Fay Easton

Self Employed

• • • •

Projects Director with Shropshire Enterprise Partnership. Launched 3 Enterprise Hubs in Shropshire Start Up Britain Champion Co Founder Young Britain

UK Youth Unemployment 2013 4/10 may not work for a decade

THE JOBLESS GENERATION

 

1 million young

people unemployed

16-24

‘ Generational Disaster’ Davos: 2012   UK is in the midst of a

youth crisis Low demand for young people’s labour

Deloitte 2012



Unemployment rate for 16-24 year-olds is 20.5% - more than 1 in 5



Nearly 40%

of all unemployed people in the UK are young people

 UK - F

astest rise in youth unemployment

of any G8 country since the start of the recession 

Only Greece and Spain

have higher rates of youth unemployment than the UK in the entire OECD.



1 in 4

of the UK unemployed youth have been out for work for

more than a year

 Youth unemployment is expected to reach

1.2million within 5 years

 Long spells of unemployment in youth have the effect of

lowering wages & reducing health levels for life



The Industrial Age is over

and the UK is losing jobs faster than making them   British educational systems and social culture are far

less conducive to entrepreneurship

than those of the US and Europe ‘innovation led’ economies

Start Up Generational Gap

Under 24’s 1/10 start a business even though rate of intent is 7/10

SELF EMPLOYMENT & EDUCATION

"The education system should not only make students employable but be able to employ themselves and this is not happening".

The Principal Oakfields Community College Middlesborough

43 young people chasing every job MAKE YOUR OWN JOB

YOUTH ENTREPRENEURSHIP

The Opportunities for GENERATION E An entrepreneurial generation

In the UK, incremental increases in self employment are ‘history’ Self-employment is at

highest level since records began

in 1992 over 1000 people a day are starting their own businesses

“

The World of Work is now broken and self employment and starting your own enterprise is the lower risk option – this has never been known at any time in history”

LUKE JOHNSON Serial Entrepreneur Chair of Risk Capital Partners Chair Start Up Britain

The DIGITAL AGE will change the world of work irrevocably

“Work will become more of a tradable commodity rather

than JOB. There will be more independent contractors and freelancers. In the US the percentage of work handled by independent contractors has grown from 6% to 27% in 2 decades since ‘digitalisation’ took hold”

FREE AGENTS predicted to become more than half the workforce in the next decade

MAKE YOUR OWN JOB

Young people need ‘Help & Money’ We have both 157 new young businesses started since October 2012

TARGET 25

START UP ZONES

Hubs+

PEOPLE POWER + finance =

3x PRODUCTIVITY & 98% survival rates

http://youtu.be/1N-cjx1zTtE