Newspaper article The Journal (Newcastle, England)

Helping to Make Ideas a Success; Funding for Growth

Newspaper article The Journal (Newcastle, England)

Helping to Make Ideas a Success; Funding for Growth

Article excerpt

Byline: By David Howell

THE North-East has a rich history of entrepreneurship and boasts some of the world's most innovative and well used creations - not least the electric light bulb.

As our Japanese and American counterparts have expanded to utilise the wealth of information and technology available to them, why is it that here in the North-East we appear to shy away from asking for help?

Instead of promoting our successes, we are still touched by that part of the British psyche that is deeply uncomfortable with individual success and glory.

With the possible exception of sport, we champion defeat and often pitch ourselves as the loveable but undeserving "underdog".

At the North East Business and Innovation Centre (BIC) in Sunderland we want to turn these negative thoughts on their head - encouraging businesses and individuals to take pride in what they do, be passionate about their work and accept the help, financial backing and advice that is available to them.

Turning a business idea into reality isn't easy and harder still is maintaining the passion, interest and desire to succeed, after weeks, months and often years of hard work, blood, sweat and tears.

Then there is the financial side - staff need paying, the company needs premises, and advertising to attract new business isn't cheap. The cash flow doesn't stretch very far.

Last year the number of businesses forced into liquidation rose by 17% - and whilst it is a sad fact that some businesses will fail, the better prepared a company is, the more likely it will survive.

Since opening our doors in 1994 we have helped create over 6,000 jobs and aided countless SMEs and start-ups on the road to success, by providing services tailored to our client needs.

Contributing to that statistic are Andrea Fish and Clair Grimes who set up Buttercup Nurseries.

Clair and Andrea came up with the idea after struggling to find local childcare provision for their own children. …

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