Thursday, May 22, 2008

News: Call to support region's young start-ups


As The Prince's Trust celebrate their 25th anniversary, a report from the youth charity states that a lack of support for Yorkshire's budding entrepreneurs is putting the region's economy at risk. The survey of 1,000 young people shows 59% would like to start a business, but less than 6% have actually done it. Forty per cent cited high start-up costs as the biggest barrier to starting a business, while almost three-quarters (73%) believe that schools and colleges encourage safe, conventional careers rather than supporting aspiring entrepreneurs. Eighty per cent of young people also claim careers advisors do not mention starting a business as a career option. Peter Branson, Yorkshire's regional director of the Prince's Trust, told the Yorkshire Post: "Young people are the spark plugs of the economy. This region has produced some of the country's most talented business people, but it risks falling behind when it comes to investing in young talent. "The Prince's Trust is calling on businesses across Yorkshire to support more young start-ups." The Prince's Trust has helped 1,544 disadvantaged young people set up in business in Yorkshire and the Humber over the last five years. This year alone it hopes to support a further 206 young people into business.


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