Founders4Schools and Scaleup Institute local enterprise partnership network sldes 27 mar 17
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Transcript of Founders4Schools and Scaleup Institute local enterprise partnership network sldes 27 mar 17
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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
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SCALE-UP BRIEFINGThe LEP Network Annual Conference 27 March 2017
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THERE IS A MAJOR SKILLS GAP
AMONGST UK'S YOUNG PEOPLE
The Problem
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“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
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82%
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
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“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
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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
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GOOD CAREER GUIDANCE IS
CRITICAL IF YOUNG PEOPLE ARE TO
RAISE THEIR ASPIRATIONS AND
CAPITALISE ON THE OPPORTUNITIES
AVAILABLE TO THEM. The Research
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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
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UNLEASHING THE POWER OF THE
BUSINESS COMMUNITY INTO THE CLASSROOM
Student Employer Encounters
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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.
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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.
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UP-SKILL WITH SCALE UPS TO
SOLVE THE SKILLS GAP
Work Experience Placements
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“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
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“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
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SCALE-UP BUSINESSES ARE THE 'DRIVING FORCE' OF YOUR
LOCAL ECONOMY
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82%
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
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82%
“I would be able to grow my company faster if
applicants had the skills needed to meet my customer demand”
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225,000,000,000
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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ONS, 2015
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225,000,000,000
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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225,000,000,000
#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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#scaleup
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
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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
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Turnover Growth (GBP) vs Growth Rate (%)
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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
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Workfinder
Get experience at Britain’s best companies in a few taps.
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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
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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
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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
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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….
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LEP DIGITAL TRAINING SEMINARS25 APRIL 12:30
23 MAY 12:3027 JUNE 12:30
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CEXAMPLES OF SCALEUP PROGRAMMES
#scaleup @scaleup scaleupinstitute.org.uk 44
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https://www.founders4schools.org.uk/cec
THANK YOU