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Young enterprise contest given funding boost

Business secretary Vince Cable adds another £50,000 to pot for this year’s Tenner competition and extends registration deadline

Our young and aspiring entrepreneurs have been handed a welcome boost by business secretary Vince Cable, who has pumped more cash into this year’s Tenner competition.

The nationwide scheme – which is being run by enterprise education charity Young Enterprise in partnership with social enterprise agency Unltd – gives young people the opportunity to have a stab at running their own business, starting with just £10.

So impressed has Cable been with the scheme that he has extended the deadline for registration to 22 April, and put an extra £50,000 in the pot.

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