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News - 8 October 2013

Economic growth in communities via the Library Services

The Arts Council England, the British Library and the Department for Communities and Local Government have announced that ten leading ‘Enterprising Libraries’ will receive a share of £450,000 to help local people get started in business.

Lavinia Newman, founder of ABDS comments:
“As part of wider action to support local economic growth, Enterprising Libraries turns library spaces into incubators for business ideas by providing coaching, advice, meeting spaces, and IT support to people interested in developing a proposal and taking it to the market.”

Enterprising Libraries recognises that library services and spaces are ideally placed to work with local people and are about making information and advice freely available, in the heart of communities. It builds on the successful model of the British Library’s Business & IP Centre in London – which supports small businesses and entrepreneurs to protect their ideas and exploit new market opportunities through the provision of free access to up-to-the-minute business and intellectual property information and expertise. This is accompanied by a range of workshops, events and one-to-one advice delivered by information specialists and business experts.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“Among these is the Portsmouth Central Library, who will create a space dedicated to business in the library, and develop a virtual business information network across Portsmouth, the Isle of Wight and Southampton.”

Communities Secretary Eric Pickles said:
“These ten libraries could be where the next generation of young entrepreneurs emerge from and that is a fantastic prospect for us all.”

The Arts Council’s recent research programme envisioning the library of the future highlighted the potential of libraries to be catalysts of local economic growth and enterprise that support improved social mobility in local areas. Enterprising Libraries is part of the work to deliver change around the priorities found in this research.

For a more personal approach, those considering setting up a business contact us at ABDS to offer help and support on a range of issues, including keeping records, VAT registration, National Insurance, starting up a limited company, and PAYE Real Time Information.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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