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SCALE-UP BRIEFINGThe LEP Network Annual Conference 27 March 2017
What does it take to Make your LEP a GREAT place
to scale a successful global business?
Sherry Coutu CBE#scaleup
http://www.scaleupreport.comhttp://www.scaleupinstitute.org.uk
SCALE-UP BRIEFINGThe LEP Network Annual Conference 27 March 2017
THERE IS A MAJOR SKILLS GAP
AMONGST UK'S YOUNG PEOPLE
The Problem
“Over the next decade, more than one billion young people will enter the global labour market and only 40% will be in jobs that currently exist.
-The Economist January 2016
82%
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
OUR GOALS➤ improve young people’s ability to make
informed career decisions and improve their optimism about the future;
➤ help young people to increase their attainment and be more likely to enrol in post-secondary education;
➤ increase the employability of young people; and
➤ increase young people’s earnings after they complete their schooling
➤ By getting teachers to 4 student-employer encounters per annum
➤ By getting students 140 hours of work experience
GOOD CAREER GUIDANCE IS
CRITICAL IF YOUNG PEOPLE ARE TO
RAISE THEIR ASPIRATIONS AND
CAPITALISE ON THE OPPORTUNITIES
AVAILABLE TO THEM. The Research
THE GATSBY BENCHMARKS
➤ A stable careers programme➤ Learning from career and labour market information➤ Addressing the needs of each pupil➤ Linking curriculum learning to careers➤ Encounters with employers and employees➤ Experiences of workplaces➤ Encounters with further and higher education➤ Personal guidance
UNLEASHING THE POWER OF THE
BUSINESS COMMUNITY INTO THE CLASSROOM
Student Employer Encounters
DELIVERING MEANINGFUL ENCOUNTERS
Our infrastructure enables teachers to access local business leaders and schedule the following encounters:➤ Role model events➤ Group or speed mentoring➤ Mock interviews➤ Career Fairs➤ Keynote career speeches➤ Workplace visits➤ Plus much moreTo date, Founders4Schools has facilitated over 150,000 student-employer encounters for 55,000 students with the help of more than 1,000 business leaders who talked to students about jobs they might hold or create in the future.
TIMING OF THE INTERVENTION IS KEY➤ The timing of the intervention that will
provide inspiration along with the soft and hard skills that will help a young person become employable is critical from a financial perspective.
➤ As the figure here highlights, the cost of training a young person increases exponentially with age: at age 14, the cost is less than £ 1, at age 18 it is less than £1000 but at age 25, it jumps to £10,000.
UP-SKILL WITH SCALE UPS TO
SOLVE THE SKILLS GAP
Work Experience Placements
“Competitive advantage doesn’t go to the nations that focus on creating companies,
it goes to nations that focus on scaling companies.”
#scaleup
Sherry Coutu CBE
“Competitive advantage doesn’t go to the LEPS that focus on creating companies, it
goes to nations that focus on scaling companies.”
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
SCALE-UP BUSINESSES ARE THE 'DRIVING FORCE' OF YOUR
LOCAL ECONOMY
82%
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
82%
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
225,000,000,000
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
ONS, 2015
225,000,000,000
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
225,000,000,000
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
Job Creation is linked to companies that are high growth (2015)
In the UK, HGSBs created the equivalent of approx.
4,500
new jobs every week
3 X as many new jobs as the FTSE 100
Source: Octopus investments – hgsb study released Oct 20 2015
Turnover Growth (GBP) vs Growth Rate (%)
Workfinder.com
“The speakers told us stories about students of our age who had created businesses and so I thought if they can do it, I can do it too.
I applied to F4S for work experience and worked with them on an appathon contest….
Maitri Panchal
Workfinder
Get experience at Britain’s best companies in a few taps.
USING WORKFINDER STUDENTS CAN:
➤ Discover: Browse and discover local fast growing companies - spark your imagination
➤ Filter: Refine searches by your favourite subjects - find companies that excite you
➤ Apply: Apply for roles using template cover letters - it’s quick and easy
➤ Contact: Apply for positions directly and take an active approach
➤ Experience: Gain valuable experience and get ahead of the crowd
Workfinder.com
We know how important closing the attainment gap is to our long-term economic prosperity, so it’s fantastic that apps like Workfinder give businesses a new and innovative way to connect with students all across the UK
Well done for coming up with such a pioneering idea”.
Paul Drechsler, CBI President
Workfinder.com
“Our members regularly tell us that they struggle to find young adults who are properly equipped for the workplace”
“today’s launch of Workfinder marks a huge step forward in tackling this issue. Not only does it provide young people with great opportunities, it does so in the digital space – the natural domain of those who will excel in the high-tech, high-skilled workplaces of the future.”
Mike CherryFederation of Small Businesses
Workfinder.comWorkfinder.com
Key takeaway Workfinder is closing the skills gap and empowering students, whatever their background
Creating a pipeline of post-brexit talent for our scaleups….
LEP DIGITAL TRAINING SEMINARS25 APRIL 12:30
23 MAY 12:3027 JUNE 12:30
CEXAMPLES OF SCALEUP PROGRAMMES
#scaleup @scaleup scaleupinstitute.org.uk 44
https://www.founders4schools.org.uk/cec
THANK YOU
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