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Vince Cable to celebrate 3,000 businesses created through Outset

On Monday 14 July Vince Cable will host a ceremony at Westminster Conference Centre to celebrate the creation of over 3,000 UK businesses through the Outset service.

Established in 2009, Outset® is a not-for-profit, multi-award-winning service that offers enterprise coaching, personal development and business start-up training to individuals across the UK, with a focus on helping people with disadvantaged backgrounds and from deprived areas into the labour market.

This latest achievement is a result of engaging more than 16,000 individuals in the South West and the East of England, and is made all the more significant by the demographic profiles represented, including:

•56% unemployed
•11% long-term unemployed (12 months out of work and on benefits)
•47% with no or entry-level qualifications
•17% with physical or mental health issues
•18% from black or minority ethnic backgrounds
•54% women
•34% individuals under 25 or over 50

To date, Outset has saved more than £22 million in benefits payments throughout the UK, with these new enterprises contributing £4 million in taxes and at least £16 million GVA to the economy. This represents a return of nearly 200% to the public purse.

YTKO Group Chief Executive, Bev Hurley CBE, says: “This important milestone, achieved in just four years, is a credit to both the passionate entrepreneurs we work with, and our hard-working, dedicated teams. At its core, Outset is about developing both the individual and the business potential, and we’re proud to see so many of our clients come off benefits and start contributing back into the UK economy.”

Cornwall business owner, Jonathan Burfoot, will be officially recognised as the 3,000th business owner at Monday’s ceremony. Jonathan was diagnosed as dyslexic from an early age and as a result experienced exclusion from many mainstream pathways. Motivated by his own negative experiences, Jonathan approached Outset Cornwall late last year with an idea for creating Newquay Forest School, a supportive learning environment for youth, to help overcome learning barriers and develop their confidence and social skills.

“All throughout my life, I’ve been told that I ‘can’t’ or ‘shouldn’t try’ because I’m dyslexic. Outset Cornwall not only believed in me and supported my idea for the school; they showed me it was possible and gave me the tools to get there,” says Jonathan.

Outset offers a strong social return by empowering people to create their own jobs and has been proven to reduce social and financial exclusion, strengthen deprived communities and help people escape poverty. It reduces the cost of supporting the mentally and physically disabled, and rehabilitating ex-offenders and drug and alcohol abusers; enabling these clients to regain confidence, improve their skills and achieve sustainable financial incomes.

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