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Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through work experience related learning

Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

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Page 1: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Helen Gresty, Executive Director Innovation Programmes

Creating Enterprising Colleges - 01 July 2008

Developing enterprise (& innovation skills!) through work experience related learning

Page 2: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

NESTA

Vision – of a creative and enterprising UK competing globally and responding to social challenges

Mission – to transform the UK’s capacity for innovation

Approach – think / do tank

An expert resource on innovation

Endowed finance - independent, risk capital for experimentation

A long term view

Mainstreaming what works

Page 3: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Education – preparing the next generation of innovators and entrepreneurs

Context:

rapid social, economic and technological changes

transformation of work and careers

start of a shift in education creates opportunities to build enterprise skills for innovative economy

Young people exposed to and ready for future world of work

Page 4: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Refreshing Work-Related Learning:NESTA’s Future World of Work Portfolio

Page 5: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Future World of Work: Researching the Issues

3 Studies - creative economy, rural economy and third sector:

Work-related learning too often seen as just work experience

Use ICT imaginatively to support work-related learning

Don’t overlook small businesses and social enterprises

Effective brokerage is extremely valuable

Sell it!!

Page 6: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Key Findings – Creative Economy

Creative industries bring new ideas, technologies and ways of working essential to the future economy and world of work

WRL can boost the supply of talent and skills

For creative businesses, work-related learning can help spur innovation, creativity, competitiveness and growth

Creative and Media Diploma and Creative Apprenticeships driving demand

But capacity challenges for creative enterprises

Example… The Sorrell Foundation’s matching scheme

Page 7: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Key Findings – Rural Economy

Rural economy is growing, but there is a ‘brain drain’

Exemplifies many features of the future world of work

Challenges arising from small and disparate nature of businesses in the sector

Sell as a means of retaining local talent, reducing youth unemployment and revitalising the local economy

Great potential for ICT to support work-related learning in isolated rural communities.

Example… virtual work experience in the Highlands and Islands

Page 8: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Key Findings – Third Sector

Sector is fast-growing part of UK economy – annual turnover of around £75 billion

WRL helps young people appreciate competing pressures of making money, pursuing a mission and creating an impact

Support needed to encourage greater participation – sell benefits of getting young people involved in fund raising

Need for clearer picture of opportunities and career pathways in sector

Example… Trust Youth’s mini charities in schools

Page 9: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

NESTA Pilots

Test out new ways of delivering work-related learning that reflects the dynamics of the new economy

Demonstrate the skills for enterprise and innovation which young people acquire

Examine the benefits for all the participants – students, education, business and wider society

Share learning, influence policy and practice and develop practical tools

Announcement in August – live from Sept 08

Page 10: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

Conclusions

The UK needs innovative young people to strengthen the economy, invigorate communities and regions, and develop successful private, public and third sector organisations

Work-related learning is crucial in delivering this.

Recent education developments provide new opportunities

But opportunities will only be grasped if there is a step change in how work-related learning is delivered.

Page 11: Helen Gresty, Executive Director Innovation Programmes Creating Enterprising Colleges - 01 July 2008 Developing enterprise (& innovation skills!) through

www.nesta.org.uk

[email protected]