James Caan has spent the past thirty years building and selling businesses in the UK. Because of his extensive experience he has been approached by the British Government to work on a number of initiatives to support UK businesses.
More recently James has been working closely with Business Secretary Vince Cable as a member of the Entrepreneurs Forum. The Group was formed to help and advise Government on new business policies. They debate particularly challenging issues facing SME’s in the UK such as raising finance, reducing regulation and other barriers to market.
“Ultimately people should feel empowered to start their own business, not that they should seek permission. Government can play a key role in ensuring that everyone in business is given every opportunity to turn their ideas and aspirations into successful ventures. The focus is clear for Britain to emerge from this downturn a strong, bold and confident country, ready for the challenges and opportunities ahead.”
In May 2012 James was approached by Lord Young, advisor to David Cameron on Enterprise, to help the Government drive an initiative to provide start up loans to young people across the UK.
Budding entrepreneurs across the country, aged 18-30 were given the opportunity to access on average £5,400 to start their own business. The huge success of the scheme, which started over 8,000 businesses in a year, saw the age cap lifted. Every recipient of the loan is also given an expert mentor who will be able to provide much needed guidance, a sounding board and networks to help the young entrepreneur along the way.
James says: “The best way to solve unemployment is to create employment. Start-Up Loans is tackling the core of the problem by giving young people the chance to start building their own businesses and create a new generation of entrepreneurs”.