Promoting entrepreneurship vital to Welsh economy success
Each year, more than 55,000 young people throughout Wales are involved in workshops to think about how they can become successful entrepreneurs, Economy Minister Ken Skates revealed at the start of Global Entrepreneurship Week.
Big Ideas Wales Role Models have been visiting schools, colleges, universities and other youth groups across the nation to help students think about how they could start their own business and thrive, with all secondary schools in Wales now actively involved.
This has resulted in 57% of people under 25 years old now having aspirations of working for themselves and be their own boss.
The Welsh Government’s Business Wales service has also played a vital role in supporting the creation of start-ups by helping entrepreneurs to create 10,500 new businesses since 2013.
The service has also provided business advice to over 71,000 aspiring entrepreneurs and small and medium sized businesses.
Today marks the start of Global Entrepreneurship Week with events being held to inspire and encourage people through the entrepreneurial ecosystem.
During the week, Big Ideas Wales will be supporting a range of entrepreneurial events across Wales, many in colleges and universities, concluding with the bi-annual ‘Bootcamp to Business’ – an intensive residential weekend that drives young entrepreneurs to start up.
The Youth Entrepreneurship programme, which is part of Business Wales, plays a key role in supporting the next generation of young entrepreneurs in Wales and encourages those interested in starting a business to take their idea forward.
Economy Minister Ken Skates said:
The Welsh Government is as committed as ever to encouraging and supporting the thriving entrepreneurial spirit we have here in Wales.
The importance of entrepreneurs to the Welsh economy cannot be underestimated. Encouraging more home-grown businesses means employment for people and apprenticeship opportunities which results in a more prosperous Wales.
Through programmes such as our Business Wales service, we are supporting people to unlock their inner creativity to setup and steer their business ideas to successful outcomes.
As a government, we will continue to work collaboratively with all sectors to build confidence for our entrepreneurs.
Global Entrepreneurship Week is a fantastic opportunity to promote and increase entrepreneurship across Wales. Through Big Ideas Wales, we have also increased the focus and support for our youngest entrepreneurs and I am delighted so many students have already been engaged with.
Latest News from
Choose Well this winter and get urgent advice and assurance more quickly06/12/2019 09:05:00
Winter challenges put extra pressure on health and social services and people are being urged to Choose Well and access the right services, first time to get quicker advice or assurance, when they or their families become unexpectedly unwell.
New plan to energise Welsh manufacturing05/12/2019 14:05:00
A new manufacturing plan to energise the industry and help it meet the future challenges is being developed by the Welsh Government.
“Build homes in communities where everyone wants to live” – Julie James05/12/2019 11:15:00
Housing developments in Wales that are not of a high quality or designed to help create strong, sustainable communities could be prevented from being built in future, Housing Minister, Julie James will say today.
Rail industry experts help shape proposals for Global Centre of Rail Excellence in Wales05/12/2019 09:20:00
Welsh Government, in partnership with Neath Port Talbot and Powys Councils, has been working with rail industry experts and academia to help finesse proposals for a Global Centre of Rail Excellence in Wales.
Nurse Staffing Levels for Wales extended to benefit more patients04/12/2019 16:05:00
Health Minister, Vaughan Gething, has today announced plans to extend the Nurse Staffing Levels (Wales) Act to include paediatric inpatient wards by April 2021.
Multimillion pound boost for Cystic Fibrosis centre announced04/12/2019 12:05:00
First Minister Mark Drakeford will today announce an extra £4.7m to redevelop and expand the All Wales Adult Cystic Fibrosis (CF) Centre at University Hospital Llandough.
“Positive, but not perfect” says Kirsty Williams as Minister welcomes Wales PISA improvement03/12/2019 14:05:00
Wales’ Minister for Education, Kirsty Williams, today welcomed the nation’s significant improvement in PISA.
Lesley Griffiths confirms reappointment of Kevin Roberts as chair of Hybu Cig Cymru03/12/2019 11:20:00
Minister for Environment, Energy and Rural Affairs, Lesley Griffiths has confirmed the reappointment of Kevin Roberts as Chair of Hybu Cig Cymru, extending his term by a further twelve months.
Ready, cyber, go…03/12/2019 09:05:00
Finance Minister Rebecca Evans is encouraging girls aged 12-13 (year 8) from across Wales to take part in the CyberFirst Girls 2020 competition, which opened for registration yesterday.