Founders4Schools and Scaleup Institute local enterprise partnership network sldes 27 mar 17

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

http://www.scaleupreport.com/

http://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”



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%



82%



225,000,000,000

#scaleup


#scaleup


#scaleup


ONS, 2015

225,000,000,000

#scaleup


225,000,000,000

#scaleup


#scaleup


#scaleup


#scaleup


#scaleup


#scaleup


#scaleup


#scaleup


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