TY - BOOK
T1 - What do we know about youth entrepreneurship in the UK? A review of evidence
AU - Smith, Kelly
PY - 2020/9
Y1 - 2020/9
N2 - Promotion and support of youth entrepreneurship is an important aspect of wider entrepreneurship policy and economic growth. It is particularly called for in times of economic crisis as a mechanism for offsetting the negative effects of youth unemployment. Engagement with youth entrepreneurship develops skills, confidence, and attributes such as self-reliance. Benefits to society potentially include job creation and increased innovation. Young people are enthusiastic about entrepreneurship as a career option but are far less likely to take action. Barriers to start-up include lack of awareness, role models, and skills; difficulty accessing finance; and lack of support infrastructure. Policy interventions include enterprise education; access to finance; and mentoring and business support schemes. Research specifically exploring the experience of young entrepreneurs is limited and there is a risk that policy recommendations and implementations may not match the specific needs of young people as a result. Research is particularly needed to explore gender and ethnicity differences, and the reasons behind business success and closure.
AB - Promotion and support of youth entrepreneurship is an important aspect of wider entrepreneurship policy and economic growth. It is particularly called for in times of economic crisis as a mechanism for offsetting the negative effects of youth unemployment. Engagement with youth entrepreneurship develops skills, confidence, and attributes such as self-reliance. Benefits to society potentially include job creation and increased innovation. Young people are enthusiastic about entrepreneurship as a career option but are far less likely to take action. Barriers to start-up include lack of awareness, role models, and skills; difficulty accessing finance; and lack of support infrastructure. Policy interventions include enterprise education; access to finance; and mentoring and business support schemes. Research specifically exploring the experience of young entrepreneurs is limited and there is a risk that policy recommendations and implementations may not match the specific needs of young people as a result. Research is particularly needed to explore gender and ethnicity differences, and the reasons behind business success and closure.
KW - Youth entrepreneurship
KW - youth unemployment
UR - https://www.enterpriseresearch.ac.uk/publications/what-do-we-know-about-youth-entrepreneurship-in-the-uk-a-review-of-evidence-sota-review-no-44/no44-what-do-we-know-about-youth-entrepreneurship-in-the-uk-k-smith/
M3 - Commissioned report
T3 - SOTA Review
BT - What do we know about youth entrepreneurship in the UK? A review of evidence
PB - Enterprise Research Centre
ER -