Young Enterprise
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Young Enterprise is a national charity who specialise in
Enterprise Education Business education is a branch of education that involves teaching the skills and operations of the business industry. This field of education occurs at multiple levels, including secondary and higher education Secondary education At secondary l ...
and
Financial Education Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run prog ...
. Young Enterprise works directly with young people, teachers, volunteers and influencers to build a successful and sustainable future for all young people. Through their hands-on employability, enterprise and financial education programmes, resources and teacher training, they aim to help young people realise their potential beyond education and empower a generation to learn, to work, and to live. Since 1962, Young Enterprise has worked with both the business and education sectors to engage over four million young people.


History


Early history

Sir
Walter Salomon Walter may refer to: People * Walter (name), both a surname and a given name * Little Walter, American blues harmonica player Marion Walter Jacobs (1930–1968) * Gunther (wrestler), Austrian professional wrestler and trainer Walter Hahn (born 19 ...
founded Young Enterprise in the 1962/1963
academic year An academic year or school year is a period of time which schools, colleges and universities use to measure a quantity of study. School holiday School holidays (also referred to as vacations, breaks, and recess) are the periods during which sch ...
, based on the American
Junior Achievement JA (Junior Achievement) Worldwide is a global non-profit youth organization founded in 1919 by Horace A. Moses, Theodore Vail, and Winthrop M. Crane. JA works with local businesses, schools, and organizations to deliver experiential learning ...
programme. By the 1973/1974 academic year, there were twenty-two area boards across the UK running Young Enterprise programmes. In 1977, the European Federation of Young Enterprise was formed, with the UK,
France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
and
Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
amongst the founding members. This was then renamed in 2002 to 'Junior Achievement/ Young Enterprise Europe'. In the 1980s, the Company Competition began to take on the form it has today. Young Enterprise companies would submit reports to judges who selected the best from each region. The six regional winners were then invited to attend the National Finals in London, where they would deliver a presentation. Midland Bank (now
HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...
) also took on the Chairmanship of Young Enterprise in 1988.


Decentralisation and the introduction of new programmes

During the 1990s, Young Enterprise became less
centralised Centralisation or centralization (see spelling differences) is the process by which the activities of an organisation, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particu ...
. On August 26, 1991
Young Enterprise Scotland
became an independent charity operating under licence from the main UK organisation. Similarly, Young Enterprise Northern Ireland was formed in August 1997. Wales followed suit, with its own organisation in October 1999. Aside from decentralising its operation, Young Enterprise also introduced new programmes during the 1990s. Project Business was launched in 1995, International Trading and Entrepreneurship Masterclass in 1997, and a Graduate Programme in 1998. In the 2000s, Young Enterprise continued to launch new programmes and reorganise its regional structure. The Primary Programme, originally run in Northern Ireland, was introduced the rest of the UK in 2000. In 2002, the charity's structure was finalised, with 12 autonomous regional organisations throughout the country. 2003 saw the introduction of a further two programmes, Learn to Earn and Enterprise in Action. Young Enterprise's ninth programme, Personal Economics, then launched in 2005.


Benefits for participants

Typically, students who have participated in Young Enterprise will have a better understanding of entrepreneurship and business than their peers. Research conducted by FreshMinds found that students who complete the Company Programme typically earn between £40,000 and £45,000 after they reach the age of 30. In contrast, their classmates who did not take part in the programme, earn £26,000 to £30,000. Nearly 60% of those who had been on the Company Programme said they had a "good understanding" of career options when they left school, while 46% of those who did not take part did. It was also found that Young Enterprise
alumni Alumni (singular: alumnus (masculine) or alumna (feminine)) are former students of a school, college, or university who have either attended or graduated in some fashion from the institution. The feminine plural alumnae is sometimes used for grou ...
are twice as likely to start up their own company than their peers.


References


External links

{{commons category
Young Enterprise England

Young Enterprise Europe

Young Enterprise Malta

Young Enterprise Scotland

Young Enterprise Denmark

Young Enterprise Norway
Business education in the United Kingdom Children's charities based in the United Kingdom Education in the London Borough of Islington Educational organisations based in the United Kingdom Junior Achievement Organisations based in the London Borough of Islington