Ready for Tomorrow’s World Spotlight on Company Programme winners Company Programme Impact Report The Challenge of the ‘Rise of the Robots’ Online Store for Student Companies Olivia: Young Enterprise to Young Engineer
IMPACT report special
CONTENTS IN THIS ISSUE...
Welcome
This year’s National Centre of Excellence Conference took place on 7 November 2017 at County Hall, London to a packed audience of 250 delegates.
When I was a schoolboy, we were excited by the Saturday afternoon movies that warned us to fear the ‘rise of the robots’. Then it was harmless fun, but today the progress of technology really does give young people fear for their future.
This conference brings together teachers who are part of the Centre of Excellence network of schools. These schools work incredibly hard towards achieving and evidencing a set of best practice financial and enterprise education criteria, and to become an accredited Centres of Excellence school once successful. There are currently 138 centres on the programme, made up of schools, Further Education (FE) colleges, Special Education Needs (SEN) centres and alternative provision settings.
That’s the conclusion of our survey of some of the brightest young entrepreneurial minds in the UK: our 200 Young Enterprise Company Programme finalists. We took the opportunity to ask them what they thought the world of work would look like, with the continued automation of the workforce. Their fear was very real. Over 75% said they feared there would be fewer jobs available to them. Over two thirds said they would find it harder to get a job. Only a handful welcomed the rise of the robots as an opportunity to launch new tech businesses, or to surf the wave of innovation that mechanisation will bring. PwC has estimated some 30% of mainstream transport, mechanical and retail jobs could be under threat in the next ten years. How should we respond? It seems clear that some of the core subjects pupils are currently learning at school may be those first in the firing line when robots play an ever more central role. But there are skills that we can teach in the classroom that cannot be done by robots. Team-building, learning from each other’s experience, good communication, creativity, being resilient and adapting to change, presenting and innovating. Being human. Evaluation of the core impacts of our Company Programme, reported in this issue, continues to demonstrate that when young people are exposed to these business and soft skills they come out shining compared with their peers. Schools desperately need to respond, if they are to send all pupils into an ever tougher workplace. In July, the 200 Company Programme finalists showcased some of the most innovative and creative products I’ve ever seen. But more importantly, the companies and those amazing pupils that run them demonstrated the highest levels of resilience, teamwork, communication, confidence and co-operation. Skills that will set them up perfectly for tomorrow’s workforce. No robot could ever generate the enormous pride felt by parents, teachers and Young Enterprise partners, volunteers and staff at this years Company Finals event. Well done to every one who took part. Michael Mercieca Chief Executive, Young Enterprise
Martin Lewis endorses new Young Money brand
11 04 CENTRE OF EXCELLENCE Martin Lewis endorses new Young Money Brand
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06 Company Programme Winner 2017 Trying to write in the wind and rain? You need VenturePad 09 Jack Davy-Dupris Big Lottery Fund National Journey Award winner 2017
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10 Online store launch Young Enterprise launches online store for student companies
13 Business Mentors Anton Bush - Lead teacher for Young Enterprise 14 our stories Olivia Rogers 15 CPD Training Young Enterprise initiatives
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Produced and distributed by Young Enterprise. Charity No. 313697. Young Enterprise head office: Yeoman House, Sekforde Street, London, EC1R 0HF, Email: info@y-e.org.uk, Tel: 020 7549 1980, Web: www.young-enterprise.org.uk
“Through delivering the programme our staff have been upskilling themselves and bringing new skills into lessons without even realising it. When we started the staff agreed the initiative was a good thing for pupils but they didn’t realise how much they personally would get out of it.“ Stuart Brooks, Year 6 teacher and Head of Maths
The conference was the perfect setting to launch our new financial education brand, Young Money, helping to showcase the full range of support Young Enterprise provides to schools, and building on the merger of pfeg into Young Enterprise in 2014. A morning of interactive workshops was followed by an inspirational presentation from Martin Lewis OBE, founder of moneysavingexpert.com. His passionate message around the need for financial education for all young people resonated amongst delegates, and four days after the conference Martin backed up his words by publically announcing his funding of Young Money to develop a financial education textbook to be delivered into all secondary schools in September 2018.
