Young People in Business

Part of 1. Questions to the Minister for Economy – in the Senedd at 1:38 pm on 8 March 2023.

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Photo of Vaughan Gething Vaughan Gething Labour 1:38, 8 March 2023

I'd be very happy if the Member were to write to me with the detail of the scheme that he has identified. As I said in my initial answer, we have a range of support services that are available. Business Wales is still the front door, so if anyone is concerned or doesn't understand the individual scheme, they can go to Business Wales and they can help to guide people through, and, also, those people taking part directly in the young person's guarantee funded work.

We've got a range of Big Ideas role models—over 400 of them—who do go out and encourage people who want to start up their own business. And what's encouraging about the young person's guarantee in this area is that, as part of the national conversation, 28 per cent of young people indicated they would like to consider becoming self-employed or running their own business, and, indeed, 25 per cent of them wanted more information on becoming self-employed. So, part of our challenge is, with the enthusiasm that does exist, how to make sure we have the right support available to help those who can go from an idea and a desire to actually be able to have a business plan and then to start up. And that's also why, of course, we have a range of our start-up grants that are already available to support people with exactly that ambition. But I look forward to receiving the Member's correspondence.