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-1.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.
Updated July 2017
1) Helping young people to develop business skills
So far, Business Launchpad has helped over 7,000 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’ve engaged with 739 young people and supported them gain leadership and enterprise skills via Business Basic Workshops, Social Enterprise Workshops, Ideas generation workshops
- We have provided 2,202 hours of 1:1 business counselling
- Trident Business Centre donated £270,524 to Business Launchpad in order to advance its social purpose
More information can be found in Our Year in Numbers 2016-2017.
2) Providing training to support young people into work
Business Launchpad has provided training through Business basics Workshops and 1:1 business counselling to disadvantaged young people aged 16-30, and helped them to develop enterprise and leadership skills in order to enable them to start their own business or move to employment/education or training creating a better equipped and connected young community.
According to our research we were able to support more people who were unemployed for less than 6 months; this indicates that we are more approachable to young people in the community.
87% of young people who attended our workshops said they felt better equipped to develop their ideas and run a business as a result of our workshops.
85% of young people report feeling more empowered, 80% feel more confident to start a business, 80% feel more motivated and 73% feel more business aware.
3) Building a better equipped and connected young community
Business Launchpad aims to build a better equipped and connected young community through supporting young people gain enterprise and leadership skills. We offer complete and personalised business guidance and support to disadvantaged young entrepreneurs from across London aged 16 to 30, through workshops and 1:1 business counselling.
We work in partnership with young people to enable them to start their own business or move into employment or/and education and training. We aim to develop approaches that empower, support and encourage young people to become self-confident, have aspirations and fulfil their potential.
Business Launchpad has seen a considerable increase in demand of the young people coming through our doors since last year. We are supporting more young individuals seeking support to start their business. We engaged with 739 young people through workshops, outreach and 1:1 business counselling in the last financial year (2016-2017) and provided support to start their own business, enhance their business skills and develop leadership skills.
We used the profits generated from Trident Business Centre to run more workshops and support more young people. We have now increased the number of workshops and locations due to an increase in demand. We have also introduced a Social Enterprise program designed for young people wanting to start a business with a social mission. We have trained 8 social entrepreneurs through our Crowdfunding programme which was led by a young entrepreneur. They have collectively raised more than £15,000 to fulfil their social mission.
We recruited an advisory youth leadership panel of 8 young people and they inform our work, help with content creation and support our outreach and delivery. At the same they are trained and are given access to a range of opportunities.
Trident Business Centre’s effort to support the local community enables Business Launchpad to reach its full potential. It has opened its doors to the young entrepreneurs in the community by offering hot-desking facilities. Business Launchpad introduced a new digital hub to support young people learn digital skills called DIGILAB. It’s a hub for digital newbies, coders, makers, hardware enthusiasts and game developers to learn more about 3D printing, Coding, Gaming, Growth Hacking, and App development. In addition to flexible learning they’re also aiming to run skills workshops and hackathons. Business Launchpad has also launched a young-led marketing agency Y-Connect, committed to helping businesses to reach, connect and engage with young people through digital marketing.
In the coming year we are committed to keep empowering, supporting and putting young people at the centre of what we do.