Michael Mercieca responds to Lord Young’s “Report on Small Firms”
This report highlights the importance of enterprise education in the curriculum, and we fully support Lord Young’s recommendations. There has never been a better time to start a business, and it is encouraging to see that there has been an increase in the number of small firms since 2010 of 760,000 to 5.2 million. Not only that but the UK has been ranked the most entrepreneurial country in Europe and fourth in the world.
Lord Young notes that schools and colleges are responsible for equipping young people with the skills they need to succeed in life. As evidenced in our Fiver Challenge, supported by Virgin Money and launched with support from the Department for Business, Innovation and Skills, early intervention is key. Enterprise education is not just about creating entrepreneurs, but about engaging and motivating young people to succeed in work and in life.
Closing the gap between employers’ requirements and young peoples’ skills and aspirations is hugely important, and we at Young Enterprise work tirelessly to link schools with businesses and enable young people to plan their future.
We look forward to working with Lord Young and the new government-funded umbrella company (as announced by the Rt Hon. Nicky Morgan MP in December) to help education centres prepare their students for successful futures, through initiatives such as the Enterprise Passport and network of Enterprise Advisers.
Michael Mercieca, Chief Executive, Young Enterprise