Half of all businesses starting up in Wales fail within five years and many new enterprises encounter difficulties which are specific to gender, age, disability, language, and ethnic differences. These factors can and do significantly limit both their aspirations and their potential to succeed in sustaining and growing a business. Without having the best chance of viability, the time and resources invested in starting these businesses will be lost. Cyfenter2 is a partnership formed in Wales to address these issues, drawing upon research initiated within an earlier Equal funded programme.
The Cyfenter2 Development Partnership stemmed from a need within Wales for qualitative and quantitative data to ensure that policy decisions are based on evidence.
Cyfenter2 is a Development Partnership funded jointly by the Welsh Assembly Government and the Equal programme of the European Structural Funds. Its intended impact is to influence and develop mainstream business support policies and practices and enterprise support for excluded groups of entrepreneurs to enable them to grow and sustain new enterprises. Cyfenter2 is primarily a research-based project.