If the reaction to the lasted GDP figure (it shrank by 0.3%) is anything to go by, the answer to all our economic woes is growth. Of course, the devil is in the detail – kindly provided by the Office of National Statistics’ January release.
But, just where will this, much looked for growth, come from?file://localhost/Users/nigellockett/Desktop/Picture%20clipping.pictClipping
Lord Heseltine will leave NO STONE UNTURNED and even has a “blueprint for the future”:
- Prime Minister-led National Growth Council;
- Very significant devolution of funding from central government to Local Enterprise Partnerships (LEPs)
- Clear statement by government of its priorities to guide LEPs;
- Clear policy for each sector of the economy conceived in conjunction with industry and academia.
- And many more …
The European Commission is very clear! In its most recent report (Rethinking Education Strategy) it proposes a Entrepreneurship Action Plan as a “blueprint [yes another one!] for decisive action to unleash Europe’s entrepreneurial potential, to remove existing obstacles and to revolutionise the culture of entrepreneurship in Europe”. Put simply “Entrepreneurial education and training = growth and business creation”.
It states the need to create an environment where entrepreneurs can flourish and grow – there needs to be action on:
Access to finance is a significant constraint;
- Supporting new businesses in crucial lifecycle phases;
- Unleashing new business opportunities in the digital age;
- Making transfers of business ownership easier;
- Turning failure into success: second chances for ‘honest’ bankrupt entrepreneurs;
- Regulatory burden reduction;
- Business development support for unemployed.
It leads on the need to support entrepreneurship education and states that the Commission will:
- Develop a pan-European entrepreneurial learning initiative for impact analysis, knowledge sharing, development of methodologies and peer mentoring between practitioners from Member States;
- Reinforce co-operation with Member States to assess the introduction of entrepreneurship education in each country and to support public administrations wishing to learn from successful peers;
- Establish, jointly with the OECD, a guidance framework to encourage the development of entrepreneurial schools and VET institutions;
- Endorse successful mechanisms of university-driven business creation and emerging university-business ecosystems around key societal challenges.
- All fine words but what about action …