Prime Minister David Cameron has issued a clarion call to would-be entrepreneurs that "now is the time" to launch their business.
Speaking at the launch of the StartUp Britain initiative, Cameron warned against a return to the years of “big government spending, big borrowing and big debt”.
Instead he said Britain's economic recovery had to be private-sector led "with Made in Britain stamped all over it".
The StartUp Britain project follows last week's Budget that saw economic growth forecasts revised down to 1.7% and ministers looking to the private sector to stimulate the economy.
StartUp Britain forms part of a wider government programme aimed at harnessing this private sector growth that includes the introduction of
, tax reliefs for entrepreneurs and an extra 1% reduction in Corporation Tax, all announced at the Budget.
The StartUp Britain scheme is an independent collective of UK entrepreneurs and supported by 62 organisations - including O2, Virgin, Blackberry, Google, Experian, Barclays and AXA - offering discounted services and initiatives to the 270,000 companies that are started every year.
New businesses will be able to apply for help worth £1,500 in areas such as internet advertising and IT training, finance and mentoring support.
For live coverage of the launch of StartUp Britain visit out sister title