- Sir Norman Stoller via the Stoller Charitable Trust has donated £2 million – for Oldham, for Enterprise, and for Youth. This led to the set-up of the Oldham Enterprise Trust to administer the Oldham Enterprise Fund
- The Fund was relaunched on 21st February 2017 as a ”White Label” Oldham Enterprise Fund which introduced an age cap on Stoller Trust funding combined with a commitment of funding (for those not now eligible for Stoller Funding) from Business Finance Solutions (part of the Manchester Growth Company)
- The funding eligibility is as follows:-
- Start Up applicants under 25 years of age – grant funding via the Stoller donation
- Start Up applicants aged 25 to 30 years – low cost loan funding via the Stoller donation
- Start Up applicants over 30 years of age – loan funding via the government’s Start Up Loans Scheme (administered by Business Finance Solutions)
- Funding for growth (companies trading for over 2 years) – loan and equity funding via Business Finance Solutions)
- A total of 133 applicants have applied since the eligibility change – 43 for Stoller Grants, 21 for Stoller loans, 53 for Start Up Loans and 16 for funding for growth
- Since the relaunch in February, monthly applications have risen from a prelaunch average of 12 per month to 16 per month
- Since the relaunch, 19 Stoller Awards have been made (13 Grants and 6 Loans) totalling £95,420
Oldham Enterprise Education Programme
Oldham is a Dept. of Education Opportunity Area which means additional funding has been made available to schools (via the Careers and Enterprise Company) to support engagement with employers and enterprise activities which are seen as helpful to improving employability and social mobility. We are working with the Careers and Enterprise Company to see how we can best enhance this provision some of which (e.g. Young Enterprise and Engineering Development Trust programmes) has been funded by Oldham Enterprise Trust in previous years.
In the meantime this year we have continued to develop our Enterprise and Employability Aspiration Escalators looking to have activities available to schools at all stages in a school student’s life. Activities this year are shown at Appendix 1
The Inaugural Primary Engineer GM Leaders Award was held in the Queen Elizabeth Hall. The venue of the Queen Elizabeth Hall was enabled by Council Leader Jean Stretton
- The event was attended by the Deputy Mayor (Cllr Iqbal)
- Sponsored by Siemens and GM Chamber of Commerce plus badged OET and Oldham Council
- Over 1,300 children from across the region entered. Entries are graded by engineers and a panel then choose winners from each category.
- 9 schools were winners
- Over 100 parents and guests attended
- 13 individual winners – of which 9 from Oldham
- The overall winner was Josh Wilson from Oldham
Enterprise and Employability Hubs Highlights
Oldham Primary /Secondary Heads Conference (2nd and 3rd March 17) – OET had an exhibition stand at the conference that took place over two days at the Piccadilly Hotel in Manchester – the conference had representatives from the 90 Primary Schools, 15 Secondary Schools/Colleges and Senior Education Representatives.
Young Enterprise (YE) Company Programme – The Final for the Oldham Young Enterprise Final was on Weds 29th March 17 @ Oldham Hulme Grammar School. The two finalists selected to go to the GM Final at MMU were OSFC and Oldham Hulme Grammar School.
Although the Oldham Schools were not successful in reaching the North West final, The Enspire team from New Bridge School, supported by the Oldham Enterprise Trust, have achieved two amazing awards this year and represented Oldham at the UK Young Enterprise Finals. The team have set up and run their own Videography & Photography business. They produce a wide variety of products from mugs to t-shirts, event recordings to promotional recordings. This year the team submitted an entry to the Best Advertisement Competition and nominated a student for the Sir John Moore’s award. The Best Advertisement Competition was a national competition looking for the team to submit a poster, flyer, presentation, screen print from a social media campaign, audio file or video. Enspire beat all other entries and won the award. The team were invited to the UK national finals to accept the award.
YENO – Youth Enterprise Network
YENO board members have actively been participating and supporting the Hub events and programme. They are currently working with Mahdlo on a Business Breakfast in July that will have young people from Schools attending. The Chair of YENO – Eric Bishyka (who recently won the Young Entrepreneur of Year Award at the 2017 Oldham Business Awards) has devised at successful Schools Enterprise Tour (SET) that has engaged with several schools over the last academic year. The YENO group is also working to develop a young person’s enterprise website, combining it with the use of social media.
BYOB – Be Your Own Boss – This is a Pilot Project with Oldham College – This involves College Students undertaking a short business course, running alongside their existing course; the aim is for the students to apply for a Grant from OET in order to start their own business (target group under 25).
Primary School Careers & Enterprise Event – (Thursday 23rd March 17 @ Mahdlo)
This is the third year that we are partnering up with the Primary Enterprise & Community Hub to put on this event. The event had 40 organisations exhibiting (including local companies), 25 Primary Schools attended and 900 Yr. 6 Pupils. The event took place at Mahdlo Youth Zone.
PWC Master Class at PWC Manchester Offices on the 4th July. Four Oldham Schools/College will attend the day to give the students an insight into Accountancy.
Year 10 pupils – Employer /Careers Event July 2017 – OET in partnership with Oldham College will be hosting an Employer/ Careers Event at Oldham College. In total 1200 Year 10 pupils from across Oldham Schools will attend the four day event the pupils will have an opportunity to visit over a dozen employer stands in order to gain an insight into future careers.
Princes Trust – Mosaic Challenge – OET partnered with Princes Trust, to run the Mosaic challenge in Royton & Crompton School. The North West Finals took place on the 28th March at KPMG Manchester, Royton and Crompton reached the final, with 5 other schools. The Mosaic programme will aim to start in Oct 17 targeting mainly Year 9 and 10 students, with 25 students per school attending the sessions.
Primary Engineer – The Oldham Celebration Event was on 4 July 17 at the Sixth Form College with 10 schools participating
EDT Science Cluster (2 Schools) 40 YP – The celebration event of the GO4SET Oldham took place on the 28th April, consisting in 4 teams in total from Failsworth and Radclyffe Secondary Schools. The venue was at Oldham College; the inspirational speaker was an engineer from Rolls Royce. It was pleasing that parents of the students attended the event also. A review meeting will be held on the 7th June, to discuss the plan for next Academic year.
Coliseum Theatre Charisma Programme – Is linked to our Young Enterprise Company Programme but can also be linked to other programme to develop social skills and emotional intelligence.
Oldham Enterprise Trust stand at the Choices Exhibition, Event City, Manchester 29/30 March 2017
The show will created an inspiring backdrop for 10000 visitors to engage with over 100 Employers, training providers, universities, colleges and careers sectors. Part of OET’s mission is to showcase Oldham and the fantastic work that Employers do within the Education Sector.
The OET stand had an opportunity for Oldham Businesses that have been active in working with schools/colleges the opportunity to showcase their Business and raise aspirations of the interesting opportunities that companies in Oldham have to offer
The OET stand had representatives from:
- Innovative Technology
- Ultimate Products
- Web Applications