Introducing RBS Inspiring Enterprise

Do you think more people should be helped to learn enterprise skills and set up their own business? We do.

That’s why we’re introducing RBS Inspiring Enterprise - working with our partners to inspire, enable and support more people to start up and succeed in business.

We already support business of all shapes and sizes, in every sector of the economy, through our own activities, products and services, and by working with our partners. We’re going to focus additional effort on three groups that the bank believes, with further support, could play a stronger role in the entrepreneurial economy: young people, women and social entrepreneurs. Today we unveil the details of the Inspiring Youth Enterprise initiatives and commitments to the UK’s young entrepreneurs.

Today we’re announcing that by 2015 we will help 100,000 young people (under 30s) to explore enterprise, develop their enterprising skills and start up in business, whatever their background.  This 100,000 is in addition to those young people we support every day as our customers through our business banking products and services.

-        We’re launching an RBS Inspiring Youth Enterprise funding pot of £500k p.a. to provide grants of up to £50,000 to organisations across the UK that encourage and support youth enterprise

-        We’re extending our award-winning partnership with The Prince’s Trust for another three years, one of UK’s most successful supporters of youth enterprise, to help young people from disadvantaged backgrounds get the support they need to start up in business

-        We’re launching the second year of our student enterprise programmes – RBS ESSA and RBS EnterprisingU, powered by Find Invest Grow – to encourage, reward and recognise undergraduates’ enterprising activities across the UK

-        We will send our Mobile Business School to campuses and communities across the UK to provide an opportunity for young people to gain support and advice from us and our partners

We want to make sure that any support we offer is real and lasting, which is why we’re also running a series of workshops with the RSA to bring young people together with enterprise support organisations to discuss how we can improve the support available, for the long term. We will unveil our commitments for Women in Enterprise and Social Enterprises soon.