in NatWest providing 50% of all funding referrals to BFS who have provided more than £1million funding in the last 12 months resulting from our referrals which would not otherwise have been available to local businesses.  Start Up Now demonstrates the strength of our relationship as well as and shows the wider business community that we will continue to support local businesses as they develop."

Paul Breen of BFS said:- "This partnership between Start Up Now and NatWest means that we are creating thousands of businesses and jobs that simply would not otherwise exist. The banks have been criticized for not giving enough help to small business but from today, rather than turning away a potentially great business, NatWest advisors in banks across the North West are now able to refer them on directly to our Start Up Now team and if successful both the bank and BFS can work together to help the entrepreneur succeed. This is an effective and highly efficient way of bringing together the public and private sectors and is exactly what we need to be doing to support our entrepreneurs and to benefit and grow the North West economy for the future."

Over 700 BFS Start Up Loan recipients in the North West are now running their own businesses, creating employment and economic opportunities across Greater Manchester, Lancashire, Merseyside, Cheshire and Cumbria. The Start Up Now partnership with NatWest is the first of its kind to take place under the government's £150 million Start Up Loans programme and builds on the partnership agreement signed with former RBS CEO Stephen Hester in 2011 and on the launch of the Loans scheme by David Cameron in 2012. BFS was the first delivery partner in the country to make loans under the scheme and now manages the Loan Management Provision Service for over 30 Delivery Partners nationally. Since December 2012 BFS has managed over 4,500 applications and has awarded £30m Start Up Loans. Start Up Now is available to everyone over the age of 18 in the North West.   Email them or visit:- start-up-now.co.uk to learn more about Start Up Now and register.

UKIP parental leave views are 'simple sexism'

A North West England Liberal Democrat Euro-MP  has launched a blistering attack on UKIP for their sexist approach to Nick Clegg's proposals to update the system of parental leave. Currently fathers have less right to parental leave than mothers and under Clegg's proposals, both parents would have the right to share parental leave. UKIP MEP Paul Nuttall has claimed that "men and women are inherently different" and that:- "caring for babies comes much more instinctively to women" in condemning the new proposals. Davies said:- "Nuttall likes to make a big thing of his 'man in in a pub' persona but he seems to be forgetting that The Pub Landlord is a comedy character not a role model. Nick Clegg's proposals will let women and men decide for themselves how to divide up parental leave. Individual parents know what is best for their own situation and Nuttall's comments are straight out of the Victorian era. Given his comments on breast feeding he clearly doesn't know anything about inventions such as the breast pump or the fridge either. Since Godfrey Bloom left the party there seems to have been a vacancy for blatant sexism at the top of UKIP. Clearly Paul Nuttall is filling it with glee."

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