Under the StartUp Britain initiative new enterprises will be offered help worth about £1,500 in areas such as IT training and internet advertising.
Firms backing the initiative include AXA, Barclays, BlackBerry, Experian, Google, Intel, Microsoft, McKinsey & Co, O2 and Virgin Media.
Launching the scheme, David Cameron said: ‘I want to make a direct appeal to everyone who’s sitting at home or at their desk thinking about starting their own business. Now is the time to do it’.
He continued: ‘If you’re dreaming about starting up the next great British brand – now is the time to make it happen. There are thousands of people out there who are entrepreneurs but they just don’t know it yet. There are millions of success stories that haven’t been written yet.
‘So seize this moment. Take these opportunities. Make it happen – and together we can drive our economy forward.’
The measure follows confirmation that 21 new ‘enterprise zones’ will be set up throughout Britain to help boost economic growth.
It means that targeted areas of the UK will be given tax breaks and other incentives as part of the Government’s attempt to address the needs of local businesses and industries.
Firms within these zones will also benefit from simplified planning rules, discounted business rates and superfast broadband.