Our Westminster Hall Debate on Self-Employment arose from a discussion on how few of our contemporaries had gone into business following graduation, and in speaking to schools in our constituencies that little has changed. The economy, local and national, depends on a new generation of entrepreneurs looking to set up their own business, therefore we seriously need to address the reasons as to why they are not.
The debate was attended by around 30 Conservative MPs, all of whom had been in business before their election, showing that this is a real concern for many colleagues and needs further attention from the Government. On looking into this issue we found two main areas of discussion; how do we change the attitudes that prevent people from considering setting up a business and how do we create the right of environment to allow such business to prosper?
The current school curriculum for business studies, studied by around 60,000 pupils at GCSE, provides abstract understandings rather than practical experience of the realities of business. It is only through schemes such as Young Enterprise that students can achieve real experience. Not only are the current education courses irrelevant to the challenges and rewards of business, it’s also disengaging.