11 Robot Revolution The Challenge of the ‘Rise of the Robots’
16 our volunteers Paula Vennells
For the first time ever, this fantastic day of learning, collaboration and celebration was extended to teachers beyond the Centre of Excellence programme. Those attending looked to further the financial education provision of their own schools, share thoughts and ideas with others and congratulate the 24 schools and FE colleges receiving their accreditation award.
One of the schools who received their award at the conference was Mount Wise Community Primary School. It has seen it’s SATs Maths results improve in just one year since joining the Centres of Excellence programme. The number of pupils reaching the expected standard for maths has increased from 73% last year to 92% this year and the percentage of higher attainers has increased from 23% to 32%.
EASY MONEY: THE TICKING TIMEBOMB OF GENERATION DEBT Young Money released its new insight paper entitled, Easy Money: The Ticking Timebomb of Generation Debt” which reveals the deep concerns of teachers around financial education awareness in UK schools. Easy Money follows on from the state of the nation report from the All Party Parliamentary Group (APPG) on Financial Education for Young People, which discussed the impact and effectiveness of financial education in secondary schools. The APPG report highlighted the need for practical classroom resources to deliver effective financial education, since provision of financial education across the country is inconsistent. Access the full report at: http://bit.ly/2jT74hV Autumn/Winter 2017 | inspire magazine | 4
12%
“In a world where the workplace is getting tougher, and those living in deprivation are finding it harder to enter or stay in the workforce, these latest findings yet again confirm that giving young people key workplace skills, confidence and experience while still in education improves their life chances,” said Sharon Davies, Deputy Chief Executive at Young Enterprise. “This has a massive impact on the UK economy. But the most significant impact is on every participant. Through Young Enterprise they are each just a little bit more confident to apply for that job; able to achieve the education level they didn’t before think possible; take the plunge and launch their own business; or make a life-improving step they wouldn’t otherwise have considered.” Download The Young Enterprise Company Programme 2016 -17 Impact Report at: www.young-enterprise.org.uk/report
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8%
4%
4%
6%
6%
6% 4%
4%
3%
4%
0%
0%
- 2%
-4%
Company Programme is aimed at Secondary School Key stage 4 and 5 students, giving them the opportunity to set up and run a student company over the course of an academic year. They come up with the ideas, appoint their company management, make the decisions, and run the company. But Young Enterprise provides support and advice, as well as 1,575 business advisors from successful local businesses. More than 17,000 young people, across more than 1,000 schools, colleges and other institutions participated in Company Programme this year, running between them nearly 1,500 student companies. Companies design, create and sell their goods or services, and are also entered into regional finals, the winners of which then
proceed to national finals. The emphasis is on giving students key business, finance, communication and self-confidence skills that aren’t traditionally available in the classroom. Our Impact Report routinely shows the Company Programme significantly improves young people’s interest in and ability to join the world of work, compared to their peers. The programme is a natural progression from our popular Fiver and Tenner Challenges, which give younger pupils small sums of money and challenges them to create small businesses that turn their £5 or £10 into greater sums. If your school is interested in improving the work-life chances of your students through our proven Company Programme, please visit: young-enterprise.org.uk/secondary or email: info@y-e.org.uk
-3%
Communication
-6%
Control Group Company Participants
VenturePad: Finals winners showed dedication, hunger and genuine business acumen.
5%
9%
5%
4%
4%
3% 3%
-1% -1%
Company of the Year supported By HSBC
Career Capabilities
Intentions
Aspirations
Resilience Intentions
Self-Esteem Career Capabilities
-3%
-4%
Aspirations
-3% Organisation Self-Esteem
Communication
Financial Capability Organisation
4%
-1% -4%
Financial Capability
Work Readiness
Aspirations
Self-Esteem
Resilience
Confidence
Financial Capability
Organisation
Initiative
What Control is theGroup Company Company Participants Programme?
5%
0%
-1%
-4%
- 5%
Problem Solving
-1%
Problem Solving
- 5%
-6%
5%
1%
0%
-2%
- 2%
7%
3%
Teamwork
-2%
0%
7% 5%
2% 0%
7%
6% 4%
4%
9%
8%
8%
8%
7%
2% 0%
10%
10%
Organisation
5%
7%
12%
7%
5% 5%
9%
8%
0%
-4%
Trying to write in the wind and rain? Control Group You need VenturePad,Control Young Group Enterprise Company Participants Participants Company of the Year Company Winner 2017
Initiative
6%
6%
7%
8%
-6%
-6%
Career Capabilities
8%
8%
10%
-1%
8%
1%
-1%
0%
-4%
-4%
Control Group Company Participants
10%
10%
Communication
Most significantly, Company Programme participants are more likely to remain in work, education or training than their peers. Over a third of our Company Programmes take place in the most deprived areas in the UK. It will rise to 50% in 2019.
