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Youth unemployment the first issue for E20 entrepreneurial taskforce

September 19, 2012

The members of new business group, tasked with finding entrepreneurial solutions to the UK’s economic and social challenges, have been named.

The E20 features many well-known business names, and will meet on a regular basis to deliver practical new ideas around finance, apprenticeships, mentoring and enterprise education.

The first summit will take place at MADE – an entrepreneurial festival which opens for business on 19th September. The meeting will be chaired by the PM’s enterprise advisor, Lord Young of Graffham.

The focus of the E20′s inaugural meeting will be on the so-called ‘missing million’ – 16 to 24 year olds who are not in education, training or employment. The level of youth unemployment has soared in recent years, by 5.8% in the last year alone. Following the summit, the group intends to deliver an ‘Action Plan to Combat Youth Unemployment’.

Some of the delegates attending the summit include the founder of Cobra Beer, Lord Bilimoria, Joe Cohen (founder of Seatwave), Emma Jones (founder of Enterprise Nation), Will King (founder of King of Shaves) and Edward Wray, the co-founder of Betfair.

A number of young entrepreneurs will also be attending – including Ruth Amos, the founder of StairSteady and Kieran Miles, founder of LIVE Global.

Commenting on the formation of the E20, the chairman of MADE, Michael Hayman, said:

“The E20 will harness the power of entrepreneurs to address the big challenges facing Britain today. MADE: The Entrepreneur Festival is all about inspiring and celebrating Britain’s enterprise culture and the E20 will can make an active contribution to the social and economic problems that we face. The intent of this group is to make a difference to communities the length and breadth of the country with can-do ideas that aim to inspire a new enterprise generation.”