Prospects wins Youth Entrepreneurship contract in Wales
Edwina Hart, Minister for Economy, Science and Transport has announced Prospects has secured the Youth Entrepreneurship Service contract as part of the Welsh Government’s flagship Business Wales service. The overall service aims to create 10,000 new businesses, 28,300 new jobs and provide support to help inspire the next generation of young entrepreneurs over the next five years across the Principality.
Supported by European Structural Funds and Welsh Government funds, new contracts worth £50m will commence in January 2016 including the Youth Entrepreneurship Service, known as Big Ideas Wales. This scheme focusses on young people aged five to 25 in primary schools to higher education, and is led by Prospects Cymru and partners Cazbah, Mark-it, Business in Focus and Antur Teifi. Over 200,000 young people will benefit from this high quality programme of work which will inspire the next generation of entrepreneurs in Wales through support and encouragement to start a business to fulfil their ambitions.
Economy Minister Edwina Hart said:
“Stimulating business growth and jobs creation across Wales is a key priority for the Welsh Government and one which underpins our economic policies. EU funds are helping our already successful Business Wales service to expand and provide additional targeted support to new and existing businesses which show growth and export potential. We will continue to offer a service to all individuals and businesses appropriate to their needs.”
Andrew Coates, Prospects Sales & Marketing Director said:
“The Youth Entrepreneurship Service is highly regarded in Wales. We are delighted that the work we have done over the last five years delivering Big Ideas Wales, the entrepreneurship contract in primary and secondary schools, has been recognised in the awarding of this expanded contract to support 200,000 young people in schools, colleges and further and higher education institutions across Wales.
“This work that Prospects Cymru and our partners undertake complements our other major contact with the Welsh Government, creating and delivering the prestigious Skills Cymru events in Cardiff and Llandudno. This new, expanded contract will enable us to offer a greater range of services in Wales, opening up new areas for Prospects to showcase our outstanding services and strengthen our commitment to providing centres of excellence across the UK.”