News & Events

We need an enterprise revolution to tackle youth unemployment

Shadow Work and Pensions Secretary Liam Byrne and Trade and Industry spokesman Chuka Umunna write

 

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Two senior Shadow Ministers have proposed a massive expansion of enterprise education if the Opposition gets back into Government.

In an important move by the Labour party, they declare in an article for the New Statesman that “We need an enterprise revolution to tackle the scandal of youth unemployment.”

They quote the research conducted by Kingston University Business School for our 50th Anniversary Impact  report saying: “Young Enterprise for example, reckons that 42% of their alumni start a business during their career. That’s nearly twice the rate for those who join their programme. ”

Their article comes as a new report written by Jamie Mitchell, former managing director of Innocent Drinks for Labour’s Youth Jobs Taskforce, was published.

In his report Jamie writes powerfully about the effect Young Enterprise has on students. He said: “Embdding enterprise into our education system is so much more than developing young entrepreneurs. That’s still important. But it is also about building character, giving young people a broad set of skills to prepare them for the future world of work, and it is about raising aspirations.”

Pictures right top Chuka Umunna, bottom Liam Byrne

Read the New Statesman article here

Read Jamie’s full report: Enterprise and Youth Unemployment – the Hidden Opportunity.