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60% of young people want to start their own business

14th May 2014
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Over the past year there has been a significant rise in the number of young people looking to start their own business, according to research.

Whilst only 38% of adults have plans to take the plunge and make their big idea a reality, 60% of 18-30 years olds aim to defy the tough economic climate and start a business.

Unfortunately, despite these high ambitions the study found that young entrepreneurs expect there to be higher barriers than older individuals.

Paul Hargreaves, Managing Director of Cotswold Fayre, which carried out the survey, says: “The growing number of young entrepreneurs looking to start a business is a great sign for the fine food industry. However, the prospect of starting a business or taking it to the next level can be incredibly daunting.”

In order to help support young entrepreneurs who might want to make it in the fine food industry, Cotswold Fayre has announced the launch of its start-up support scheme Cotswold Collaborates.

The initiative aims to help fine food entrepreneurs aged between 16 and 24 years who are looking for help with their business.

Paul adds: “Cotswold Collaborates will offer the winning entrant not just monetary support but also business advice to help face the difficult challenges of setting up a business.”

The winning applicant will be awarded £1,000 to help grow their company. On top of this, they will be invited for monthly mentor meetings with Paul Hargreaves to discuss and develop their business plan, while gaining industry insight and advice.

In addition to this support, Cotswold Fayre’s in-house designer will work with the winner to develop a strong brand identity through design.

Applications are now open and close on 30th June 2014. The application form can be found at www.cotswoldfayre.co.uk




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