Control Group Company Participants
12%
Teamwork
Our annual survey of the impacts of the Company Programme has revealed that participants continue to ‘graduate’ with increased selfconfidence, a better knowledge of the workplace, better workplace skills such as communication, teamwork and resilience, and a more positive attitude to the world of work.
Solid Impact in Every Area...
-1%
7% 5%
1%
Problem Solving Initiative
Our Impact Report reveals Young Enterprise’s Company Programme creates a generation of entrepreneurs and improves students’ skill sets, all ready to take on an ever more challenging world of work. Knowledge. Self-confidence. Resilience. Excitement about the future. Those are the key traits that young people who participate in Young Enterprise’s Company Programme are gaining by being part of our exciting flagship initiative at schools across the UK.
-1%
-2%
- 5%
-2%
0%
Intentions
Teamwork Initiative
Communication
Teamwork
- 5%
Problem Solving
- 5%
-6%
- 5%
0%
0%
0%
Teamwork Communication
-6%
5%
Company Programme Winner 2017
- 2%
- 2%
Initiative Confidence
-4%
- 2%
Problem Solving Financial Capability
-4%
- 2%
Communication Organisation
-2%
2%
0%
-2%
4%
2%
Aspirations
0%
0%
0%
0%
0% 0%
0%
7% 7%
6% 7%
6% 7%
4%
4%4%
4%
4%
Work Readiness
Ready for work and hungry for success 2%
3%
8%
6% 6%
Financial Capability
2%
3%
4%
6%
6%
Problem Solving
4%
4%
8%
8%
8%
10%
Initiative Resilience
4%
10%
7%
10%
10%
Resilience
5%
7%
12% 12%
Teamwork
6%
8%
7% 7%
Aspirations
4% 5%
6% 7%
8%
Self-Esteem
4%
4%
6%
4%
8%
Resilience Work Readiness
6%
6% 7%
10%
8%
Confidence Aspirations
6%
Organisation Resilience
8%
8%
8%
10%
8%
10%
Self-Esteem
10%
10%
impact report company programme
10%
Financial Capability Self-Esteem
12%
A team of students from London have created a waterproof, tearproof, hardwearing notebook which has won them the Young Enterprise Company of the Year Award for 2017, sponsored by HSBC. The paper in their spiral bound pad, they promise, won’t tear “whatever it is exposed to”. The company from St Paul’s School were highly praised by their judges not only for their innovative product, but the for the quality of their marketing plan and execution, and for their strong business model. Teams are judged against a strict set of criteria including innovation, sales, marketing, financial performance, social impact and teamwork. They beat 13 other companies at the finals, which were held at The British Film Institute in July. The team went on to represent the UK in Brussels at the European final and won the prestigious Pulse Foundation Most Astonishing Idea Award. Ed, a student from the winning team said: “With the level of commitment each member of the team has put into VenturePad, winning the Final quite simply means everything to us.” Ian Stuart, CEO UK, HSBC said: “It wouldn’t surprise me if it leads to some of these students becoming the entrepreneurs and business leaders of the future. They have also shown dedication, hunger and genuine business acumen. The Young Enterprise scheme is a great way for youngsters to gain invaluable experience in the word of business in a fun yet educational way.”
Recognising Excellence and Achievement
Social Enterprise Sponsored By asda
The winners of the Welsh Young Enterprise Final also won the prized Social Enterprise award at the UK National Finals in July. Young entrepreneurs from Olchfa School in Swansea also came second in the overall Company of the Year competition.
The Young Enterprise Finals also celebrated the best student companies across a variety of business and innovation areas...
The Social Enterprise award recognises the team which demonstrates excellence in its approach to social enterprise and community investment. Their company, SOS, impressed judges with their social enterprise which created a shoe insole with a hidden compartment for a house key or money.
