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#5 million for business incubation

According to the 2005 Budget Report, "Investing for our future: Fairness and opportunity for Britain's hard-working families", published on 16 March 2005, #5 million are forseen for business incubation.

In Budget '05, Gordon Brown announced:, ,"additional funding over 3 years to: , boost the capacity of the New Entrepreneur Scholarships beyond the existing funding levels over the next 3 years; and , provide long term support for business incubation, building on existing feasibility studies, which are currently funded through the Phoenix Fund and the Business Incubation Fund." For further information on the Budget '05, please visit http://www.hm-treasury.gov.uk/media/AA7/1F/bud05_chap03_229.pdf

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