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Media Releases
2006

02 March
2006

Leading law firm and youth enterprise organisation join forces

Young Scots entrepreneurs can tap into a new online resource which will help them with legal and accounting issues as they set-up and grow their own businesses.

Leading UK law firm Shepherd and Wedderburn and youth enterprise charity, The Prince's Scottish Youth Business Trust (PSYBT) have joined forces to create the new business information resource which will be available on the PSYBT website as of today, 27 February 2006.

The site is aimed at young supported PSYBT clients, who can register online to view prepared legal articles or ask pertinent questions relating to their businesses. The site will be managed and run by the PSYBT with input from solicitors from Shepherd and Wedderburn.

ACCA (Association of Chartered Certified Accountants) has also pledged its support in kind and its members will answer questions relating to clients' accounting issues.

The PSYBT, which helps young people aged 18 - 25 set-up and continue in business, has been selected as Shepherd and Wedderburn's Annual Charity Partner for the year 2006. As well as donating a healthy sum to the PSYBT revolving load fund, the law firm, which has offices in Edinburgh, Glasgow, London and Aberdeen, agreed to fund this new online resource.

Mark Strudwick, PSYBT Chief Executive said: "We are delighted with this new service, which I know will really benefit our clients who are based across Scotland. Legal and financial issues are often an unknown area for the majority of our clients and now they can view questions and answers placed by other entrepreneurs, put forward their own questions and view relevant articles.

The more people who visit the site, the better, as the amount allocated to our revolving loan fund by Shepherd and Wedderburn will be directly linked to the number of registrations on the site."

Suzanne Chaudhry, Marketing Manager, Shepherd and Wedderburn: "We are delighted to support this initiative which will provide an invaluable service to new businesses and allow us to forge links with some promising new enterprises."

Stuart Riddell, Head of ACCA Scotland : "This is an important initiative and helping start-up businesses succeed and grow could have a direct impact on the Scottish Economy. Getting professional advice at the outset is vital for young entrepreneurs and we're very pleased to support PSYBT and Shepherd and Wedderburn with this project."


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