Government pledges support for every school to run its own business

Published on Monday, 28 March 2011 18:48
Posted by Scott Buckler

The Government has today(March 28th) announced that it will support every school to develop and run its own business through the Enterprise Champions Programme


This is part of a package of four new announcements to help inspire, support and grow new businesses in the UK. These announcements come alongside the launch of Start-Up Britain, the ground-breaking response from the private
sector to the Government’s call for an ‘enterprise-led’ recovery.

The Government is today announcing:

- support for every school to run its own business through the Enterprise Champions Programme;

- a major roll-out of Tenner Tycoon, the successful competition owned and run by the Peter Jones Foundation which gives young people the opportunity to take forward their business ideas;

- the creation of enterprise societies in every University and most Further Education Colleges to develop students with the ambition and skills for enterprise; and

- a new online tool, the Innovation Launch Pad, enabling small businesses to pitch their ideas on how they could deliver better value for money for Government;

- the launch of Brighton Fuse, a joint initiative by the Arts and Humanities Research Council (AHRC) and the Council for Industry and Higher Education (CIHE) to expand the creative, digital and IT sector in Brighton and Hove and provide business opportunities for graduates.

Business Secretary Vince Cable said:

"We want to transform the ambition and aspiration of young people through real business experience. To rebuild our economy and create new jobs, we need to inspire the next generation to seriously think about starting their own

"Through Tenner Tycoon, the Enterprise Champions Programme and enterprise societies, we will be giving young people insight into enterprise at an early age, showing them how rewarding it can be to transform your own ideas into a real business."

Business and Enterprise Minister Mark Prisk said:

"We need to inspire young people to strike out on their own, and also give them the practical tools to help. It is vital that everyone has the opportunity to develop their ideas and learn the skills needed to succeed in business.

"Enterprise societies will be run as businesses, engaging with entrepreneurs and delivering the knowledge, networks and skills that students need to start and manage a business. We need more growing companies in this country and the Government is doing everything it can to harness the great enterprising spirit of our nation."

Peter Jones CBE, founder and Chairman of the Peter Jones Foundation said:

"I welcome the Government’s commitment to increase its focus on enterprise in schools. Through my Foundation and Enterprise Academy, I want to help rewire the entrepreneurial potential of our country. The strength of business-
led initiatives like Tenner Tycoon is that it gives thousands of children across the nation an opportunity to learn about entrepreneurship in a very practical way. Over the course of a month, by seeing what they can do to grow a ten
pound note, young people learn essential business skills.

"My Foundation has ambitious plans to grow Tenner Tycoon tenfold from 25,000 in 2011 and this will help create a winning enterprise culture in our schools. We will work with government, business, education and political
audiences who can help realise the superb potential of the scheme and the ambitions of our young people."

Source: BIS

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