Launch It runs enterprise centres in deprived communities, encouraging more young people in these areas to start businesses.
We target 18 to 30-year-olds who face social and economic disadvantage, addressing barriers by providing an intensive two-year support programme featuring workspace, training, mentoring, networking and access to funding.
We offer subsided rent without long-term contracts, allowing new entrepreneurs to build their businesses without unnecessary financial risks, and work closely with local authorities to repurpose under-used buildings in which to deliver our services.
Awais Parvais has been supported by Launch It to start his vegan food company, Vegoo Foods. He says: “My life has not been easy with all the personal issues I’ve had. I always wanted to start a business and with Launch It’s help that has been made possible. I feel like I’ve upgraded as an individual and with this new mentality, I don’t see any barrier for what I want to achieve out of life.”
The Launch It programme has a significant impact on young people like Awais, many of whom are struggling to find work or source the support to start their new business. They develop skills, build confidence and feel status and pride in their achievements.
Our ‘Level Up’ report shows that more than 75 per cent of young entrepreneurs are more satisfied with their work than their peers in employment and 81 per cent said their finances are as good or better than before they started a business.
For the wider community, there’s an increased number of business start-ups, leading to increased local spending and reduced unemployment.
On average, 66 per cent of Launch It businesses are still trading after five years, and just under half of those go on to employ at least one other person. Of those still trading, 88 per cent remain in the borough in which they started.
We are looking to expand and would welcome opportunities to discuss our plans with UK local authorities. Please email me at [email protected] or call me on 07711 424245.