UK Entrepreneurs have the opportunity of increasing their business experience and knowledge by spending six months working with an established businessperson in Europe.

Erasmus for Young Entrepreneurs will give 800 entrepreneurs the chance to be placed alongside a successful businessperson across all 27 European Union member states.

The new exchange programme is financed by the European Union and will provide grants to new entrepreneurs - defined as those who have set up a SME in the last three years or have specific plans to start a new business.

Established small and medium-sized owners can apply to the project for their business to take on a young European entreprenur.

"Erasmus for Young Entrepreneurs aims at strengthening the links and understanding between citizens of different EU countries. In addition, it will foster the entrepreneurial spirit in Europe and contribute to more and stronger enterprises - a crucial asset in the fight against the current economic crisis," said Maive Rute, director for promotion of SMEs' competitiveness, European Commission.

For more information or to apply to the project click here [1]