John Cracknell Youth Enterprise Bank

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The John Cracknell Youth Enterprise Bank supports young people aged 13 to 21 years old as they start their enterprising journeys. It has supported over 350 young people providing grants, with each applicant also having the support of a business mentor, access to free use of meeting rooms or office space. In turn the young person commits to supporting youth enterprise in the City. JCYEB is supported by local business eg KCOM and RB as well as micro businesses who have donated to it. This has resulted in a survival rate of 74% at the end of their 3rd year of trading.

Why we’re supporting #MicroBizMatters Day

Young people who set up in a business are just like any other person that does apart from one key fact there is a tendency for organisations and large businesses not to take them seriously yet they like all micro businesses are playing a vital role in ensuring that our economy turns the corner.

Its time that policy makers and banks realised that without young entrepreneurs running their micro businesses we do not have a succession plan for the UK economy and without micro businesses we would not be in a position of creating innovation and excitement in our economy. Britain’s micro businesses in general and younger entrepreneurs in particular are almost twice as optimistic about the future growth of their business compared to older peers.

So in a nutshell its not always about high growth and expansion for young people its about enjoying what they are doing and many are wanting to put back into their community not because it’s the trendy thing to do but because it’s the right thing to do and for that reason I am pleased that so many young people are making a contribution to #MicroBizMatters Day. Hull is a city that is trying to change its perception of Micro Businesses and is starting to value their contribution to the local economy and that’s why the city is backing #MicroBizMatters Day.

Visit www.youthenterprise.co.uk

Make a donation

Whether you are a micro, medium or macro business that believes the smallest of businesses really matter, then please donate to The #MicroBizMatters Movement and help ensure recognition, action & learning for micro businesses all year round.

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