City Hall small business funding should have specific allocation for young entrepreneurs

Posted by GLA Conservatives in Blog   Share2013

Jun
19

GLA Conservatives Assembly Member Steve O’Connell will urge the Mayor to make a specific allocation for young entrepreneurs from the London Enterprise Panel’s recently announced £25 million scheme to raise loan finance for small businesses. Recent data has found that 3 in 10 young people hope to work for themselves while only 5.3% actually are self-employed.*

Steve O’Connell said: “With nearly one in four young Londoners unemployed giving young entrepreneurs the support to be self-employed should be a high priority. The Mayor’s apprenticeship program has helped thousands of young Londoners get a valuable first step on the employment ladder and it would be great to see the Mayor put the same focus on self-employment. The Mayors first step should be making sure any future small business funding coming from City Hall has a specific allocation for young entrepreneurs. ”