22 Nov 2018 | Category: LLEP News

Entrepreneurs, Leicester City universities, City Council and LLEP Join Forces to Nurture Start-up and Co-working in Leicester

Plans for collaborative co-working space to be launched at inaugural Leicester Start-up Week commencing 26th November

Organisations and entrepreneurial communities across Leicester are collaborating to enhance start up support to people wanting to set up new ventures.  A new co-working venture is planned along with a range of start-up activities including Leicester’s first ever Start-up Week, from 26th November 2018.

With financial backing from the Leicester and Leicestershire Enterprise Partnership (LLEP) and the University of Leicester, De Montfort University, Leicester City Council’s LCB Depot and local entrepreneurial group Leicester Startups are aiming to strengthen and enhance Leicester’s entrepreneurial ecosystem.

Part funded by £100,000 of pooled business rates project revenue fund from the LLEP and with equivalent support from the partner organisations, this collaborative initiative aims to nurture early stage businesses and social innovations through targeted events and activities to further develop the reach and impact of the city’s already thriving networks.

Activities kick off week commencing 26th November with Leicester Start-up Week, a series of events to bring together entrepreneurs from across the city.   The Start-up Week will include networking, mentoring and social events and will climax with an intensive Start-up Weekend (1-2 December) where attendees will pitch, build and test an idea in a single weekend.  Full details can be found at LeicesterStartups.com.

Leicester consistently ranks highly as one of the best places in the UK to start a business, boasting higher than average business survival rates, excellent geographical connectivity, access to talent and low cost of living (Barclays’ SME Growth Factors Index and ATT place Leicester 2nd and 3rd nationally).

A recent Tech Nation 2018 report identified Leicester as having the biggest increase in new digital technology firms in the last decade, and Start-up Britain placed Leicester 2nd in the UK for start-up growth.

The partners have joined forces to harness and build on the city’s strengths and enhance its enormous potential further by supporting greater numbers of brand new start-ups, to secure Leicester’s place as first choice for entrepreneurs setting up in the UK.

This new initiative will help Leicester to recognise and respond to global trends, for example the  demand for more flexibility in the way we work, the pervasion of technology throughout workplaces and increasing numbers of people choosing to start a business rather than work for an employer.

It forms a part of the LLEP’s work to develop an Industrial Strategy aimed at creating a local economy which boosts productivity and earning power.

It also complements recent action by the University of Leicester to inspire entrepreneurs in the field of space technologies and establishment of the Leicester Innovation Hub,  an extensive programme of support made available for creative businesses through the LCB Depot, and significant work undertaken by DMU’s Innovation Centre to support early stage businesses with flexible workspace and co-working events.

Leicester Start-up Week coincides with Government’s #SmallBizSatUK campaign from 1 December 2018, which shines a light on the support available for small business from funding to guidance and advice.


For more information, please contact: admin@llep.org.uk

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