Issue date: 11 October 2012
A double-decker bus organised by national enterprise campaign StartUp Britain will help to mobilise UWE students' enterprise potential by taking a team of entrepreneurs, business authors and experts to Frenchay campus on Thursday October 18.
The bus will visit UWE at 9am as part of a UK bus tour which will take in 40 universities and further education colleges across the UK.
The StartUp bus will show students how to get access to the support, guidance and funding that exists, pointing them towards specialist mentors and giving them the chance to speak to already-successful entrepreneurs. All attendees will receive a free StartUp Loans kit with a guide on how to start a business and over £200 of StartUp offers. Budding entrepreneurs aged between 18 and 24 can also apply on board for funding from the £82 million StartUp Loan Fund announced earlier this year.
Students at Bristol UWE are part of the generation most likely to consider setting up a business, a recent report revealed. This generation was found to have an 'unprecedented entrepreneurial spirit' with almost one-third of 20 to 29 year-olds wanting to start their own business, according to the report from the RSA charity in partnership with the National Centre for Social Research.
Analysis commissioned by Royal Bank of Scotland Group from the Global Entrepreneurship Monitor agrees, saying there was a 50% rise in people from this age group setting up their own companies in the last year alone. Young people are not short of ideas, but may be uncertain how to get started.
StartUp Britain co-founder Emma Jones said, “We are seeing more and more young people setting up businesses. Research has shown eight out of ten young people think about setting up a business these days as a career path, or a way to turn a hobby into a money-spinning idea.
“Reports suggest this boom in entrepreneurship is down to the millennial generation grasping both the power of modern technology and the internet. These young people represent part of the future of business and our economic prosperity - that's why it's so important to offer them support by delivering the message that they can set up a business, there is support out there for them – and that we'll be with them every step of the way, cheering loudly!”
Unemployment figures in Bristol reveal 4.7 per cent of 16 to 24-year-olds in the area are claiming unemployment benefit.
Bristol StartUp Britain champion Nick Lukehurst said, “This generation has been disproportionately affected by the downturn. Young people need to hear about how to set up a business and where they can get help from sooner rather than later – and this bus tour is just the ticket!”
Ben Pullen, from UWE's Students in Free Enterprise (SIFE) group said, “We just can't emphasise enough how important the start-up message is to our generation. These young people are well aware of the challenges they face when it comes to finding employment – and it's initiatives like the StartUp Britain bus tour that will help them join all the dots together to potentially recognise they can make it happen.”
The tour is sponsored by .CO Internet, the company behind the fast-growing .CO domain and the Gazelle Colleges Group, a network of 19 colleges committed to fostering entrepreneurialism in the further education sector.
- For more information on SIFE see http://www.sifeuwe.co.uk./
- The StartUp Britain campaign is backed by Government but operates as a fully private sector-supported venture. It was founded by eight individuals and business owners and is sponsored by AXA, Dell, Intel, Intuit, PayPal and Magento Go. Its role is to inspire, accelerate and celebrate entrepreneurship. www.startupbritain.co