This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-33856079

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Ultimo founder Michelle Mone to lead entrepreneurship review Ultimo founder Michelle Mone to lead entrepreneurship review
(about 9 hours later)
Scottish entrepreneur Michelle Mone has been appointed by the government to carry out a review into how best to encourage start-ups in areas of high unemployment.Scottish entrepreneur Michelle Mone has been appointed by the government to carry out a review into how best to encourage start-ups in areas of high unemployment.
Ms Mone, brought up in Glasgow's East End, founded lingerie firm Ultimo in her 20s, despite leaving school at 15. Ms Mone, brought up in Glasgow's East End, founded lingerie firm Ultimo in her 20s, after leaving school at 15.
She sold an 80% stake in the firm last year in a multi-million pound deal.She sold an 80% stake in the firm last year in a multi-million pound deal.
The review will look to identify obstacles to people in deprived areas starting new businesses.The review will look to identify obstacles to people in deprived areas starting new businesses.
"Entrepreneurship can play an important role in supporting economic growth and creating jobs in our most disadvantaged communities," said Work and Pensions Secretary Iain Duncan Smith."Entrepreneurship can play an important role in supporting economic growth and creating jobs in our most disadvantaged communities," said Work and Pensions Secretary Iain Duncan Smith.
"However, people living in those areas face a range of additional barriers they need to overcome in starting and growing businesses.""However, people living in those areas face a range of additional barriers they need to overcome in starting and growing businesses."
The government said these barriers included a lack of business and social networks, and a lack of inspiring role models.The government said these barriers included a lack of business and social networks, and a lack of inspiring role models.
It asked Ms Mone to draw on her own experiences, which included leaving school with no qualifications and having a child at 18.It asked Ms Mone to draw on her own experiences, which included leaving school with no qualifications and having a child at 18.
'Never give up''Never give up'
"It's an honour to be appointed to lead this review because I know how tough it can be setting up successful businesses," she said."It's an honour to be appointed to lead this review because I know how tough it can be setting up successful businesses," she said.
"My philosophy is that it does not matter where you are from, what education you have, or if you are from an affluent background or not, you can make it if you work hard, set your goals and never give up.""My philosophy is that it does not matter where you are from, what education you have, or if you are from an affluent background or not, you can make it if you work hard, set your goals and never give up."
Ms Mone co-founded the original Ultimo parent company MJM International with her ex-husband Michael in 1996, and created brands including Ultimo Miracle Shapewear and Miss Ultimo.Ms Mone co-founded the original Ultimo parent company MJM International with her ex-husband Michael in 1996, and created brands including Ultimo Miracle Shapewear and Miss Ultimo.
She was awarded an OBE in 2010.She was awarded an OBE in 2010.