- More Info
- Related Listing
- Social Impact Declaration
- Social Impact Statements
The high rate of unemployment, following the recession in the early 1980s, was the key driver for Business LaunchPad’s establishment. Twenty four years later, our services are as much in demand as ever and our mission remains the same:
To offer practical, complete and personalised business guidance and support to young entrepreneurs, aged 16-30, who want to set up and run their own enterprise.
Since our launch, Business LaunchPad formerly known as (Wandsworth Youth Enterprise Centre) WYEC have supported thousands of young people to set-up and run hundreds businesses. Our unique, holistic support model has also led to impressive survival rates for our young people’s businesses, with 85% still trading after two years, unprecedented success levels which far outstrip the national average.
Originally founded as the Wandsworth Youth Enterprise Centre (WYEC), our work gradually grew and expanded beyond Wandsworth and the surrounding Boroughs. We found ourselves working with young people and organisations throughout London and, in June 2012, re-launched with a new name of Business LaunchPad, to better reflect the scope of our work.
Social Impact Declaration: Social-Impact-Declaration_Business-Launchpad.pdf
Social Impact Statements:
Social Impact Statements
The Social Enterprise Mark criteria includes a requirement that the applicant can demonstrate that social and/or environmental objectives are being achieved.
In support of this, new applicants and renewing Mark holders must submit Social Impact Statements that summarise their headline activities and achievements, helping show how they are striving to make a difference and stand up to scrutiny of purpose as a social enterprise.
1) Helping Young People in Business
We have run Business Awareness Seminars, business workshops and provided 1:1 business counselling to disadvantaged young people aged 16-30 in London. We have taken part in various community and outreach events and have helped young people that came through our services develop enterprise and leadership skills. This enables them to start their own business or move to employment/education or training ultimately creating a better equipped and connected young community.
2) Developing the Enterprise and Leadership Skills of over 6,000 Young People
So far, Business Launchpad has helped over 6,000 young people in London to develop enterprise and leadership skills needed to set up their own businesses, become business aware and get into employment
and/or further education and training.
- We helped 227 young people gain leadership and enterprise skills
- We held 24 Business Awareness Seminars
- We provided 840 hours of one to one business counselling
- We attended 28 community outreach events
3) Increasing Confidence, Skills and Involvement in Local Communities
As a result of the business support we provide there has been an increase in the number of young people becoming business aware, enhancing their business skills and developing leadership skills.
In 2015-2016, 72% of our clients felt better equipped to develop their idea and run a business as a result of our Business Awareness Seminars.
Through accessing our support an increasing number of Young People went into employment and/or self-employment and became more involved in their local communities.
The young people that came through our programme developed/enhanced their leadership skills. As a result of Business Launchpad's support in 2015-2016:
- 78% of the young people that came through our programme felt more confident to start their own business
- 69% developed their planning skills
- 74% felt more motivated
- 74% felt more self-confident
Our work creates a better equipped and connected young community. Qualitative feedback (case studies) demonstrate various outcomes as a result of our support (please see annual report).