The Enterprise for All report by Lord Young of Graffham recommends that schoolchildren as young as five should be taught core business skills such as how to set up a business.
Lord Young's latest report focuses on entrepreneurial spirit in education. It is the part of the Government's agenda to make sure that young people leave education ready to work, with the skills and experience employers are after. The review covers the full breadth of education and is aimed at education leaders, teachers and all those involved in policy and delivery of teaching and learning.
Lord Young’s recommendations mean that students will be able to rank university courses by their employment rates and earning potential. Other proposals in the report include:
- the introduction of a new Enterprise Passport – a digital record of all extra-curricular and enterprise-related activities that students take part in throughout their education
- a new national volunteer network of Enterprise Advisers co-ordinated by LEPs, working closely with school heads.
According to freelancer group, the PCG, these skills are more important than ever given the steady rise in young people choosing to go straight into self-employment from education.
Chris Bryce, CEO of the PCG said: “There has been a rise of 24 per cent in people under thirty choosing self-employment over traditional ‘jobs’. These are enthusiastic, enterprising individuals with great ideas and the motivation to turn them into successful businesses. It is vital that schoolchildren understand the ins and outs of running a business so they are ready to become the young self-employed professionals of tomorrow.
“The amount of young people choosing to go into self-employment is drastically rising across all sectors of our economy. Let’s give them the practical business acumen they need to turn their drive and ambition into successful, thriving small businesses.”
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Susie Hughes © Shout99 2014