KPMG pledges support to Entrepreneurial Spark accelerator programme » SMEInsider

KPMG pledges support to Entrepreneurial Spark accelerator programme

KPMG is working with Entrepreneurial Spark, the world’s largest free business accelerator, to create a ‘dream team’ that will deliver business advice and support to thousands of entrepreneurs across the UK.

The alliance between KPMG and the NatWest-powered accelerator aims to bring a wealth of benefits to budding businesses across Britain over the next three years as part of the Entrepreneurial Spark programme. Since forming in 2011, nearly 1000 start-ups have been supported with over 1,700 jobs created – all down to what Entrepreneurial Spark calls their ‘secret sauce’.

KPMG will provide 1000 hours of support every month over the next three years as Entrepreneurial Spark continues its massive expansion throughout the UK. The programme has recently launched ‘Hatcheries’ in NatWest premises in Bristol, Leeds and Brighton.

The three year deal will see KPMG providing entrepreneurs with advice and guidance around issues such as developing better quality business plans, investor readiness, understanding the importance of cash and profit and recognising the impact of business decisions on company finances.

As part of the agreement, KPMG will also have a dedicated presence at Entrepreneurial Spark’s head office in Scotland, delivering advice and guidance around investor readiness, while further one-to-one support will be provided on the ground at the Entrepreneurial Spark powered by NatWest Hatcheries across the UK.

KPMG will also boost the programme’s start-up prize funds of six figure cash pots each year, which will be awarded to the best entrepreneurs.

Thousands of entrepreneurs supported by Entrepreneurial Spark and the bank will benefit from access to KPMG’s Small Business Accounting service, and KPMG will also bring its extensive network of business contacts and relationships to bear, enabling the entrepreneurs to access valuable business relationships and insight.