AN "INNOVATIVE"scheme for entrepreneurs has been awarded thousands to continue supporting start-ups and early-stage businesses.

The Southampton Science Park's Catalyst business accelerator is a competitive scheme that is aimed at giving funding and support to entrepreneurs to help them reach their full potential.

Having previously supported the scheme, Test Valley Borough Council has now awarded the project £20,000 to help fund its future growth.

Test Valley Borough Council’s economic development and tourism portfolio holder, councillor David Drew, said that the park is already an important partner for the council and said he is pleased to support it once again with this funding.

He added: "The current climate is clearly a tricky one, so giving those who are passionate enough to pursue their goals as much help as possible is a priority in the economic recovery in our borough.”

Dr Robin Chave, Southampton Science Park’s Chief Executive Officer, said: “The funding we receive will be targeted at companies that show considerable potential for growth and job creation in the Test Valley area.”