Shadow chancellor John McDonnell has said Labour will back new businesses through the creation of entrepreneurial hubs.

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Labour pledges to help create 20,000 new businesses and an 'entrepreneurial state'

The party wants to see an "entrepreneurial state", McDonnell claimed, as he toured the Building BloQs shared workshop for start-ups in North London.

He announced that the party intends to create 'strategic entrepreneurial hubs' to provide support for over 20,000 extra entrepreneurs a year at an annual cost of Â£25m. Labour has launched a consultation on the design and roll out of the hubs.

"Our future success as a nation depends on growing in a more strategic way, and Labour wants to see an entrepreneurial state at a local and national level to help make this happen," McDonnell said.

"The next Labour government wants to build upon and grow the over five million small businesses who contribute Â£1.8 trillion to the UK economy and which provide employment for 60% of all those employed in the private sector.

"We don't want money to be the barrier to someone with talent, skill or a good idea and who wants to control their own destiny being prevented from starting up a small business of their own, staying the course and delivering growth.

"Labour has always been the party of makers and doers, we have a rich history of supporting those people who want to be designers, makers and innovators. And it's by helping to create the next generation of entrepreneurs that we will build the economy of the future."

<p>I'm a <a href='http://www.danmartinuk.com'>freelance content creator and event host</a> who helps small businesses and the organisations that support them. I have 18 years of experience as a small business journalist having interviewed hundreds of entrepreneurs from billionaires like Sir Richard Branson to the founders behind brand new start-ups. I've worked for a range of leading small business publications and support groups, most recently as head of content at Enterprise Nation where I was responsible for the prolific output of content on the company's blog and social media. I'm based in Bristol where I run and host regular events with the local small business community and have strong connections to major business organisations in the south west region. In total, I've hosted over 50 events; from intimate meet-ups to conferences with an audience of hundreds including events for international brands like Facebook and Xero. I'm also a big fan of podcasts having hosted Enterprise Nation's Small Business Sessions as well as lots of online events including Facebook Live interviews, webinars and three live web chats from inside 10 Downing Street. With my partner, I co-run Lifestyle District, a lifestyle blog focused on culture, art, theatre and photography.</p>

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Labour pledges to help create 20,000 new businesses and an 'entrepreneurial state'

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