James Caan to chair new Board to distribute 82.5m on behalf of Government
James Caan to chair new Board to distribute £82.5m on behalf of Government
Support for next generation of entrepreneurs to start their own businesses
Former BBC Dragon’s Den star James Caan has been approached by Lord Young, advisor to David Cameron on Enterprise, to help the Government drive an initiative to provide start up loans to young people across the country.
On appointing Mr. Caan as Chairman of the Board of StartUp Loans, Lord Young says: “James Caan understands enterprise in this country and is passionate about helping young people to have the tools they need to start their own business. He’s also someone who gets things done, and with him as Chairman of StartUp Loans, I am confident that we will be able to kick-start the businesses of many young entrepreneurs contributing to a new generation of successful and growing UK small firms. ”
As Lord Young publishes his latest report on Small Firms in the UK, the first since 1979, the country finds itself in a position of a million young people unemployed. Drawing on his expertise in running businesses, Lord Young’s initiative of providing small loans to young people to start their own business, aims to put the responsibility of creating jobs for the young, in the hands of the young people.
Young people across the country, from 18 – 24 years old will have the opportunity to access on average £2,500 to start their own business. Every recipient of the loan will be provided with an expert mentor who will be able to provide much needed guidance, a sounding board and networks to help the young entrepreneur along the way.
James Caan is committed to ensuring that the allocation of funds is treated in the same way as an investment. He says: “Those who we have selected on the board are all experts in delivering results. Every individual has their own area of responsibility and therefore I’m confident that we will be able to reach the thousands of young people who are desperate to start their own business.”
Assisting Mr. Caan as Board Members of StartUp loans, are a & lsquo;dream team’ of professionals including John Spence OBL DL, chair of the Spicehaart Group David Hutchison, CEO of Social Finance Julie Meyer, CEO of Adriane Capital Roland Rudd, founder of Finsbury Communications Bev James, CEO of The Academy Group (which includes to Entrepreneur’s Business Academy) Duncan Cheatle, founder of The Prelude Group and co-founder of StartUp Britain Jonathan Jenkins, CEO of The Social Investment Business and Philip King FICM, CEO of The Institute of Credit Management.
Board member Julie Meyer comments, "The best way to solve unemployment is to create employment. Startuup Loans is tackling the core of the problem by enabling young people to build the jobs which they'll love. Loans are better than grants as they train the recipient that they are an investment in them, and an expectation is in place.”
Bev James, Board Director responsible for Mentoring says: “The mentors are a critical part of the programme. We aren’t just providing cash, but intelligent capital – a combination of money and expertise, essential to ensuring a greater chance of success in your business.”
The £82.5 million StartUp Loan scheme launched today will give our next generation of entrepreneurs the finance and support to potentially start over 30,000 new businesses, in a move to boost enterprise and economic growth.
Any young people aged 18–24 accessing the StartUp Loans can expect to receive expert and personal support to help develop a business plan and access training. Where the business plan is robust and approved, they will be able to access financial support in the form of a loan typically in the order of £2,500 with a repayment period of up to five years.
NEW YORK, NY, May 29, 2012 (MARKETWIRE via COMTEX) -- On the heels of its recent acquisition of Intelligent Discovery Management (IDM), SuperiorGlacier announced today that its SRM Legal division has acquired Sight Search & Selection, a premier legal technology staffing company. The acquisition uniquely positions SRM Legal to provide a broad spectrum of legal technology staffing, from document review to critical litigation support departmental positions.
Since its inception in 2006, Sight Search & Selection has specialized in providing highly experienced legal technology professionals to law firms and corporate legal departments.
"There are significant strategic and operational synergies between SRM and Sight. The addition of Sight's expert team and comprehensive legal staffing services helps propel our aggressive growth plan and strengthens SRM's position in the New York City marketplace," said Gadi Rosenfeld, SuperiorGlacier's president and chief operating officer.
Tom Tigh, SuperiorGlacier's director of business development, said that the addition of contract personnel services expands SuperiorGlacier's ability to help clients control costs and increases the efficiency of the entire discovery process. "Expert personnel, the most efficient process, and the latest technology -- all from a single source -- are now available to our clients," Tigh concluded.
Rob Gibbs, managing director at Sight Search & Selection, said that he is looking forward to additional growth opportunities for the company. "We welcome the expansion of our service offerings and the ability to extend our reach through SRM's national coverage. This coupling of organizations will also fortify our local footprint," Gibbs said. Gibbs will remain with the company and continue to manage its operations.
Headquartered in New York City, SRM Legal also runs operational centers in Washington, D.C. Chicago Miami and Dallas. Sight Search & Selection is headquartered in New York City. The terms of the deal were not disclosed.