Regional development agency One NorthEast has approved a £1.9 million grant over three years to fund the regional Entrepreneurs' Forum.

The money will be used to continue the mentoring programme, where people starting their own businesses are put in touch with successful entrepreneurs, as well as fund practical seminars, interactive websites, podcasting and instant messaging.

A One NorthEast spokesman said:

"The grant will help the Entrepreneurs' Forum to expand and build on the strong work it is already doing with new technologies and tailored mentoring, to get the expertise of existing entrepreneurs across to those who are considering their own start up."