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The Carnegie Position on Enterprise Lauren Pennycook 2 the Carnegie Position on Enterprise Introduction

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The Carnegie Position on Enterprise Lauren Pennycook 2 the Carnegie Position on Enterprise Introduction The Carnegie position on enterprise Lauren Pennycook 2 The Carnegie position on enterprise Introduction Our 100 year commitment to empowering young people and supporting access to education 1926 1935 1958 Invested in adult Supported Supported a new education centre at Newbattle Abbey national youth Harlech in Wales College in Scotland movement to promote nature and 1996–2007 1978 environmental Helped young Provided grants responsibility people participate to the National positively in society Youth Orchestra of through The Scotland to hold Carnegie Young its first course and 2014 People Initiative offer bursaries to young musicians Supported four Enterprising Libraries in 2012 England and Surveyed more 2013 Wales to deliver than 1600 further – Present projects which education students Delivering Britain’s help local people on attitudes biggest high to develop their to enterprise, street enterprise skills and improve education and the challenge for their employability world of work young people Introduction 3 With a 100 hundred year history employers of the future, and of empowering young people highlights case studies of good and supporting access to high- practice from across the UK and quality education, this is the Ireland which showcase our Carnegie UK Trust’s position on own work, and that of others in youth enterprise informed by the sector. Our position is based our policy and practice work. on overarching themes of an Our position is five-fold and calls inclusive, coordinated approach on policymakers, practitioners, to enterprise education and educators, businesses and entrepreneurial learning, and civil society organisations to providing real-life experiences work together to energise the for young people. 4 The Carnegie position on enterprise Share success and learn from the leaders The whole world moves, and moves in the right direction – upward and onward. ANDREW CARNEGIE Inspiration about enterprise With an appetite to share and opportunities for more public policy learning entrepreneurship should begin across borders1, policymakers at as early an age as possible and practitioners should and continue throughout the learn from the examples of curriculum and beyond, with enterprise education and young people’s understanding entrepreneurial learning which and skills being strengthened have had a proven impact at each stage. This joined- on the aspirations, skills and up approach should not only outcomes of learners. be delivered from school to The free exchange of what university in order to eliminate works well has the potential interruptions, but it should be to improve not only the quality delivered across courses so that of enterprise education young people receive a similar received by students, but also quality and consistency of their attitude, aptitude and, enterprise interaction no matter just possibly, entrepreneurship what course they are enrolled that creates economic activity on, from business to banking, and jobs. from teaching to a trade. Share success and learn from the leaders 5 Case study: The Welsh Government’s Youth Entrepreneurship Strategy: An Action Plan for Wales 2010–15 The Welsh Government’s Youth Entrepreneurship Strategy: An Action Plan for Wales 2010-152 provides a structure, focus and direction for entrepreneurship education in Wales until 2015. The Strategy is designed to provide learners aged five to 25 with entrepreneurial skills, a positive attitude, and to raise their aspirations in whichever career path they pursue. In return for engaging young people with entrepreneurship; empowering them with entrepreneurial learning opportunities; and equipping them with the necessary skills and support to create and grow their own businesses, Wales is being rewarded with students with higher aspirations, entrepreneurial skills and a disproportionate percentage Merthyr College team represented Wales at Global Entrepreneurship Challenge of UK graduate start-ups. 6 The Carnegie position on enterprise Meet the role models Not one of us can feel his duty done, unless he can say as he approaches his end, that, because he has lived, some fellow-creature, or some little spot on earth, or something upon it, has been made just a little better. ANDREW CARNEGIE Three-quarters of the Schools, colleges and universities respondents to our survey should develop stronger of further education students3 relationships with the local agreed or strongly agreed business community and build that more opportunities to a programme of interactive meet with local, successful events, allowing all students to businesspeople would be attend. From judging enterprise beneficial. More than 80% challenges to delivering of respondents who structured workshops, educators remembered participating should make full use of their in an enterprise activity with alumni networks and the wider a local entrepreneur at college business community to bring found this useful, but only local, relatable entrepreneurs a third had ever been invited and young people together to to such an event. inspire and inform about the realities of business start-up. Meet the role models 7 Case study Inspiring the Future, England Inspiring the Future4 is a free online service in England which provides people from all sectors and professions the opportunity to visit local schools and colleges to talk about their own pathway into the world of work. Volunteers range from apprentices to top CEOs, who can engage students through question and answer sessions, CV and interview technique workshops, or creative competitions or quizzes. Volunteers take part in Primary Futures Week 2014 8 The Carnegie position on enterprise Opportunities for entrepreneurship There are certain great laws which will be obeyed: the law of supply and demand; the law of competition; the law of wages and profits. ANDREW CARNEGIE Empowering young people to opportunity will develop their develop their entrepreneurial employability by providing skills through enterprise them with skills such as team- challenges and competitions working, communication and should begin at primary school problem solving. With just 19%5 and continue throughout their of business leaders believing education and into the labour that all or most graduate market. 74% of our survey recruits are ready for the 21st respondents agreed or strongly century workplace, and the agreed that grants, loans Chamber of Commerce raising and funding to pursue small concerns about college leavers’ business ideas after college attitudes and expectations6 would be helpful. of the world of work, schools, colleges, universities and Not every student will become supporting organisations must a business leader following come together to provide the chance to test out their young people with real-life enterprising idea, but the experience of employment. Opportunities for entrepreneurship 9 Case study UStart, Ireland In 2013, Dublin City University launched UStart7, an entrepreneurship start- up programme open to all students. UStart offers small teams of students a four-month residential opportunity to take their enterprising idea to market. The teams are supported with seed funding, office space and equipment UStart team and a network of mentors and industry experts. Outcomes of the pilot year included three of the companies being successfully chosen for Intel’s Technology to Market Accelerator; three companies being accepted into Enterprise Ireland’s New Frontiers programmes; and one company being accepted on to phase two of New Frontiers, receiving a further €15,000 support. 10 The Carnegie position on enterprise Place young people at the heart of town centre turnaround The magic of ownership works wonders, not only upon the soil but upon the happy working owner thereof. ANDREW CARNEGIE Our survey into student Only they can understand attitudes found that young the products and facilities people visualise enterprise in a a town centre can offer way defined by the media – by which will appeal to the next innovative, high profile people generation and recapture the of extreme wealth. Young younger consumer and their people increasingly disconnect purchasing power. their town centre with their own aspirations and employment Local authorities, educators, options, with just 5% in our entrepreneurs and policymakers survey identifying local and should come together to help regional businesses, small-scale young people interested in shops and near-by start-ups as entrepreneurship to see towns enterprising. as innovative hubs and hosts of their future businesses. The But young people are the enterprising spirit of our young pathway to getting younger people should be harnessed consumers and service users and put at the centre of plans back to our town centres. for town centre regeneration. Place young people at the heart of town centre turnaround 11 Case study TestTown, Scotland TestTown 8 is the Trust’s enterprise competition which was piloted in 2013. TestTown is Britain’s biggest high street enterprise challenge for young people and involves developing an innovative business idea which can be delivered using vacant spaces in town centres. Young people across the UK applied through a national online system, and 11 teams were selected to come together for a popup finals festival event in Dunfermline at the end of June 2013. The finalist businesses were given a small development grant, mentoring and support, with the winner being awarded a £10,000 prize. An evaluation9 of the project found that footfall on the TestTown streets doubled and £10,000
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