Creativity Award Sponsored By Disney ©
SOS is short for Save our Soles. The company’s social mission was to provide safety for those at risk of not getting home safely after a night out.
Young entrepreneurs from the Beech Grove School in Wellington, in the South East of England, won the Young Enterprise Company Programme award for creativity, for their U-Makit children’s toys.
Steffan from ‘SOS’, said: “From Young Enterprise 2017, I’ve made various new friends that are as enthusiastic as I am about business!”
The company created and marketed self-assemble toys for younger children, impressing the sponsor Disney with their originality and imagination. Sebastian from U-Makit, said: “We enjoyed the day, especially meeting other competitors and checking out their products. Overall it was a phenomenal experience.”
Innovation in IT SPONSORed by At&T
The prize for most innovative company in the world of IT was awarded to Orbit, a company formed by students at King Edward IV School in Stafford, West Midlands.
Pursuit of Opportunity
Their product is described as “a children’s book that has fully embraced the digital age”. Students recognised a gap in the market for high-tech books for young children. It combines an easy to read story book about an alien visiting seven different countries, with an App which brings the book to 3D life when a smartphone camera is pointed at each page.
SPONSORed by Delta Air Lines
Ellie from Orbit, said: “Young Enterprise has provided us all with priceless experience in business, accounting, marketing and management – something we all agree will benefit us hugely in the future.”
Students from the British protectorate of Gibraltar won the Pursuit of Opportunity award, for the creation of a contactless wristband capable of storing the wearer’s medical information. The company, Link IT from Westside School, were recognised for the pursuit of opportunities to work with other partners to create the innovative product. They collaborated with Gibraltar Health Authority and St John Ambulance to ensure first responders could instantly access the medical records of individuals wearing the wristband. Henry from Link IT, said: “We had a very exciting day; it was a great opportunity to showcase our product and our work ethic as young individuals.” 7 | inspire magazine | Autumn/Winter 2017
“It was a great opportunity to showcase our product and our work ethic as young individuals.” Link IT: Recognised for the pursuit of opportunities to work with partners.
Orbit: Point the smartphone and the children’s story book ‘comes alive’
JACK DAVY-DUPRIS Big Lottery Fund National Journey Award winner
“I just wanted to see this through” Luton schoolboy wins Young Enterprise Journey Award For Jack Davy-Dupris, his major problem was motivation. “I would never take the initiative, my attitude was: if it happens it happens, if it doesn’t it doesn’t. It was a build-up of things in my life that contributed to a lack of motivation,” said the 16 year old. That build up of things included being a victim of racist bullying. “It’s hard to pick yourself up when you’re bottom of the pile.” He became self-enclosed, didn’t want to communicate. Jack became involved in Young Enterprise through a project at Mary Seacole, a housing association in Luton. There he was experienced a new environment and gained the motivation to launch his own Young Enterprise company: Seacole’s Awareness. The company designed and sold t-shirts to raise awareness of hate crimes and to combat racism, issues which meant a lot to Jack personally. “I got bullied a little when I was younger because of my race. It was nice to do the opposite, raise awareness and help this not happen to other people.” The concept proved popular and the t-shirts sold fast across trade fairs in Luton. Throughout the year, many of Jack’s team members came and went, usually when they joined or left the housing association or gained employment.
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Young Enterprise launches online store for student companies
“It was hard to move forward because we were consistently having to explain the same stuff to different people.” However, Jack said this forced him to develop his communication skills.
Young Enterprise company participants are to be offered an easy opportunity to sell their products online, thanks to a new sales platform launching this autumn
Overcoming and learning from challenges is a key element of the Company Programme. The day before the team were due to compete against local teams, a computer error deleted key documents, presentations and t-shirt designs.
The website will give student companies a central place to sell their wares; instead of missing out on selling online, or having to create their own online sales channels – which are more likely to be distrusted by online buyers, and put student companies at risk of financial issues arising.
“Normally I’d have got mad and just stopped doing it,” Jack said. “I’ve never seen something through to the end; I just want to see this through.” Jack ended up recreating everything from scratch. Impressed by his transformation, the housing association nominated Jack for the Young Enterprise Journey Award, which is awarded to the student who has made the most transformational journey throughout the year. “It was the first thing I’d ever won. The experience has completely changed my plans for the future,” Jack said. “I’ve learnt so many skills I now want to have my own business. I feel like my future looks brighter, there are a lot more doors open now, which means I can put myself in a good position and help out my family.”
