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.
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)