By Max Clarke

A charitable organisation that aimed “to inspire a more entrepreneurial culture in the UK and accelerate entrepreneurial success for those who aspire to achieve” has announced that it is to close.

Launched in 2004 under the aegis of the British Chambers of Commerce, the CBI, and the Federation of Small Business, Enterprise UK announced their decision to close on Monday due to lack of support.

The organisation had been supported by the Department for Business, Innovation and Skills, but in December the government announced the removal of its funding.

Tom Bewick, Chief Executive of Enterprise said today

“Following a meeting of the Board of Trustees on 24th January where full consideration was given to all the options, we have decided to instigate an orderly wind down of the charity with immediate effect. We will still be delivering on some key operational activities like Tenner during March, but we also aim to have closed down our offices and activities by the end of April 2011.

Commenting on the announcement, Business and Enterprise Minister Mark Prisk said:

"I understand that the board of Enterprise UK has decided to cease their current activities. I am working with them and other enterprise partners on existing programmes like Global Entrepreneurship Week, but also on new opportunities, such as embedding enterprise in our universities."