“i feel like my future looks brighter now, there are a lot more doors open.”
With one in four products now bought online in the UK, Young Enterprise student companies cannot afford to miss out on sales using the internet. However, until now they have had to take risks using mainstream platforms, or the expense of trying to code their own online sales processes. The result has been companies restricted to selling only within and around schools, or at physical trade fairs, cutting off a huge potential customer base. The new YE Marketplace platform offers a one-stop-shop solution for any Young Enterprise company that wants to sell its products online. Pilot testing of the platform revealed three quarters of student companies got a positive reaction from selling their products on the
“The new YE Marketplace platform offers a one-stopshop solution for any Young Enterprise company that wants to sell its products online.” online platform. Two thirds said they would recommend the online platform to other student companies. Most student companies said the web analytics tools they were able to use as part of the platform improved their online skills, and allowed them to adjust their online techniques to improve sales. Well over half said the platform had helped their money management skills, and others credited it for helping them to better understand payment processing and stock maintenance. Visit the website to find out more... www.ye-marketplace.org.uk
The new platform will enable companies to: ▶ Create a biography of their Young Enterprise company ▶ Upload photos, videos and press releases about their company ▶ Create for each of their products a picture, description and price ▶ Sell products direct to the public and receive payment electronically ▶ Manage orders and advise customers of delivery and despatch dates ▶ Take part in Young Enterprise organised competitions and leagues ▶ Encourage visitors and customers to window shop and engage with Young Enterprise student company shops Autumn/Winter 2017 | inspire magazine | 10
©shutterstock.com
research report: by young enterprise
Preparing for the
Robot Revolution Classroom learning is failing to prepare students for a world where they will have to compete with new technologies for work. Schools need to do more to put soft skills such as innovation, creativity and self-confidence at the heart of their classroom curriculum, if their pupils are going to stop fearing that robots and new technology will make it harder to get a job in the future. That’s the striking conclusion of new Young Enterprise research which has revealed that the majority of the brightest young entrepreneurs in the UK fear that machines and automation will make the future workplace tougher. Nearly 60% of the 200 finalists in this year’s Young Enterprise Company Programme said
Robot Revolution: The impact of artificial intelligence on entrepreneurs and job prospects. “The rise of the robots will have a devastating impact on job prospects for young people who have not been equipped with basic work skills. It’s time to wake up and recognise education must extend beyond academia and properly prepare the next generation for the world of work with skills like communication, teamwork and creativity,” said Michael Mercieca, Chief Executive, Young Enterprise.
they might find it harder to get a job because of the ‘rise of the robot’. Over three quarters feared there wouldn’t be as many jobs available. One third of students said the robot revolution would prompt them to do more to prepare themselves for the workplace, such as gaining the skills they would need. But training in those skills needs to be available in schools. They said pupils would need basic work competencies such as teamwork and problem solving that would enable them to stand out as better suited for a work role than a machine.
The implications of the report are clear: traditional classroom learning is not enough to prepare our young people for tomorrow’s working environment. Pupils themselves believe they need solid education in business, presentation, communication, resilience, teamwork and other softer-skills in order to compete.
Our recommendations... • Increase training for pupils in soft and digital skills, so they can adapt to rapid change; • Increase employer engagement in schools, so pupils come away with fully rounded CVs and better workplace skills; • Instil a culture of entrepreneurism and confidence. Stop focussing all efforts on academia alone, and recognise that future entrepreneurs need practical programmes, business mentors and work experience.
Download Robot Revolution: The impact of artificial intelligence on entrepreneurs and job prospects. www.young-enterprise.org.uk/robot-revolution 11 | inspire magazine | Autumn/Winter 2017
The consultancy PwC has warned that 30% of all jobs are susceptible to automation by early 2030, with traditional careers in transport, manufacturing, wholesale and retail most at threat.
