On Saturday 2 March from 10am – 4pm, more than 80 young people, aged 16-18 will be setting up stall at The Lexicon Bracknell, to compete for custom and demonstrate their business skills in the 2019 Young Enterprise Trade Fair.
Representing ten teams from schools across Berkshire, the students have been manufacturing and selling a variety of products and services during their academic year in the Young Enterprise Company Programme. Here they learn about business first-hand through setting up and running a real company.
Rob Morris, general manager at The Lexicon said, “We are proud to be supporting these local young people taking part in the Young Enterprise Trade Fair. It is really important for the community to harness the passion and enthusiasm these students have shown for business and enterprise, and we are delighted to be hosting this fantastic event.”
With advice from local business volunteers, the students elect a board of directors from among their peers, raise share capital, then market and finance a product or service of their choice. At the end of the year they liquidate the company and present a report and accounts. With the opportunity to gain understanding of digital skills as well as safe online trading, Company Programme enables all young people to seize the opportunity to develop some great skills, supported by volunteers who have gone through a rigorous DBS and safeguarding process and backed by £10 million worth of public liability insurance.
Products on sale at the Young Enterprise Bracknell Trade Fair will include laptop cases, candles, bath bombs, relaxation boxes, handmade necklaces, tote bags and boxes of healthy drink recipes.
Denise Firth, Young Enterprise Area Manager for Berkshire said ‘This is the second consecutive year that The Lexicon has hosted the Young Enterprise Fair. I am always ‘blown away’ by the enthusiasm and energy of the young people. It will be a marvellous showcase for the achievements of these young budding entrepreneurs in developing their skills, knowledge and confidence, in just one year. We are extremely grateful to The Lexicon for its continued support of this event’.
About the Company Programme
- The Company Programme, supported by HSBC, is Young Enterprise’s flagship programme, running for young people aged between 14 and 19
- Participants set up their own companies and run them for an academic year, under the guidance of local business mentors
- 2013/14 student self assessment surveys found that 82% felt taking part in the Company Programme gave them the confidence to succeed in the future
- 94% of teachers agreed that the Company Programme increased student self-awareness in their own capabilities and potential and raised their career aspirations.
About Young Enterprise and Young Money
- Young Enterprise is the UK’s leading enterprise and financial education charity working with young people aged 4 to 25
- We are a specialist ‘one stop shop’ for students and teachers, empowering young people to develop the knowledge, skills and attitudes they need for work and in life
- With 15 years of experience, Young Money continues to support teachers, government, consumer bodies and financial industry representatives to assist schools in delivering personal finance education to the highest possible standards – enabling children and young people to understand money and make informed choices to support their long-term economic well-being
- Our extensive network means we are supported by more than 5,000 volunteers and 3,500 businesses in schools, colleges and universities
- We also support teachers in 18,000 schools to plan and deliver financial education programmes
- For over 50 years Young Enterprise has worked with over four million young people across the UK to empower them to develop the knowledge, skills and attitudes they need for the world of work through enterprise
- We are part of the global network JA-YE that operates in over 120 countries
- For more information email email@example.com
- For more information on Young Enterprise please see www.young-enterprise.org.uk