We are fully committed in supporting and encouraging youth entrepreneurship throughout the Swansea Bay City Region. The aim is to work in collaboration with partner organisations such as Careers Wales, all secondary schools in the county and further education institutions, to encourage and help young people nurture their entrepreneurial skills, provide them with a taste of enterprise and to support them create their own businesses, thus retaining the pool of talent within the region, creating local jobs and having a positive impact on the local economy.
Our positive intervention over the past few years has resulted in the creation of many jobs and businesses. Advice and guidance is also available to entrepreneurs whilst they are trading so that they can develop their business to their maximum potential. Enterprise competitions such as Young Business Dragons and Dragons Den have been successfully held over previous years with hundreds of young people taking part and benefitted from the initiatives.
The Beacon Bursary is available in collaboration with University of Wales Trinity St David and Coleg Sir Gâr for which potential young entrepreneurs can apply. Free office space is available within The Beacon, Centre for Enterprise and a support and mentoring package is also available as part of the Bursary. Several new businesses, including State of Flow, Rapid IT, Money Market Solutions have been supported through the Beacon Bursary since its inception in 2013.
We also successfully engage with private sector businesses and organisations in order to provide career and enterprise opportunities and to develop highly skilled workforce among young people within the County. This is being achieved through entrepreneurial and innovative activities such as World of Work days. This intervention also supports local businesses to address to local skills gap issues and to ensure steps are in place for young people leave education with the right skills for business and industry.
The county has a wonderful heritage of young businesses being created, and working in partnership with other organisations, has and will continue to be dedicated to deliver innovative ways to ensure that business and enterprise continues to thrive among young people.