ROBOT RE
VOLUTION
The impact of entrepre artificial intelligenc neurs and job prospe e on cts
Nearly 60% of the 200 finalists in this year’s Young Enterprise Company Programme said they might find it harder to get a job because of the ‘rise of the robot’
Business mentors Anton Bush lead teacher for Young Enterprise
Students don’t want to listen to teachers...again Anton Bush is lead teacher for Young Enterprise at Chosen Hill School, Gloucestershire. He has introduced a number of Young Enterprise initiatives including the Tenner and Company Programmes, and welcomed business advisors from Unilever. “Science, Technology, Engineering or Manufacturing (STEM) education will offer pupils the skills they’ll need to improve future work prospects”, he says.
in Year 9, then we can start having the conversations about what you might need if you go into some engineering or STEM type qualification or job.”
Why did you want to work with Young Enterprise? “Pupils need to start making that transition from school to employment and I think the earlier they start thinking about that, the better for them. It’s amazing how in Years 9 and 10, they’re not really thinking that far forward about work and what they want to do later on.
Why did you champion Unilever coming in to your school? “I’m a big believer in companies such as Unilever being involved and getting their face into school. It’s much better to have an external speaker coming in talking about this stuff than listening to me again.”
“A lot of these activities are with four or five students in a team doing something. Even the less academic ones could actually contribute to that team and could see that there is a place for everyone. Anything we can do which builds those skills I think is really important”
What results have you seen? “We had more students choosing triple science than we can cope with; we had to sort of turn some away… We can only cope with about 60 students choosing triple science and this year we had about 80/90 apply.”
Why did you want to emphasise STEM? “Dealing with people who regularly work in the industry – engineering type people - raises pupils’ awareness of it because, despite our best efforts in school, I think many students don’t really know what engineering involves. So getting something like this happening
What has been the best part of your work with Young Enterprise? “I liked the enterprise project part of it. The students actually knuckling down and having the opportunity to do things. It was really useful having the Unilever people coming in on a weekly basis, those were the most powerful bits for me”
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Young Beginnings The Young Enterprise Company Programme is our flagship programme for sixth-forms and older children at secondary school, but we aim to introduce the idea of money, innovation, business and entrepreneurship far earlier. As well as providing a range of resources, teaching plans and more, we run two free and easy to join programmes specifically aimed at younger pupils.
i Pupils aged between five and eleven have one month to set up a mini business and create a product or service they can then sell or deliver at a profit and engage with their local community. It’s a fun, easy to implement and free scheme to kickstart your relationship with Young Enterprise and to begin making an impact on your pupils. IMPACT: 98% of teachers reported that financial education and numeracy were the main contribution to pupils’ learning
i Young Enterprise’s Tenner Challenge is the largest free national enterprise challenge for secondary schools in the country. Students get £10 and have one month to set up a business, coming up with an idea of a product or service that makes a social impact, gaining first-hand experience of what it’s like to be an entrepreneur. The initiative provides a highly interactive way for students to develop key skills including creativity, resilience, and problem solving, using real money to take calculated risks. IMPACT: 82% of participants felt Tenner provided them with a unique opportunity to learn and achieve new things
our stories OLIVIA ROGERS
From Young Enterprise to Young Engineer A second year university student has credited her participation in the Young Enterprise Company Programme as a key to achieving her place on an engineering degree course.
Olivia Rogers, previously describing herself as ‘introverted and shy’, is now completing an aerospace engineering degree at Airbus in Chester. Communication, she says, is now one of her key skills. Olivia completed the Company Programme whilst in Year 11 during the 2013 - 2014 academic Year, where she was Finance Director for her school company. But the experience of getting practically involved in the design and marketing of her product turned her away from accountancy as a chosen career and towards engineering. “Even though [the Finance Director role] had maths and I do enjoy maths, I like doing practical things as well so that’s what pushed me towards engineering and mechanics,” she says. “Then I went through the Young Enterprise programme and found that I can’t do finance very well, so it’s not for me.” After the Company Programme, Olivia returned to her old school weekly as a Young Enterprise mentor, to help other students make the most of the scheme.
She found this experience enhanced her communication skills. “It felt like it was another type of communication – like teaching rather than learning.” At the same time, Olivia was undergoing interviews to achieve a place on an Airbus sponsored engineering degree course. She credits the communication, teamwork and creative thinking skills she learned as part of her Young Enterprise participation as putting her in a good position to get onto the degree course and now making the most of it. “I wouldn’t have been as involved with the team; I would have just sat back and let everyone else do it… I used my experience through doing the Programme, with budgets and that side of things, and teamwork and asking them what they wanted,” she said. “Communication, team-building, problem solving is what Young Enterprise taught me. I really built on those skills and I refer to it in all my interviews.
