Having supported many 100's of young people to date, the
John Cracknell Youth Enterprise Bank is looking to grow and support even more
young people. Offering more than just financial support, this initiative also
offers practical advice to help get business ideas off the ground across Hull
and the East Riding.
The John Cracknell Youth Enterprise Bank, with its management group, has over the years continued to be supported by young entrepreneurs,
Hull City Council and local businesses and for the last three years has received
significant support from KC (£60,000). As the entrepreneurial spirit increases
in the area, and they urge more businesses and people to support tomorrow’s
employers, they are now proud to introduce their new bondholder investment
scheme.
Maureen Foers OBE, Chair of the John Cracknell Youth
Enterprise Bank, comments:
“We wanted to find a way that we can continue to support
even more local entrepreneurs. The new patronage scheme is a great way to do
this, and at the same time we are able to offer thanks to those who are kind
enough to support us. We are already receiving interest from local businesses
wanting to support others, which is fantastic, and we hope by raising awareness
we will get even more support going forward.”
The bondholder scheme is about offering financial
support to budding young entrepreneurs, with three options available ranging
from £250 to £1000, as well as in-kind support. The support generated from the
scheme will support local young entrepreneurs and those that support the
initiative will be recognised through various levels of publicity, demonstrating
their commitment to young entrepreneurship and the local
economy.
Thomas Arran, of TArran Photography is one of many young
entrepreneurs who has benefitted from financial support of the John Cracknell
Youth Enterprise Bank and has now gone on to set up
"My enterprising journey began whilst studying for a
BTEC Diploma in Photography. My first projects were small weddings and
eventually led to work with Hull FC and Hull City Council. Following further
enquiries, it soon became apparent that I could take my passion of photography
and run it as a business. I received support from the Net 315 Enterprise
Gateway, the HYEP and the John Cracknell Youth Enterprise Bank, where I received
£800 to cover my start-up costs. I have now set up a second business - My Fun
Booth, offering a customisable photo booth service at weddings, corporate events
and marketing campaigns."
Another young entrepreneur who has been identified from
financial support from John Cracknell
"My enterprising journey began whilst studying my degree at Hull College in Fashion and Design. I had a number of clients interested in my products but had never considered setting up in business until I saw what support was on offer from the John Cracknell Youth Enterprise Bank. I was given a grant of £900 for a new sewing machine as well as 1-1 advice from one of their business mentors, I went on to win the Badgers Sett Enterprise Challenge and gained even further investment into my business of designing and producing customised clothing as well as ongoing mentoring support from Ruth Badger which will start next month. I hope that more members of the business community in Hull and East Riding will support the city's youth enterprise bank in order that they can help more young entrepreneurs like me."
The youngest recipient of financial support from the
John Cracknell Youth Enterprise Bank is 12 year old Millie Notarantonio of
Millie Rose, a personalised gifts and novelties company.
Millie "Since I was given a grant from the John
Cracknell Youth Enterprise Bank for a new heat press in 2014, I have gone on to
redesign my products and created the Millie Rose range. In October last year I
had the opportunity of meeting Prince Andrew and talked to him about my business
and what I wanted to do in the future, I would recommend any young person still
at school that has a business idea to get in touch with the JCYEB for advice and
support"
Claire Young is a former star of the BBC’s ‘The
Apprentice’, and has already committed to being a Patron,
said:
"Hull is doing a great deal to support its enterprising
young people, especially those aged 21 and under, and for me is setting the
benchmark for other cities to follow! I've seen the city support its wonderful
young entrepreneurs and encourage start up businesses, which as we know are very
much needed to drive our way out of economic tough times. As an entrepreneur I
know how important it is to be listened to and given a fair chance to
demonstrate what we can do. The Youth Enterprise Bank provides this opportunity
and I hope you will consider giving it your support. With your help the Youth
Enterprise Bank can support the entrepreneurs of the future within your
community!"
Further Information
1)
The John Cracknell Youth Enterprise Bank was established in 2003 and it has
supported over 350 enterprising young people in Hull and the East
Riding.
2)
It has established a dedicated website for the new bondholders, designed and
hosted by young entrepreneur Kit Hargreaves of Apple Pear
http://www.jcyeb-bondholders.co.uk/
3)
In 2014 it was awarded the NatWest Special Merit Award for championing
enterprise at the GB Entrepreneurs Awards
4)
The management group consists of educationalists, local businesses and young
entrepreneurs (who have previously received support from JCYEB) who also act as
mentors and are part of a support network.
6) Key Facts about John Cracknell
Youth Enterprise Bank
•
Established in 2003
• Age
range 13 to 21 year olds
• Grants
of up to £1000
• Hull
& East Riding young people can apply
• 326
young people have received a grant
• £650
average grant
• 40%
of recipients from East Hull
• 35%
of recipients from West Hull
• 20%
of recipients from North Hull
• 5%
of recipients from East Riding
• 25%
of recipients are aged 13-16 yrs
• 25%
of recipients are aged 16-18 yrs
• 50% of recipients are aged 18-21
yrs
7)
Types of businesses supported
Sea
Food processing business
Website
developers
Photographers
Beauticians
Gardeners
Hairdressers
Cycle
repairs
Stationery
Printers
Chocolate
maker
Bespoke
tailoring
Hair
dressers
Online
music lessons
Dress
makers
Paint
& Decorator
Up-cycled
clothing
Hand
made mascots
Jewellery
Maker
Personalised
Mugs & Tees
Digital games business
