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Self Employed Projects Director with Shropshire Enterprise Partnership. Launched 3 Enterprise Hubs in Shropshire Start Up Britain Champion Co Founder Young.

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Presentation on theme: "Self Employed Projects Director with Shropshire Enterprise Partnership. Launched 3 Enterprise Hubs in Shropshire Start Up Britain Champion Co Founder Young."— Presentation transcript:

1 Self Employed Projects Director with Shropshire Enterprise Partnership. Launched 3 Enterprise Hubs in Shropshire Start Up Britain Champion Co Founder Young Britain Fay Easton

2 UK Youth Unemployment /10 may not work for a decade

3 THE JOBLESS GENERATION 1 million young people unemployed ‘Generational Disaster’ Davos: 2012 UK is in the midst of a youth crisis Low demand for young people’s labour Deloitte 2012 Unemployment rate for year-olds is 20.5% - more than 1 in 5 Nearly 40% of all unemployed people in the UK are young people

4 UK - Fastest rise in youth unemployment of any G8 country since the start of the recession Only Greece and Spain have higher rates of youth unemployment than the UK in the entire OECD. 1 in 4 of the UK unemployed youth have been out for work for more than a year Youth unemployment is expected to reach 1.2million within 5 years Long spells of unemployment in youth have the effect of lowering wages & reducing health levels for life

5 The Industrial Age is over and the UK is losing jobs faster than making them British educational systems and social culture are far less conducive to entrepreneurship than those of the US and Europe ‘innovation led’ economies Start Up Generational Gap Under 24’s 1/10 start a business even though rate of intent is 7/10

6 SELF EMPLOYMENT & EDUCATION "The education system should not only make students employable but be able to employ themselves and this is not happening". The Principal Oakfields Community College Middlesborough

7 43 young people chasing every job MAKE YOUR OWN JOB

8 The Opportunities for GENERATION E An entrepreneurial generation YOUTH ENTREPRENEURSHIP

9 In the UK, incremental increases in self employment are ‘history’ Self-employment is at highest level since records began in 1992 over 1000 people a day are starting their own businesses

10 “ The World of Work is now broken and self employment and starting your own enterprise is the lower risk option – this has never been known at any time in history” LUKE JOHNSON Serial Entrepreneur Chair of Risk Capital Partners Chair Start Up Britain

11 The DIGITAL AGE will change the world of work irrevocably “Work will become more of a tradable commodity rather than JOB. There will be more independent contractors and freelancers. In the US the percentage of work handled by independent contractors has grown from 6% to 27% in 2 decades since ‘digitalisation’ took hold” FREE AGENTS predicted to become more than half the workforce in the next decade

12 MAKE YOUR OWN JOB Young people need ‘Help & Money’ We have both 157 new young businesses started since October 2012 TARGET 25

13 START UP ZONES Hubs+ PEOPLE POWER + finance = 3x PRODUCTIVITY & 98% survival rates

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