“Taking part in YE enabled me to gain a lot of fundamental skills needed in an engineering environment and I am very grateful for that opportunity.”
“Communication, team building, problem solving are what Young Enterprise taught me. They really built on those skills and I refer to it in all my interviews” Olivia Rogers
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CPD Training for Teachers
OUR VOLUNTEERS The Post Office is delighted to be supporting Young Enterprise this coming year. Whether the students go on to set up their own business or work for a business, being prepared with the skills needed for working life is so important and we’re pleased to be part of this journey with them.
Teachers in Wales and England are to benefit from training in how to develop and deliver financial education to their students, through a new Young Enterprise initiative. We are launching a series of CPD training sessions for teachers, with the aim of increasing their knowledge, confidence and commitment to teaching financial and enterprise education in the classroom.
“My day volunteering at City Gateway College was an enjoyable and valuable experience. There were so many bright young students and what they achieved in the three hours through the Footwear challenge was astonishing. I’m looking forward to see how their skills progress over the coming months and I wish them well in the preparations for the Company programme.”
“Training is crucial in developing the knowledge and confidence of teachers to embed high quality financial and enterprise education into their school curriculum,” said Russell Winnard, Head of Educator Facing Programmes and Services.
Paula Vennells Group Chief Executive, Post Office
Our research has show that teachers do not feel they have the knowledge or confidence to develop and deliver these areas effectively. Our teacher training sessions have been designed to improve their skills and help teachers meet the needs of their own schools. The training is designed to complement Young Enterprise’s programmes targeting school pupils. For further information and to download a brochure go to: www.y-e.org.uk/CPDtraining
REBRAND UNDERWAY
Young EnTERpRiS E
Teache Brochur Training re 2017/18 academic Year
YE CPD
Brochure
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Textbook teaching on finance is anything but the norm Secondary school pupils are soon to benefit from a free textbook geared towards crucial cash focused skills. This handy and informative textbook for secondary school classes, is published by Young Money. It aims to support education in the classroom around using money, attitude to finance and understanding enterprise. It has been published in response to discussions with the Department for Education which reveals resources are slim for financial education in schools. 15 - and 16 - year-olds will be able to use the textbook to engage in independent and classroom learning around financial issues that may affect them, such as fraud and identity theft, planning for the future, saving and spending, as well as risk and reward.
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Martin Lewis, the founder of moneysavingexpert.com, who has funded this project said, “a truly financially capable society involves all young people having developed crucial knowledge, skills and attitudes towards money whilst in education. In order to make this happen we have to develop the knowledge and confidence of teachers to deliver financial education, provide curriculum solutions for where that delivery fits, and provide high quality tools and resources to support delivery.”
Readers may notice some subtle changes in the way Young Enterprise and pfeg present ourselves over the coming months, as a result of a rebrand exercise. As a charity, we wanted to review our logo, brand colours, identities and position statements, so we were more recognisable to teachers, pupils, new and existing supporters, business volunteers, press and other target audiences. We asked branding experts Something Big to review the charity from top to bottom, consulting with 25 organisations and individuals, from teachers to funders, to inform their recommendations. Something Big co founder, Sally Pritchett, said “The work of both Young Enterprise and Young Money - the new name for pfeg, is critical to the commercial savvy of our young people, I’m really glad we’ve been able to help them create a more confident approach to how the charitiy communicates with their communities.” We hope you’ll like the changes you’ll begin to see from this issue of Inspire and onwards, and we’d love to hear what you think.
The textbook will be provided, for free, to all state secondary schools in England from September 2018.
Autumn/Winter 2017 | inspire magazine | 16
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Our Key Supporters Some of the UK’s leading businesses, trusts and foundations, as well as some truly generous philanthropists, make a huge difference to Young Enterprise’s work and to the lives of young people. Our ever growing list of partners support us through: • Providing direct financial support • Volunteering as individuals, in teams, or joining our advisory or Trustee boards • Supporting Young Enterprise Programmes, or providing prizes and awards • Offering us in kind and pro bono support
To find out more about Young Enterprise nationally or in your region visit www.young-enterprise.org.uk
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