Popup Banner Ee Revised

Hone your strategic leadership skills with

Strategic Leadership and Change Course

Intake: 5th August - 8th August

Duration: 4 days


Start-ups need early support, says NatWest manager

Start-ups should have “the right early support” to help them overcome their fear of failing, according to NatWest North East Entrepreneur Development Manager Dale Sidebottom.

His comments came after new research carried out by Populus for NatWest showed that 23 per cent of people would like to start their own business, but 57 per cent are held back from doing so because they have a fear of failing.


The research highlighted the common barriers for starting up a business, with 26 per cent of respondents stating that the economic climate prevents them from doing so.

However, with the economic climate improving, this figure is much lower than the 53 per cent of respondents who gave the same reason back in 2012, when the research was first carried out.

According to Sidebottom, too many people in Yorkshire are being held back from following their ambitions despite improving economic conditions and having a “clear entrepreneurial desire.”

“These figures highlight the need for the right early support for start-ups, which can help people overcome the barriers to starting and establishing a successful business,” he said.

NatWest is currently helping people to overcome these barriers by opening up a series of accelerator hubs throughout the UK in partnership with Entrepreneurial Spark.


The hubs provide a wide range of facilities for start-up businesses, including free office facilities, a bootcamp and dedicated mentoring from KPMG advisors.

Entrepreneurial Spark founder Jim Duffy said that Entrepreneurial Spark supports budding entrepreneurs “every step of the way” in the company’s hatcheries.

Currently, there are nine hubs located throughout the UK, with each hub taking in up to 80 new businesses every six months.

Other News

The Most Common Characteristics of a Successful Entrepreneur

“The most successful entrepreneurs tend to start with a desire to solve an interesting problem – one that’s often driven…

Fintech entrepreneurs contributing to rise in young millionaires, figures show

Data from HM Revenue and Customs, that was provided to financial advice firm Salisbury House Wealth, has shown that the…

Start Up Loans delivers more than £100m to London businesses

The Start Up Loans Company (SULCo) has lent more than £100m to small businesses in London since its launch in…

Back to top