New Posts in Hull - Hull Youth Support Trust

Hull City Council working with John Cracknell Youth Enterprise Bank and London Youth Support Trust are establishing a new Incubator Service for Young Entrepreneurs in Hull are currently recruiting for two new Posts.

Hull Youth Support Trust - Business Support Manager

Do you know someone who is passionate about youth entrepreneurship?  Working in partnership with the London Youth Support Trust (LYST) and utilising their enterprise centre model, we will be setting up a charity to open an Enterprise Centre which will be based in the City Centre.  From there we will inspire and engage young people through outreach activities, provide affordable business space as well as delivering advice, support and mentoring so developing the abilities of young entrepreneurs to run a business working in partnership with the Hull Youth Enterprise Bank.

The person we're looking for will have responsibility for shaping the culture and success of the centre, taking responsibility for all aspects of its running as well as working with key organisations to ensure that budding entrepreneurs receive all the support and guidance they need to make a success of their business.  Knowledge of the enterprise arena and experience of working with young people is desirable however over-riding all of this is the commitment to take the LYST enterprise centre model and build on it so that it becomes a beacon for enterprise here in Hull.  

To find out more about the role contact clair@lyst.biz

Deadline for applications: 20^th November 2015

Hull Youth Support Trust

The London Youth Support Trust (LYST) is working with Hull Youth Enterprise Bank and others to set up a local charity which will open an Enterprise Centre utilising their enterprise centre model.  The centre will be based in the City Centre and from there it will offer a range of enterprise related support including business space, advice and mentoring.  They are looking to appoint an Outreach and Engagement Officer.  The post is a 12 month internship funded by the Rank Foundation as part of their Time to Shine programme and is a great opportunity for a young person to gain skills and experience working within a Rank supported charity and access development and learning opportunities to support your career.

The role will begin in early 2016 for 12 months.

Salary- £14,300

Closing Date- Midday 6^th November

If you are interested in the role please email your CV and a covering letter to adelle@lyst.biz

Website: www.lystbusiness.com

Britain’s young entrepreneurs most confident about growth prospects

Despite optimistic attitudes, business owners aged 35 and under are five times less likely to have their loan application accepted

Britain’s younger entrepreneurs are almost twice as optimistic about the future growth of their business compared to older peers, according to Albion Ventures’ third Albion Growth Report.

The report, which surveyed more than 1,000 small and medium-sized enterprises, found that 14% of entrepreneurs aged 35 and under expect to witness growth over the next two years – significantly higher than the proportion of business owners aged 45 to 54 (8%).

These growth ambitions of young entrepreneurs were reflected in the report findings on attitudes to finance. 29% of under 35 year-old business owners have attempted to raise funds within the last year, compared to 14% of middle-aged respondents. Yet the 45-54 age group were five times more likely to have their loan application accepted – 15% against 3%

The report argued that a proven track record is a major advantage when it comes to securing finance. However, 42% of under 35 year-old business owners said they would look to raise equity finance, 7% higher than business owners of all other ages.

The report claimed that difficulty accessing funding has pushed young entrepreneurs to take greater risks, with one in four (23%) using a credit card to fund their business against just 5% of older respondents, and 15% of under 35s having mortgaged a property to grow their business versus 7% of 45-54 year olds.

In addition, younger entrepreneurs were much more likely to invest in research and development (14% against 5%), hire new staff (13 against 3%) and to facilitate an ownership change (13% against 6%) compared to their older counterparts.

Patrick Reeve, managing partner at Albion Ventures, said: “The younger generation is by far the most optimistic and ambitious about the future. This pro-growth sentiment is excellent news for the UK economy as the under-35s will become increasingly influential over the years to come.

“The greater willingness of younger business leaders to use equity rather than banks to secure the funds they need suggests we’re shifting towards a more entrepreneurial model as seen in the US.”

The findings follow Growing Business’ Young Guns 2015 Index which highlighted the UK’s most impressive young entrepreneurs aged 35 and under behind 30  fantastic fast-growth companies.