News & Events

Peer praises Young Enterprise for tackling youth unemployment

Viscount Younger

Conservative peer Viscount Younger of Leckie praised Young Enterprise for working to tackle youth unemployment as he took part in a Personal Finance Masterclass hosted by Old Mutual on the 15th October.

The Parliamentary Undersecretary of State for  Intellectual Property at the Department for Business, Innovation & Skills said: “Unemployment remains a key challenge for this government.

I think there’s a direct link to unemployment in that if one can spur teenagers on early on in their school career, then it inspires and motivates them… I see Young Enterprise as being incredibly important in that process.”

Viscount Younger attended the Masterclass, at which 30 stDsc_0030 cropudents from Kingsford Community School in Beckton and St Marylebone C.E. School in Westminster were present along with 10 volunteers, and took part in the various exercises designed to introduce students to the world of work and help them to consider what their career options might be.

Old Mutual are a valued partner of Young Enterprise and have been hosting Masterclasses for students in London for two years.

Brian Abrey, volunteer from Risk in Group Treasury at Old Mutual, said: “A programme like this is really quite enlightening for a lot of young individuals who haven’t really got a clear view yet of what they want to do as a career.

“It makes them understand the financial aspects of living when you’re older, and appreciating that maybe you can’t have everything at the start, but if you work hard enough and use that potential, you can understand what your living standards will be.

“Most of all I hope they can leave here just having a better idea of what they have to do for their options, so they know down the road what they can potentially achieve and how to get that.”