Tag: Young Enterprise Scotland

UK Savings Week: Next generation banking on financial education for economic resilience 

Cost of living crisis brings need for financial literacy in young people into stark reality, says charity

Young Enterprise Scotland is highlighting the importance of financial education for young people during UK Savings Week.

Running from the 18th – 24th September, UK Savings Week is a campaign designed to heighten awareness of the benefits of saving, and creating positive attitudes towards financial resilience.

The call for awareness comes on the back of findings which show just 50% of 12-17 year olds in Scotland recall learning about money management in school (MaPs, 2020). A figure which is concerning in light of the current cost of living crisis.

The charity has created and developed Scotland’s Financial Schools programme to support the implementation of financial education in the curriculum, with the aim that every young person in Scotland is equipped with essential financial skills that will support them into adulthood.

The programme provides practitioners with support and a wide range of resources to develop their own understanding and support their students, including workshops, online modules, and their free ‘’Your Money Matters’ textbook, created through funding and support from Money Saving Expert, Martin Lewis. Featuring tips on budgeting, borrowing, and recognising scams and fraud, the textbook can be accessed for free on their website.

Emma Soanes, Chief Executive of Young Enterprise Scotland, said: “It has never been more important for young people to have the skills and knowledge to set them up for success, and financial education is a key component.

“We are determined that every child in Scotland should have access to financial education from an early age, and we aim to support teachers and schools to deliver this across the country.”

Financial education for young people is central to the work of Young Enterprise Scotland, which works with volunteers from the business community to deliver a future-proof programme of blended learning that is accessible to all. They also work with budding entrepreneurs, nurturing business ideas and supporting young people to bring their ideas to life, whilst developing skills and achieving their goals.

Find out more about Scotland’s Financial Schools here: 

https://financialschools.scot/index.php

Local business leader to chair Young Enterprise Edinburgh & Lothians team

Local businessman, Peter McLean, has been appointed to head up the Young Enterprise Scotland team in Edinburgh and the Lothians and drive forward the charity’s mission to give all local school children access to enterprise learning.

As Chair of the volunteer group, Pete will co-ordinate efforts to introduce more schools and more students to entrepreneurial skills development through the Young Enterprise Scotland (YES) Company Programme.

With his team of business advisers, as well as fundraising and organising events, the role includes working directly with senior school students who set up their own commercial ventures as part of the Company Programme.

Last year, more than 300 students across Scotland achieved an SCQF level six accredited qualification for the Company Programme, which is recognised by UCAS for university entry.

Many sixth formers take the experience of the Company Programme further by setting up their own businesses outside school, while for others, the skills for teamworking, communication and making ideas a reality provide them with a competitive advantage in the jobs market.

In 2019/20, the Edinburgh & Lothians Area Team helped to inspire nearly 300 students and supported 32 YES companies to go through the Company Programme.

Having taken part in the Company Programme himself while at school in Edinburgh, Pete has been involved with YES for over two decades.

A successful serial entrepreneur in his own right, he now acts as a business growth adviser with Napier University, where he helps students, staff and alumni grow and launch businesses.

Pete said: “I have been involved with Young Enterprise for over 20 years, from being part of a team at School, judging, running workshops, a local Board member and now Lothians Chair.

“I am passionate about enterprise for all at every age but especially in education and look forward to helping Young Enterprise achieve its goals. 

“I launched my own food and drinks business whilst at University and grew it to 36 staff over 13 years. There were many highlights over the years, but an equal number of failures and lessons learnt.

“It is these valuable lessons that has led to my current role as Business Growth Adviser at Edinburgh Napier University. I have a passion for the start-up community and hope that in my new role with YES I can steer others down this path and achieve their goals.”