Budding entrepreneurs have been offered a helping hand by the StartUp Britain scheme, to which the prime minister has pledged his support.
According to IT Pro, the scheme will see businesses offered mentoring and help with marketing, office space, internet connections and advertising.
Several big-name technology companies have also pledged their support; with global giants such as Intel, Virgin Media and Microsoft offering help to would-be business men and women throughout the UK.
When starting a new business, it can daunting for entrepreneurs to factor in all the areas that need to be considered; such as financing the venture, finding the right staff and implementing effective IT system management. The latter is highly important, as although some entrepreneurs recognise the efficiency of automated IT systems management, they are unsure where to procure these services from.
However it is hoped that the scheme will help and advise on all these matters.
David Cameron spoke out in support of the scheme, calling it the answer to call to British businesses to help kick-start the UK economy. He added: "That's what's really exciting about this."
"The people best-placed to help business are the people who do business."
Fellow politician, chancellor George Osborne, also made his views known regarding the programme, citing it as a crucial part of Britain's "enterprise-led economy," in The Wall Street Journal.
He said that in order to facilitate the scheme, the government would create "a living marketplace online for the wide range of enterprise support that is already available."