RIO has today been announced as one of just 10 winners to receive an RBS Inspiring Youth Enterprise Grant.
Close to 200 organisations submitted applications for funding to run programmes for young people in enterprise. From those applications, twenty-two organisations from across the UK were shortlisted, before ten were chosen as the eventual winners.
The grant applications were submitted online and winners were chosen by a judging panel, including a public vote that saw over 5,000 people cast votes. The winners include a variety of programmes such as access to training, mentoring and support, skills and knowledge development, and building the skills necessary to start up and survive in business.
RIO’s successful bid – Star Shop Enterprise – will use the RBS grant of £35,406 to support young people who don’t traditionally see themselves as entrepreneurs to develop products and gain practical experience of running a small business from an established shop in Liskeard.
By providing 10 new entrepreneurs with the skills they need to run and grow their businesses through the shop, and supporting them to become role models of youth enterprise, RIO’s Star Shop Enterprise project will create a new type of shop hosting a range of businesses run by young people with, and for, their community. RIO’s project will start on 18 November 2013.
An additional 40 young people participating in the project will also gain a Social Enterprise Qualification, developed by RIO to accredit people working for positive, social change. To achieve the qualification through the Star Shop Enterprise project, learners must develop real, new products or services within the shop, as well as demonstrating they have a good understanding of social enterprise and ethical trading. The qualification will be offered at Bronze, Silver and Gold levels, linked to the Qualifications Credit Framework in the UK.
“We’re really excited to have won the RBS Inspiring Enterprise funding. This grant will enable us to create a hub of exciting young businesses, support them to bring products to market through our shop space in Liskeard and we’ll be helping young people to gain a nationally recognised qualification.”
– Kate Reed, Development Manager, Real Ideas Organisation.
Thom Kenrick, Head of Sustainability Programmes, RBS Group said:
“We are delighted to support 10 more organisations with this round of Inspiring Youth Enterprise funding. Once again we were hugely impressed by the depth and breadth of the enterprise support that’s available for the UK’s young people. RBS is committed to unlocking, supporting and nurturing entrepreneurial talent and we believe these organisations will help us achieve that goal.
RBS Inspiring Youth Enterprise has been designed to encourage more young people to explore enterprise, build their skills, start up and succeed in business. RBS is making £500,000 of grants available every year for the next three years, and by the end of 2015 aims to help 100,000 young people to explore enterprise, develop their skills and start up in business, whatever their background.
Wednesday, 06 November 2013
Real Ideas Organisation