Vince Cable buys Young Enterprise
Business Secretary Vince Cable took the role of a VIP mystery shopper when he dropped in on a Young Enterprise trade fair in his own headquarters.
Dr Cable dipped into his wallet when a group of Young Enterprise students staged a sale on the upper ground floor of 1 Victoria Street, the home of the Business, Innovation and Skills Department, at lunch-time on Wednesday 27 February.
The students, from Grey Coat Hospital School, a comprehensive school based not far from the Secretary of State’s workplace, were taking part in a Young Enterprise Company Programme; an after-school club available to sixth formers.
The programme gives students hands on experience of team-work, leadership and the challenges and excitement of being an entrepreneur.
Students set up a real company and manufacture, market and sell a product or service. They produce a business plan and financial accounts, with each student investing £20 at the beginning of the academic year. At the end of the year the company is dissolved and the shareholders (the students) divide up the profits.
The students call their company ‘Sans Peur’ and their stall was visited by Vince Cable, who bought a bracelet for his wife. Other VIP shoppers that dropped by included Matt Hancock Minister for Skills and BIS Permanent Secretary Martin Donnelly, who both bought items. The event was supported by BIS’s Enterprise Directorate and Local Growth Directorate, and arranged by their mentor, Emma Squire from LG Directorate.
Andy Harrison, from ED’s Enterprise, Education and Culture team said:
“Hosting the students from Grey Coats Hospital School was a great opportunity for the Department to support a local comprehensive school in taking forward Government’s ambition to embed the entrepreneurial spirit into young people, whilst also exposing Ministers and staff to the work BIS is doing to achieve this.”
If you would like to share your experiences with students, BIS supports Inspiring the Future – www.inspiringthefuture.org – a free service for schools that encourages people from all sectors and professions to work with state schools and colleges to help young people to achieve their potential.