Sir Richard Branson has teamed up with TEDCO to help young entrepreneurs across the region.
TEDCO, which merged with the North East Business and Innovation Centre (BIC) earlier this year to provide a comprehensive business support provision for the region, will work with Sir Richard on his Virgin StartUp organisation; a not for profit company offering financial support, mentoring and business advice to young entrepreneurs age 18-30.
TEDCO will be the main access point for people in the region looking to access funding through Virgin StartUp and its team of advisors will help young entrepreneurs to develop robust business plans to increase their chances of accessing funding.
The business support provider has won the contract on the back of its success in delivering the Ready for Business programme, which has helped to create nearly 2,300 new businesses over the past 12 months across the UK.
Working in partnership with other regional enterprise agencies around the UK, TEDCO is part of the Cavendish Consortium and it is this same consortium of enterprise and business support agencies which has won the national contract with Virgin StartUp thanks to its ability to deliver national programmes with on the ground regional expertise.
Carole White who has recently taken over at the helm at TEDCO said: “I’m delighted that Sir Richard has recognised how we can enhance his offering across the whole country with our regional experts.”