Britain Builds A New Generation Of Global Entrepreneurs


A new volunteering scheme will help young people work in start-up enterprises and companies in fast growing economies like Bangladesh, Nigeria and Tanzania


Published on 28 March 2014


by The Rt Hon Justine Greening MP

(WireNews+Co)

London, England

Britain’s most promising young entrepreneurs will learn vital commercial skills while working in developing countries under an innovative new volunteering programme announced today by International Development Secretary Justine Greening.

Volunteers will build business skills, confidence and knowledge of overseas markets so they can return home to become the entrepreneurs and business leaders that Britain needs to remain a global success. Meanwhile, host countries will benefit from the volunteers’ hard work, helping them to become more competitive and, ultimately, less reliant on aid.

Ideas and the drive to succeed are what counts and volunteers do not need a degree to apply. The 18 to 25-year-olds selected will spend up to three months working in start-up enterprises and companies in fast growing economies like Bangladesh, Nigeria and Tanzania creating business plans, managing finances, devising marketing and boosting sales.

The new scheme, called ICS Entrepreneur, is part of the UK’s successful VSO-led International Citizen Service programme. Around 400 young people will go through the programme over the next 18 months and participants will also qualify for academic credit that can be used towards qualifications from the Open University.

International Development Secretary Justine Greening said:

"Britain was built on the dynamism and graft of its entrepreneurs and our country’s future will be no different. That’s why we’re investing in the skills and energy of young people, no matter where in the UK they’re from or what their background, so that we continue to be competitive and successful.

"For anyone determined to be the next James Dyson or Hilary Devey this is an amazing opportunity to kick-start a career in business and entrepreneurship. It’s a win-win for the host countries where the volunteers will work and great for British employers who are crying out for workers with the right skills and a global perspective."

Brian Rockliffe, Director of ICS, said:

"ICS Entrepreneur is based on the established principles which underpin ICS and its proven approach in bringing together young people from the UK to work alongside young people from developing countries to contribute effectively to international development.

"ICS Entrepreneur will not only support private sector development and economic growth in developing countries, but it will also enable skilled young volunteers – both from the UK and in-country – to build a global perspective and a practical understanding of the vital role of economic development in reducing poverty."

A recent survey of CEOs in the UK highlighted concerns that young people’s horizons were not broad enough for a globalised and multicultural economy. They warned that Britain faces being left behind by emerging economies if this narrow outlook isn’t changed.

“Creating and building a business enterprise gives everyone involved a hugely positive and constructive focus,” explained Nick Badman, Chairman of the Peter Cullum Centre for Entrepreneurship at City University’s Cass Business School. “As well as the tangible job creation and economic value that ICS Entrepreneur aims to achieve, the experience should build life-changing confidence and resilience in all those involved.”

“For bright young professionals from the UK, ICS Entrepreneur will offer an accelerated experience of growing a business enterprise within a supported environment. Volunteers will be challenged and energised by ambitious young entrepreneurs from the developing world while applying their skills and early career experience with greater impact than they might achieve immediately at home.”

Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said: “As world economies evolve, an international perspective has never been more important. Enhancing the global outlook of our talent, enables a more outward-looking Scotland and at the same time, motivates developing businesses to reach their potential.

“This is a tremendous opportunity for young Scots to aid the development of frontier economies but also utilise their knowledge back in Scotland to grow our business community.

“Scottish businesses have a proud history of helping people in the world’s poorest countries to develop businesses that can create jobs and the Chamber of Commerce network is fully behind this endeavour.”


For more information about this press release visit https://www.gov.uk/government/news/britain-builds-a-new-generation-of-global-entrepreneurs

 


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Posted 2014-03-28 10:02:00