Entrepreneurs in Milton Keynes generate £3.2m

Entrepreneurs in the Milton Keynes hub generated more than £3 million of turnover in 2016, Entrepreneurial Spark has revealed.

Tuesday, 21st February 2017, 1:27 pm
Updated Wednesday, 1st March 2017, 9:04 am

Since the hub, based at Silbury Boulevard, opened last year, it has supported 72 local businesses, attracted almost £800,000 of investment and created 55 new jobs.

The turnover of businesses in the Milton Keynes hub was in excess of £3.2million.

The ‘mind-blowing’ figures in the report demonstrate beyond doubt that the world’s largest free business accelerator is at the forefront of an entrepreneuring revolution in Milton Keynes and continues to build even more people who build better businesses.

Lucy-Rose Walker, Entrepreneurial Spark CEO, said: “We’ve given this Impact Report the title ‘Blow Your Mind’ and it’s not hard to see why.

“The stats are truly mind-blowing and we’ve enabled our entrepreneurs to create real jobs, huge turnover and significant investment via our focus on developing their entrepreneurial mindsets and behaviours.

“Our entrepreneurs have turned over £176m, so it is clear what an impact we are having on the UK economy.

“Our vision is to create positive social change by giving people the chance to grow and create jobs, and value in the economy.

“It’s really gratifying to see that those entrepreneurs have now created 3,152 jobs across the UK, all of them creating social change by contributing to their communities and local economies.

“Our partnership with NatWest is such a powerful one and enables us to give hands-on practical help to start-ups of every kind, from that first spark of an idea, right up to bigger businesses needing to scale and grow.

“We also love working with KPMG, Dell Technologies and Pinsent Masons because as the experts in what they do they offer so much to our entrepreneurs.”

Since joining Entrepreneurial Spark, Adrian Knight, managing director of Knight Franchises, based in Milton Keynes, has developed as an entrepreneur.

He said: “I’ve changed quite a lot. One of the big things has been learning to become a leader.

“The moment that first employee started, I realise my role had changed and I had to lead other people.

“I’m also more focussed than I used to be, as there’s so much to do and my time has become precious. I’ve been learning to not waste any time and make every minute count.”