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This item was published during the term of a previous administration that ended in April 2007

Enterprise in Education

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Enterprise in education funding

16/11/2004

Additional funding of £44 million for the two years up to 2008 for the Executive's Determined to Succeed (DtS) strategy for enterprise in education was announced today.

Speaking at the Young Enterprise Scotland (YES) annual conference, Enterprise Minister Jim Wallace said:

"Through DtS, we are helping to change the attitudes of our young people, so that they have a better chance of realising their full potential. We want to make sure that they're better prepared - not just for the world of work but, more generally, for life.

"This additional funding from the Scottish Budget underlines our commitment to DtS and the long-term drive to build an enterprising culture in Scotland, starting in the classroom.

"This is a clear signal to the business and education communities that DtS is not simply another initiative. It's a long term effort to change attitudes amongst our young people and is here to stay."

Mr Wallace was speaking at the Young Enterprise Scotland (YES) annual conference which marks the second day in Scotland of Enterprise Week - a UK wide campaign to promote a culture of enterprise.

Mr Wallace added:

"YES is a key player in the enterprise arena and in the success of Determined to Succeed, which cannot be delivered by the Executive alone.

"YES is about partnerships - its success is built on a network of voluntary advisers working with schools to deliver meaningful opportunities. Partnerships with other organisations, such as the Princes Trust, are providing tailored learning experiences for young people with specific needs.

"Through YES, school pupils have experienced wide successes. Alongside DtS, YES is helping Scotland's young people develop skills for a journey of lifelong learning."

The Scottish Budget 2003-2006 allocated £40 million to support Enterprise in Education. This was supplemented by £2 million from the Hunter Foundation, match funded by the Executive. The increased funding was announced as part of the Scottish Budget on September 29, 2004.

This will make available additional funding of £22 million per year for 2006/07 and 2007/08, taking total spending over 2005/06 to 2007/08 to £66 million.

The Executive's Enterprise in Education strategy, Determined to Succeed, was launched in March 2003.

Page updated: Tuesday, November 16, 2004