Morning, Wednesday, 9th October 2019
THIS EVENT IS CPD CERTIFIED
This seminar will examine the priorities for policy if the Government is to achieve its aim - set out in the Industrial Strategy - of making ‘the UK the best place to start and grow a business’.
A major focus for the morning is what more needs to be done to encourage potential entrepreneurs to start a business in the UK.
Policymakers and stakeholders will also discuss what more entrepreneurs need from government to help build an environment where small businesses can thrive - including issues relating to access to finance, IP registration, taxation, and business support such as Growth Hubs.
The agenda and keynote speakers
- Priorities for policymakers to support small business - with Emma Jones, Founder, Enterprise Nation and Co-Chair, Prime Minister’s Small Business, Scale Ups and Entrepreneurs Council;
- Tapping into the unrealised potential of female entrepreneurs - with Alison Rose, Deputy Chief Executive Officer, NatWest Holdings; Chief Executive Officer, Commercial & Private Banking, RBS and Lead, Rose Review of Female Entrepreneurship;
- Fostering an enterprise culture in the next generation - with Stuart Thomason, Chief Executive, Business Launchpad; and
- Financial support for start-ups and scale-ups - with Alice Hu Wagner, Managing Director, Strategy, Economics and Business Development, British Business Bank.
Panel sessions to include
- Encouraging future entrepreneurs - the role of enterprise education, mentors and the appeal of social enterprise;
- Supporting entrepreneurs to overcome challenges of starting and scaling-up a business - IP, finance and networks.
The conference follows government announcements including:
Sessions will examine the recommendations of the Rose Review which called for the finance industry to improve transparency around investment decisions and pledge to better support female-led start-ups as well as introducing new products which aid entrepreneurs with caring responsibilities.
Delegates will discuss how the sector responds and the next steps for policy as Government’s formal response set itself a new target of increasing the number of female entrepreneurs by half by 2030.
With the Stace Review on barriers preventing young people from starting up a business due to report in summer, the conference will be a timely opportunity to consider the Review’s recommendations - in particular how to improve support for prospective entrepreneurs from low-income and other disadvantaged backgrounds.
Delegates will also examine the state of enterprise education in schools and colleges - in light of the Rose Review’s call for the business community to increase the resources available to education providers to teach about starting a business - and how the role that universities play as incubators for student and graduate entrepreneurs might be expanded.
The practical steps that LEPs, careers guidance providers, local authorities and other bodies can take to provide support and mentoring for start-ups will also be discussed, in light of the roll-out of LEP-led Growth Hubs and the Rose Review’s call to expand existing networking platforms to improve the reach and impact of mentoring nationwide.
We expect discussion on the growth of the social enterprise movement and its impact on engaging a wider pool of prospective entrepreneurs than are currently attracted by traditional business models - as well as how awareness of social enterprise as an option can be grown.
Further sessions will address the challenge of improving access to finance both for start-ups and scale-ups, including the impact so far of start-up loans and the British Business Bank’s funds for scale-ups as well as the wider current landscape for start-up finance such as accelerator schemes, business angels and crowd-funding. What more can be done to increase early stage finance will be central to discussion as well the support entrepreneurs need to enable them to choose the right type of investor, make sure they have the right amount of finance at the right time and know what investors are looking for in a start-up business.
The conference will also provide an opportunity to discuss how policymakers and the business community can address wider issues affecting start-ups and scale-ups in the UK including:
- issues relating to access to property;
- taxation, IP and other legal compliance considerations;
- becoming an employer; and
- identifying and addressing the most high risk points for businesses seeking to scale-up.