Mark Dixon, the chief executive and founder of Regus has launched a £10m fund to support those who want to start a new business.

The Entrepreneur has announced that free office space and advice will be provided by Regus to assist new start-ups in the current recession.

"We've got a lot of talent in this country and you'll have a lot of people losing their jobs who will find there are just no new jobs out there," said Mr Dixon.