Entrepreneurship Opportunities
Debate between Baroness Wilcox and Lord Bishop of St Edmundsbury and Ipswich
Baroness Wilcox
I thank the noble Lord for that question. It is a very sensible idea. We have many things under way but I think that this is a new way of thinking in that direction. It is what we expect from the noble Lord, and I would love to think that one day we could get him to sign up as one of our enterprise champions.
The Lord Bishop of St Edmundsbury and Ipswich
My Lords, I am sure the Minister is aware that there have been some very welcome investments in the school for entrepreneurs, the Enterprise Academy and the work at Suffolk One sixth-form college in Ipswich. However, these sit alongside a disturbing and rising figure for young people not in education, employment or training. Does the Minister agree that, if more investment were put into such excellent facilities, that might have an effect on the other figure?
Baroness Wilcox
Yes, the right reverend Prelate the Bishop of St Edmundsbury and Ipswich is right. Everything we can do to help to build the confidence of the young in this area is very important. We have the new enterprise allowance, which helps unemployed people to start their own businesses. It is available to those who have been claiming jobseeker’s allowance for six months or more, and it provides access to business mentoring, as well as offering financial support. Very often, it is a case of having somebody to talk to who understands the situation. I am lucky that I grew up in an entrepreneurial family and therefore I grew up with the language of entrepreneurs at home. These facilities provide an enormous advantage for children who come from homes where perhaps no one at all goes out to work and where they are therefore starting from a point of terrible disadvantage. We are looking at this carefully to see what we can do to help.