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BIS announces graduate entrepreneur scheme

Published: Monday, 28 September 2009   Category: Life after graduation

University leavers planning to shun the graduate job market in order to set up their own businesses are to receive help from the government.

The Department of Business, Innovation and Skills (BIS) announced its Flying Start graduate scheme on Thursday (September 24th), which will see £1 million of funding put into workshops aiming to get 5,000 to start up their own enterprises.

Some 50 one-day rallies will take place offering advice and guidance to those graduate entrepreneurs who are planning to become their own employer, who will also be able to network with experts.

Announcing the scheme, minister David Lammy said: "Flying start - Make it Happen is an important addition to the range of options available to recent graduates including internships, further study and volunteering."

The Derby Telegraph recently reported that four former students had set up their own enterprises due to the competitiveness of the graduate job market.

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