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Will the General Election help young entrepreneurs?


In a recent report, the New Policy Institute research group*1 said 29% of 19-25 year-olds are in poverty – a six-point increase on a decade ago and the biggest rise seen in any age group


It found that the main reason was a fall in the employment rate among young people but housing costs were also a factor.


Against this backdrop, the UK media are reaching fever pitch over the forthcoming General Election, with Labour's Ed Miliband claiming young voters have been betrayed by the Coalition


Government and promising to cut university tuition fees.


Meanwhile, David Cameron has said that schools must do more to help to create the future “Richard Bransons and Karren Bradys”. In an interview with the Institute of Directors’ magazine*2 he said that he is personally asking some of Britain’s most senior business


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Dan Teuton at dan@elcot.co.uk www.businessmag.co.uk THE BUSINESS MAGAZINE – THAMES VALLEY – APRIL 2015 Last year’s HWYE winners with some of the judges and speakers on finals day


figures to go to their local schools and pass on “their hard-won knowledge”.


He also warned that, while a record number of start-ups have been set up and Britain is “back in business”, the European Union is hampered by “job-killing regulations”.


So there is much to be fought for in the election but, in the meantime, as John Cridland, CBI director-general said at a recent debate*3: “The UK’s ability to remain competitive in a global economy rests on the skills of its workforce.”


With this in mind, it will be interesting to see how much help young entrepreneurs who are already succeeding in business get from whoever is elected, especially those who are struggling to grow.


To support young entrepreneurs, Haines Watts launched the Young Entrepreneur of the Year competition (HWYE), which is now in its sixth year. As well as cash prizes, winners also receive a year’s free business mentoring from a partner at Haines Watts and PR for their businesses. Visitors to the HWYE website will find online support on offer too, such as helpful tips and a blog.


If you, or someone you know,


*Sources: 1 New Policy Institute http://npi.org.uk/ 2 IoD Director http://www.director.co.uk/david-cameron-exclusive/ 3 CBI: http://news.cbi.org.uk/news/our-global-competitiveness-relies-on-skills/


is interested, the competition is open to applicants running a business in the Thames Valley, defined as Berkshire, Hampshire, Surrey, Buckinghamshire, Hertfordshire and Oxfordshire. Applicants must be under 36 years old on July 31, 2015 and there is no lower age limit but candidates should have been running their business for over a year.


To enter the competition, which is free, go online at www.hwye.co.uk and submit a good business case as to why you should win. Semi- finalists will be chosen prior to the finals in Reading on Thursday November 12, where an overall winner will be awarded the ‘Young Entrepreneur of the Year’ title.


Young entrepreneurs can link up on the HWYE Facebook and Twitter sites.


For further information visit: Details: www.hwye.co.uk


For further information about Haines Watts:


Details: www.hwca.com


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