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Contents

 
  Introduction


Our Strengths

Key Issues, Aims & Impacts


Emerging Issues

Key Plans & 
Strategies


Key Contacts
 

 

THEMES | Economy

   

Key Issue 2:

Low number of value adding business start ups
 

Aim:

To increase the number of value adding business start ups in Derwentside


Objective:
Promoting technology transfer.
Action
  • Establishment of a Technology Transfer Liaison Programme.
  • Building links with local business and University-based training and
    entrepreneurship to identify and develop new entrepreneurs.
Lead Partner
Derwentside District Council.
Impact by 2010
  • A range of new small businesses with growth potential will have been started.
  • Derwentside will have regained its reputation as a location for high growth start-ups

Objective:
Supporting new product development.
Action
  • Supporting entrepreneurs in creating new product/service concepts and new business.
Lead Partner
Derwentside District Council, University of Durham.
Impact by 2010
  • A range of projects and services will have been developed and delivered
    in partnership with the University of Durham.

Objective:
Enhancing targeted marketing.
Action
  • Production of a new marking plan focusing on identifying, developing and supporting home-based e-entrepreneurs, encouraging existing home-based entrepreneurs and potential ones from within the District and the sub region to establish/grow value-adding business.
Lead Partner
Derwentside District Council.
Impact by 2010
  • A minimum of 200 investment enquiries per annum.
  • 150 new jobs and at least 50 value-adding new businesses with growth
    potential will be created-at least 25 of these will be e-businesses.

Objective:
Enhancing enterprise support.
Action
  • Establishment of an enhanced business start-up service, underpinned by
    Business Link to provide training, intensive one to one counselling for
    business planning and website design.
  • Formation of a working group to develop a refocused incentive package
    to encourage enterprise and innovation.
Lead Partner
Derwentside Industrial Development Agency.
Impact by 2010
  • Improve the District’s ranking for business start-up rates (408th out of 434 English Districts).

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