By Maximilian Clarke
1,000 ‘Green Entrepreneurs’ are receiving financial support and advice from the Green Growth Bootcamp project designed to foster innovation in sustainable industries.
The latest bootcamp was hosted by Kingston university and brought together innovative firms including the Lightning Car Company, the Orpington-based developers of an electric supercar, and Cyclehoop, which recycles street furniture and transforms it into retrofitted cycle racks, stands and shelters.
With unemployment rising, particularly among the young, London’s Mayor Boris Johnson has a continuing strategy to support jobs growth and skills opportunities particularly among young Londoners. Over the next four years he is also channelling over £50 million worth of funding, jointly from ESF, the Greater London Authority and the Skills Funding Agency, to support young people who are not in education, employment or training. Supporting Business Bootcamps forms an important part of this strategy.
“Harnessing London’s entrepreneurial spirit is essential in driving forward these new, bright inventions, and encouraging young business people to pursue innovative and creative ideas,” said Mayor Johnson. “It is these cutting edge enterprises that will not only generate new jobs and growth but will ensure London's economy becomes even more competitive in the global market.”
The bootcamp series is funded by leading banks, including the Royal Bank of Scotland group. Commenting on the scheme is Ian Cowie, Chief Executive, Business & Commercial Banking, the Royal Bank of Scotland Group: "These bootcamps are a really effective way to give businesses access to valuable advice if they are starting a new venture or looking to grow their existing business through green and sustainable means.
“We are always looking to support small businesses in new and effective ways and our £50m Energy Efficiency Fund, which supports renewable energy for small firms, is complemented by our network of specialists and experts within RBS who can help business owners cut costs and their carbon footprint."
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