Can the UK create a Google or Facebook billionaire?

May 22nd, 2011

At the recent Google Zeitgeist conference in Hertfordshire, UK Chancellor George Osborne announced that schoolchildren will be taught to design apps for smartphones through a deal with Blackberry.

While this is a laudable objective, however creative the people – and the UK’s techies are highly creative – being clever is not enough.

What young entrepreneurs need is cash to start and grow businesses – something the UK banks are strangely reluctant to provide, in spite of threats by the Government if the High Street banks do not increase their lending.

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