The Department of Business, Innovation and Skills has launched the Sirius Programme at a festival in Manchester.
The program, which aims to attract entrepreneurs and young businesspeople from around the world, is seen as a major initiative by the British Government to increase the scope and diversity of the British economy. Students and recent graduates with an early stage business plan will receive £12,000 investment, expert advice and help with the logistics of moving to the UK.
Lord Bilimoria, a key figure in the government drive, was interviewed on BBC Breakfast television about the scheme. He said, “I found this country’s environment fantastic, I saw the glass ceiling that existed absolutely shattered before my eyes. People don’t realise what a great country this is to do business.”