Partly Cloudy

Partly Cloudy

max temp: 12°C

min temp: 10°C

Search

East Anglia: Business leaders support Lord Young’s ‘Enterprise for All’ report

13:23 20 June 2014

Lord Young, the prime minister's enterprise adviser, has published his Enterprise for All report detailing how the education system can help give youngsters entrepreneurial skills.

Lord Young, the prime minister's enterprise adviser, has published his Enterprise for All report detailing how the education system can help give youngsters entrepreneurial skills.

Archant

A report by former government minister Lord Young suggesting measures to foster an entrepreneurial spirit among young people has been welcomed by business leaders in East Anglia.

Lord Young’s study, Enterprise for All, proposes a range of initiatives covering age groups from primary school pupils to undergraduates.

He says that the end of the “job-for-life” culture means that young people are likely to have multiple careers during their working lives, with a greater probability of running a business of their own.

Under his recommendations, even the youngest school children would be taught about the role and importance of business and the need to make a profit. Other plans include allowing secondary school pupils to create their own start-up businesses and the creation of an enterprise society in every university.

Lord Young said: “The most employable skills of all are the three Rs but they, by themselves, may not be sufficient unless accompanied by an enterprising attitude.”

And he added: “Enterprise means far more than just the ability to become an entrepreneur. It is an attitude and set of skills that are vital in today’s growing global economy.”

The recommendations were backed by Kevin Horne, chief executive of regional enterprise agency NWES, which includes a charitable arm that works extensively with schools.

“This is not about turning out ‘little Alan Sugars’ but about getting people to think in an enterprising way and developing team skills and leadership skills,” he said.

“Hopefully, it will lead to some of them running their own business − there is nothing wrong with that − but the idea is to add to the curriculum and to provide social skills and employability skills.”

Mr Horne added: “The report says that education and business should not be two separate spheres. I believe that is correct, and that we should start at an early age.”

Lord Young’s report was also broadly welcomed by Suffolk entrepreneur Henry Catchpole, although he cautioned that it would be wrong to place excessive emphasis on profit.

Mr Catchpole, formerly head of pensions business Suffolk Life, which was sold to Legal & General in 2009, and now chief executive of management software company Inform Direct, said: “Lord Young may be slightly optimistic that teaching primary school children how to set up a business and make a profit will foster a new wave of entrepreneurs.

“However, that is not to say it should be shouted down. Indeed, ‘business’ could be a great topic for practicing the 3Rs, which after all are the fundamental skills that everyone needs whatever they subsequently turn their hand to.”

He added: “Where the idea is embraced it will be important that schools do not simply equate success with the amount of profit made. Any businessman will tell you that their greatest lessons have been learned from what didn’t work!”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Police are releasing CCTV images of potential witnesses as work continues to trace missing Corrie McKeague.

A heavy police presence on the westbound side of the A14 near opposite the Whitehouse Asda on Bury Road has been reported this afternoon.

An Ipswich man involved in robberies at a post office, bookmaker and of a security van has been jailed for 17 years.

Community leaders have agreed to formulate plans to spend hundreds of thousands of pounds of developer contributions on infrastructure projects in east Suffolk.

A casting director is holding open auditions this weekend for paid roles in a short film to be shot in Suffolk later this month.

The Screen Suffolk deal which aims to bring film and TV productions to the county was officially launched at an exhibition in London on Tuesday night.

A family-run building company based in Nowton, near Bury St Edmunds is celebrating winning one of the UK’s most prestigious construction industry awards – for the fourth time.

Father Christmas and his friends from the Ipswich Round Table are preparing for the 2016 Rudolph Run but what route will they take this year and when will they visit your street?

Quiz teams converge on John Grose for charity fun and fundraising nights

A couple have thanked Ipswich Hospital for the care staff gave their premature twin nieces by ditching their wedding gift list and asking for donations for the neonatal unit instead.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24