PRIME Cymru has launched an innovative new programme to help economically inactive older people to start their own businesses. The charity established by HRH, The Prince of Wales, is running a series of free courses where older entrepreneurs can be supported to explore what is involved in setting up a new business.
The qualification looks at what the challenges and risks of starting a business may be and develops knowledge around specific business skills such as marketing and business relationships. Participants will have practical support to develop their business ideas whilst obtaining a SFEDI level 2 award in “Aspects of Preparing to Set Up a New Business”.
Throughout South East Wales, PRIME Cymru are running a series of three day courses, spread over two months. The workshops are interactive, flexible and individually tailored according to the needs of the participants. Those looking to start their own business or become self-employed will receive online and telephone support throughout the course. Older clients will also have the support of a personal mentor from the organisation who will help them start and grow their business.
The courses, which are free to all participants are being funded under the WCVA’s Engagement Gateway project.
David Pugh, Chief Executive of PRIME Cymru, stated “ During the last year, the number of self employed people in Wales has dramatically dropped by 20,000. There are currently over 200,000 people in Wales between fifty and
state pension age who are jobless. Older workers were more likely to be made redundant during the recession and they have been less likely to be employed since. The over fifties show the largest growth in long-term joblessness. This innovative project may be the solution to help some older workers into self-employment.”
“During the recession we have helped many older people create their own jobs by working for themselves. This employment is indigenous, sustainable and valuable to local communities. Unfortunately, government policy over many years has concentrated on inward investment and growth businesses to the detriment of self employment and indigenous micro businesses. “
“People over fifty who want to work for themselves just need a little support through starting up their business and ongoing support for their first year in business.”
If anyone aged fifty or older would like to discuss the course or requires the assistance of a mentor, they can contact PRIME Cymru free on 0800 5874085 or email firstname.lastname@example.org