A further indication of what's hoping to replace Business Link emerged yesterday when Business Secretary Vice Cable announced plans for a new single network of mentoring providers. According to the Department's press release, there will be a single online gateway to mentoring from the summer of 2011.
In his speech Cable said
“The best people to advise new entrepreneurs and existing businesses are those who have already started and run successful companies. Mentoring is a very effective way of promoting start-ups, higher productivity and growth amongst established businesses, so I am delighted to announce this new network."
According to Business Matters, mentors will be offered tax breaks for their trouble but they will received no cash as such.