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Claire Young Launches 'Teenbiz' for Young Entrepreneurs

26th October 2011

Claire Young, corporate speaker and motivational speaker, is promoting enterprise with the launch of the new youth initiative Teenbiz, which provides funding to entrepreneurs aged 13 to 18 years old.

The straight-talking, no-nonsense finalist from BBC1’s The Apprentice is tackling the pertinent issue of youth unemployment – now at an all-time high with over 1 million 16-24 year olds are unemployed, costing the UK economy £10 million a day in lost productivity.

Claire hopes that TeenBiz will contribute to reducing this figure. “We need to drive aspiration, pride and a go-getting attitude amongst our young people,” she said. “The government is promising the most entrepreneurial decade to date, yet there is little action to reflect this.” 

Claire has first-hand knowledge of Generation Y. Since leaving The Apprentice she has been working tirelessly across schools and various government organisations, engaging and encouraging students to raise their aspirations and think big!

She founded Girls Out Loud, to help promote entrepreneurship in young females aged 13-18 and School Speakers which provides motivational speakers for schools.

TeenBiz will give 13-18 year olds a comprehensive package of start-up business funding and support. Each month one successful student will be awarded £500, the services of Claire Young as a business mentor and a ‘start-up’ pack donated by Teenbiz sponsors; comprising a website, company stationery and an official Companies House formation.

“You can become a Company Director at 16 years old, but a person under 18 has no way to access start-up funding,” said Claire. “We need to lead from the front and create enterprise schemes that are sustainable.  Plenty of people are talking about enterprise and doing nothing, I’d rather put my money where my mouth is and make something happen.”

Richard Alvin, group Managing Director of Capital Business Media Foundation said: "Claire Young has an infectious level of enthusiasm backed up with a level business head, so when she approached me about the Teenbiz scheme as it aligns so closely with both my own personal aims for supporting people starting out in business and the prime motivating factor why I added the foundation element to our company this year it was something that we were both pleased and proud to support."

Alvin added "Our foundation model of 1 per cent of staff time, 1 per cent of profits and 1 per cent of our equity being owned by our foundation allowing it to award grants is a very easy one and if more companies did the same and worked with people like Claire then together we might be able to make a real difference with helping people start their own business and be in control of their own destiny.”

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