Economic development and business support organisation YTKO (TII member based in Cambridge) beat strong competition to win the UK government’s Enterprising Britain Award 2012 for “Promoting Enterprise” through its Outset business start-up programme. Bev Hurley, YTKO’s CEO, received the award at a recent entrepreneur festival in Sheffield from UK Business and Enterprise Minister, Michael Fallon.
As a tailored programme that delivers pre-start and business start-up support, access to finance and specialist growth provision, Outset specialises in supporting the creation of sustainable businesses by disadvantaged groups and those furthest from the labour markets. Many of the programme’s target groups live in the UK’s most deprived areas, from inner cities to isolated rural and coastal communities. Since 2009 Outset has supported more than 7,000 clients, with more than 1,000 starting a business and thereby creating over 1,200 jobs. Half of these new entrepreneurs are women, a third are aged under 25 or over 50 and the majority were previously unemployed.
The Enterprising Britain Awards form part of the UK government’s drive to boost entrepreneurial activity and help new business owners to unlock the full potential of their businesses. YTKO goes forward to represent the UK at the European Enterprise Promotion Awards during Global Entrepreneurship Week in November 2012.