Graduates benefit from £4million business scheme

By Matthew Bates Monday 12 November 2012 Updated: 12/11 11:04

HUNDREDS of university graduates are set to benefit from a £4 million investment scheme.

Up to 600 graduates will get their business idea off the ground thanks to the SPEED WM programme.

Five of the regions universities - including Coventry - have matched £2m investment from the European Regional Development Fund. The project launched in 2009 and is now in its second phase, managed by the department for communities and local government.

Communities minister Baroness Hanham CBE said: "Retaining graduates and the valuable skills they hold, by helping them to take forward creative entrepreneurial business ideas is really important for the future of the local economy.

"It is vital that we are able to recognise the success of support programmes such as this and offer additional funding to ensure they continue for the benefit of future graduates and students."

Visit www.speed-plus.org for more information.

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