Enterprise in Education

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Enterprise in Education

• Tim Pain
• Head of Enterprise and Business Support

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Outline of presentation

• ONE perspective - the enterprise gap
• Role of enterprise in education
• Policy context
• Regional perspective/ initiatives
• Trends/ future emphasis
• Key messages

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ONE perspective

• Regional Economic Strategy
• narrow the productivity gap
• aim to create 18,500 22,000 new businesses by
  2016
• An entrepreneurial culture
• Aim to raise the aspirations/ entrepreneurialism
  of young people
• Long-term/ medium term approach?

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Barriers to enterprise
Grow
Awareness Culture Attitude
Risk Fear Timing Capital Market
Act
Interest
Self Esteem Motivation Talent Support Opportunity
Latent
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MANY
PRE-START ANIMATION
RAISING AWARENESS
START-UP SUPPORT
People in the region targeted
INTEREST
DESIRE
ACTION
AWARENESS
FEW
LOW
HIGH
Potential contribution to GVA
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Rural Business Support
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Government Initiatives

• 2002 Review of Enterprise and the Economy in
  Education (Davies) recommended all young people
  experience enterprise activity during school
• Enterprise Learning Pathfinders
• Enterprise Advisory Service
• Enterprise Education entitlement at KS4
• Enterprise Insight Make Your Mark campaign

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What are Enterprising Skills?

• Enterprise Education entitlement - activity
  focused on
• Innovation
• Creativity
• Risk-management
• Can do attitude and drive to make things happen
• Make your Mark Campaign
• Inspire young people
• Inform them with knowledge, skills and contacts
• Connect them to networks which enable new ideas
• ONE those skills and attitudes that lend
  themselves to entrepreneurship, recognising that
  they have a wider application

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Regional Initiatives Future Entrepreneurs

• Future Entrepreneurs three year project working
  with young people and their influencers
• Over 20,000 interventions to date
• Activity includes
• Get into Enterprise working with special needs
  students
• Bigger Picture introducing enterprise through
  community based programme
• Princes Trust xl Programme
• Workshops with influencers, eg PIE, BIC,
  Enterprise Island

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Regional Initiatives

• Enterprise Week 2007 160 events in the region
  with 7,000 attendees
• Make Your Mark Hub in Tees Valley
• Middlesbrough Enterprise Academy
• Amazing Group activity

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Regional Initiatives NEEP

• Northern Way initiative to encourage enterprise
  to be embedded into curriculum.
• Working with 117 schools at KS3 in North East and
  350 schools across North of England
• An overall 4.3m budget across the North - with
  schools benefiting from
• - an Enterprise Champion
• - relevant CPD support
• - up to 9,500 in support for each school to
  bring in
• professionals to help

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Regional Initiatives Enterprise in FE

• Northern Way funded.
• 10 Colleges in the North East 32 across the
  North
• Support includes identifying an Enterprise
  Champion(s) and a programme of CPD through
  Manchester Metropolitan University.
• Up to 9000 support to help Colleges to implement
  enterprise into the College curriculum
• Sharing of best practice amongst Colleges

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The future towards an Enterprise Framework

• Increase in the number of people thinking about
  enterprise focusing on individual development
• Much more emphasis on improved conversion rates
  to acting on this interest and actually doing
  it
• If we want 22,000 new vat registered businesses
  we need to increase the numbers of people
  interested in and doing enterprise by nearly
  50
• Key market segments identified

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Future Targets

• Medium term strategy - focus on those closer to
  the point of start up
• Encouraging more young people to move from
  thinkers to doers
• Build on the Northern Way model
• Positive role models

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Key messages

• Focus on young people fundamental to Regional
  Economy
• From long term to medium term strategy schools
  to FE and HE
• Need to continue to achieve a shift in attitude
  and perceptions of enterprise