Press Release: Startup wins lottery funding for its Startupnow for Women project
May 18th, 2010
Startup has been awarded £288,238 by the Big Lottery Fund towards its new Startupnow for Women project. This grant means Startup can continue to reduce re-offending by giving women who have been in prison the opportunity to become self-employed. Over a year, 240 women will have access to personal and business advice with at least 60 going on to set up their own business.
Since 2006 Startup has given over 500 male and female ex-offenders business advice and mentoring with 105 going on to successfully launch a business. Businesses started include gardening, personal training, hairdressing, web design and even a Buddy Holly tribute act! Startup works with a wide range of selected partners to deliver its results.
Startup’s simple but unique approach of offering individually tailored business advice, covering basic start up business costs and mentoring for up to two years has resulted in a reoffending rate of less than 5%, versus the 65% national average.
So far, Startup has been funded by foundations and private support. This grant enables Startup to expand its operations; we hope it will also persuade the new government to back a major expansion of the men’s programme, which saves £9 of taxpayer’s money for every £1 invested.
Juliet Hope, CEO of Start Up, added “It’s wonderful that the Big Lottery understands the value of the work that we are doing and is supporting the Startupnow for Women project so generously “
The Big Lottery Fund distributes half of the National Lottery good cause funding across the UK. The Fund aims to enable others to make real improvements to communities and the lives of people most in need.
For Further information please contact: Juliet Hope: 07918680011 or jhope@startupnow.org.uk
