According to new figures, in the last five years local business launched with help from start-up support provider, Outset Cornwall, have contributed over £5.5 million Gross Value Added (GVA) to the Cornish economy.
Funded by ERDF Convergence, the Outset service has supported the launch of over 470 new businesses in Cornwall and the Isles of Scilly, creating over 660 new jobs.
Kate McEwen, programme director of Outset Cornwall, said: “As a team, we are immensely proud of the businesses we’ve supported over the last few years.
“The GVA generated to date reflects the valuable role SMEs play in building a strong and vibrant local economy. It also demonstrates the important service Outset offers in supporting people to gain the skills, knowledge and confidence to build successful, sustainable businesses.”
Outset offers fully-funded support to anyone in Cornwall and the Isles of Scilly who is interested in starting their own business, via a range of tailored programme options designed to meet individual needs.
This latest achievement comes after YTKO Group’s recent national success, having supported the creation of over 4,000 new businesses and more than 4,400 new jobs around the country as a result of engaging over 20,000 individuals via Outset services across the south west and east of England.
YTKO chief executive, Bev Hurley, said: “It’s remarkable to think how many lives – and local communities – have been transformed over the last five years, thanks to the Outset service.
“These latest milestones take us two-thirds of the way towards completing our 2020 mission to support the creation and growth of 6,000 businesses, collectively contributing £1 billion to the UK economy.”