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Enterprise

Programmes
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Published 03 November 2015

The Enterprise programme aims to support unemployed young people to work out if self employment is right for them, help them test their ideas, write plans and start a business or achieve alternative goals in employment, education, training or voluntary work.

How it works

Enterprise provides disadvantaged young people with the opportunity to access start-up business support. The programme begins with an engaging and interactive ‘Explore Enterprise Course’ which gives young people the chance to learn about the practical side of starting a business, including budgeting, marketing and sales, tax and business planning. On completion, young people receive support from staff and volunteer mentors to decide whether self-employment is right for them. Those young people who want to start a business then receive help to develop, plan and test their business idea, and write a business plan, and can apply for financial support. Those young people who find that they are not yet ready for self-employment are offered mentor help to identify and work towards other outcomes (such as employment, education, training or volunteering). Once ready, a young person will be supported to launch their business, where they are matched with a business mentor who will offer ongoing support for 2-3 years. Financial support in the form of low interest loans is also available to those who need it.

Key Facts

Across the UK last year (2014/15), The Trust supported 8,500 young people through the Enterprise programme to explore self-employment and as part of the programme evaluation we found that:

  • 20% of young people that came onto the programme started a business
  • 85% of young people moved into positive outcomes (started a business, or went into employment, education, training or volunteering)

Our Expertise

In the UK, The Prince’s Trust has been delivering enterprise support to disadvantaged young people since 1983, and has refined the Enterprise programme delivery model based on learnings. Strengths are a robust system for successfully recruiting, supporting and managing volunteer mentors from a variety of sectors; which is key to the success of the programme.

 

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An external evaluation of the Enterprise programme conducted in 2012 found that “its strength lies in the integrated package of training, mentoring and financial support… the Enterprise programme helps young people develop a range of skills to equip them to become business-ready including communication, confidence, money management, resilience, reliability, and setting and achieving goals.”