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Celebrating Enterprise

Published on 9th September 2013

Leading Prince of Wales’s Charities have helped create more than 125,000 entrepreneurs in the UK and overseas and given business support to 395,000 people

The Prince of Wales’s Charities have released figures today revealing the many thousands of entrepreneurs they have helped and supported over recent years both in the UK and around the world.

The Prince of Wales will attend various events this week, including the opening of The Prince’s Trust's new retail space showcasing new businesses, to meet many of the entrepreneurs that have been helped by his charities and to celebrate their enterprise. The Prince and The Duchess of Cornwall will also mark 21years of Duchy Originals products. The company was principally founded to sell organic food products with profits going to charity.

The Prince’s Charities which work to create entrepreneurs and/or provide business support, mentoring and training include: The Prince’s Trust, Business in the Community (BITC), The Prince’s Trust Youth Business Scotland, The Prince’s Initiative for Mature Enterprise (PRIME), PRIME Cymru, Scottish Business in the Community and Youth Business International (YBI).

These new figures will show that:

  • The Prince’s Trust has helped 80,000 young people start-up in business in the UK since 1983
  • The Prince’s Youth Business International (Y.B.I.) has helped entrepreneurs establish more than 21,000 businesses in the last three years across 37 countries that are expected to create 75,000 jobs
  • Many of The Prince’s other charities including Business in the Community (B.I.T.C), The Prince’s Trust Youth Business Scotland and The Prince’s Initiative for Mature Enterprise (P.R.I.M.E) have helped establish almost 25,000 additional entrepreneurs
  • The Prince’s Charities have provided business support to 395,000 people. 

The Prince of Wales has been committed to helping young people into enterprise for decades. His Royal Highness established The Prince’s Trust in 1976, when he was himself in his twenties. It was however in the aftermath of the 1981 riots in Brixton and Toxteth that The Trust first began to help disadvantaged young people into self-employment. The Prince’s Trust set-up a ‘Youth Business Initiative’ now called its ‘Enterprise Programme’. 

Since then, The Prince has established a number of other charities focused on creating entrepreneurs and/or providing business support, mentoring and training. From the 9 11th September 2013, The Prince will attend a series of events to celebrate what these charities have achieved in the UK and overseas.

Earlier this year, His Royal Highness explained that he founded his Prince’s Trust back in 1976: ‘having felt strongly that many young people’s potential and talent can be wasted and unfulfilled, particularly if they are struggling with difficult circumstances that can so often be beyond their control’.

The Prince explained that his work and the work of his charities continues as it is ‘vitally important’ ‘to inspire and nurture the next generation and, above all, to give them the skills - both practical and social - which they so badly need to succeed in this increasingly challenging world’.

Sir Charles Dunstone, Chairman of TalkTalk and Carphone Warehouse and Chairman of The Prince’s Trust said:

“His Royal Highness has led the way and has consistently been responsible for creating more opportunities and giving more of a chance to young entrepreneurs than anyone else over the years. These figures present just a snapshot of the number of lives that have been changed as a result of HRH’s work and do not reflect the knock on effect as many of these individuals also go on to help or employ other people.” 

Pierre Nanterme, Chairman and CEO, Accenture and supporter of The Prince’s Youth Business International said:

“Accenture shares The Prince of Wales’s passion for building skills and for the impact those skills have on people, businesses, markets and communities around the world.  Teaming with Youth Business International has been a great opportunity to support young entrepreneurs, helping them sharpen their business skills and build their enterprises.”

Jo Malone MBE, Entrepreneur and supporter of The Prince’s Initiative for Mature Enterprise (P.R.I.M.E) said:

“The Prince of Wales’s support for over 50s trying to start their own businesses is a wonderful initiative.  As an entrepreneur, building my second business at the age of 50, I know that making the leap from employee to employer is an exciting but often challenging time.  By recognising this, PRIME provides advice and contacts to help build confidence and inspire new start-up ventures throughout the UK.”

During a series of engagements this week HRH The Prince of Wales will meet some of the thousands of entrepreneurs his charities have helped and supported over recent years.

On Monday 9th September 2013, The Prince of Wales will host a reception for the global network of his charity, Youth Business International (YBI), in the St James’s Palace State Apartments, London.

On Tuesday 10th September 2013 The Prince of Wales will officially open The Prince’s Trust's new retail space called ‘Tomorrow’s Store’ and Prince’s Trust House and will meet staff and young people who have set up businesses with The Trust’s help, Prince’s Trust House, 9 Eldon Street London. His Royal Highness will also meet some of those who have been taking part in Business in the Community’s ‘Arc’ Social Enterprise programme, and will see examples of the products they produce.

Later that day The Prince will host a reception to celebrate The Prince’s Initiative for Mature Enterprise (PRIME) who helps entrepreneurs over the age of 50. The event will take place in the St James’s Palace State Apartments, London. HRH will also view some of the products produced by PRIME businesses.

On Wednesday 11th September 2013 The Prince of Wales and The Duchess of Cornwall will host a reception to mark 21years of Duchy Originals products.

September 2013 marks 21 years since the first Duchy Originals product, the oaten biscuit, went on sale.  In that time, over £11 million has been donated to charitable causes and the brand has expanded to 230 products and is now sold in over 30 countries worldwide.

Notes to Editors

The Prince’s Charities represent, as a group, the largest multi-cause charitable enterprise in the UK. The charities are active in a broad range of area, including the Built Environment, Responsible Business and Enterprise, and Young People and Education. In addition, The Prince’s Charities reflect The Prince of Wales’s long-standing concerns relating to global sustainability. The Prince’s Charities raise more than £100million every year to support their activities. 

The Prince’s Trust

Founded in 1976 The Prince’s Trust is a youth charity that gives disadvantaged young people the skills and confidence to find a job, with three in four young people on Prince’s Trust programmes moving into work, education or training. The Prince’s Trust has helped 750,000 young people since 1976. 
Visit www.princes-trust.org.uk

Youth Business International (YBI)

Founded in 2000 by HRH The Prince of Wales, Youth Business International (YBI) is a global network of independent non-profit initiatives helping young people start and grow their own business and create employment.
Visit www.youthbusiness.org

Business in the Community (BITC)

Business in the Community (BITC) is a business-led charity with a growing membership of over 800 companies. It works locally, nationally and internationally with 115 global partners.  With a further 11,000 engaged in their campaigns and an employee reach of 16.8 million it is one of the largest and most influential leadership networks focused on driving responsible business practice.

Business in the Community is one of the Prince’s Charities, a group of not-for-profit organisations of which The Prince of Wales is President.
Visit www.bitc.org.uk

The Prince’s Initiative for Mature Enterprise (PRIME)

The Prince’s Initiative for Mature Enterprise is the only national charity dedicated to helping people over the age of 50, who are unemployed, out of work or facing the threat of redundancy, to explore self-employment as a viable alternative to working for someone else.

It does this by providing the practical advice, skills, contacts and support necessary to both plan and launch a sustainable business venture. Through its work, it gives its clients a new sense of purpose and an opportunity to get their lives back on track, retain their self-respect and once again achieve personal fulfilment and financial independence.

PRIME is also at the forefront of promoting the cause of the unemployed over 50s and driving the issues they face far higher up the public agenda. Visit www.prime.org.uk