Project information

The Enterprise programme

The Prince’s Trust Enterprise programme provides disadvantaged young people aged 18-30 with the opportunity to explore whether or not self-employment is right for them. For those who decide to pursue self-employment, we offer support developing a business plan, with start up costs and mentoring.

Ongoing

Charity information: The Prince's Trust

The Prince's Trust logo
  • Need

    Need

    As youth unemployment remains stubbornly high, often at 4x that of the unemployment figure for those over 25. The Prince's Trust is keen to ensure that disadvantaged young people are not left behind and are given the opportunity to succeed and thrive. This often includes broadening their horizons and raising their aspirations to include self-employment as an option which they may not have previously dreamt possible.

    Solution

    The Enterprise programme has a proven track record with over 80,000 business start ups launched since 1983.

    Our recent ‘Trust in Business’ report confirms that sustainability rates amongst Prince’s Trust start-up businesses are extremely high. More than 76% of Trust supported businesses are still trading after two years and 73% after three years.

    The social return on investment ratio for the programme is estimated to be for every £1 spent, £4.31 in social value is generated.

  • Aims

    Aim 1

    To put through 100 young people through The Enterprise Programme

    Activities

    » Set up an eligibility criteria so that we reach young people aged 18-30 who are unemployed or working low hours and have a business idea
    » Engage with external organisations such as youth groups and job centre to identify eligible young people.
    » Promote via our website
    » Hold information sessions - short group session to tell young people about the programme, its purpose and the support on offer.

    We will closely with Outreach and Enterprise teams to monitor this additional number. We are happy to provide a list of those supported as a result of your donation.


    Aim 2

    To reach 25 business start ups.

    Activities

    » The Explore Enterprise Course. 4 days for young people to learn about topics relevant to planning and running a business.
    » Individual support to decide whether or not self-employment is right for them. Support writing business plans and financial support to test idea
    » Mentoring and financial support. Business start up support in the form of business mentoring and financial support to get businesses started.

    We will closely with The Enterprise team to monitor this number. Again we are happy to provide a list of those who set up as a result of your donation.


  • Impact

    Impact

    Our project will completely transform the lives of at least 25 disadvantaged young people, setting them up in and supporting them with their business. A further 61 of the young people we work with will be supported into further education, training or employment, whichever is most appropriate for them and we will continue to work with the remaining 14 to try and support them into a positive outcome.

    Risk

    The Enterprise programme is one of our longest running programmes and has been monitored and evaluated thoroughly. The goals we set are realistic. However we always mindful that setting up in business is not for everyone and as such we strive to ensure that we are realistic with young people at the recruitment stage and throughout.

    Reporting

    We are happy to tailor reporting according to donor need, this could include regular reports, case studies, photos, visits.

  • Budget

    Budget - Project Cost: £100,000

    Loading graph....
      Amount Heading Description
      £100,000 The Enterprise programme 100 young people including grants, loans, running costs of courses
  • Background

    Location

    We work across the UK.

    Beneficiaries

    100 disadvantaged young people aged between 18-30, who have been long term unemployed, or are working under 16 hours a week who have a business ideas that they want to explore.

  • Why Us?

    Why Us?

    We have been operating for over 40 years and are the UK's leading youth charity. Our Enterprise programme has a proven track record and has supported over 80,000 businesses since it started in 1983. We continue to support businesses once they are set up, in the form of specialist business mentoring and our business start up success rate is higher than the national average, which we largely attribute to the continued mentor support.

    Read more about the Charity running this project.

    People

    The Prince's Trust Staff

    Leaders in understanding the needs of young people and the skills needed to start a business.

    The Prince's Trust Volunteers

    Our volunteer Business Mentors are often leaders in their fields with extensive business experience and contacts.

£1000

£1000 will support one young person to explore whether or not self employment is right form them.

“It was fantastic to be part of that community, to share experiences with other young entrepreneurs and meet like-minded people who wanted to transform their business ideas into a reality. I always had the ambition to achieve but The Trust helped me harness it. It was reassuring to be reminded that

Ellie O’Neill from Fenham, Owner of Prince’s Trust supported Studio 34, a knitwear design company which focuses on responsible fashion using sustainab