Partnership extended to help next generation of Yorkshire entrepreneurs

Mid-market private equity firm LDC has more than doubled its commitment to The Prince’s Trust to help young people across the UK to create the leading businesses of the future.

A new five-year expanded nationwide partnership with The Prince’s Trust will help up to 10,000 additional young people to start, sustain and grow their own business through an extension of the Enterprise programme.

LDC first started working with The Prince’s Trust in 2019 to support its Enterprise programme, which equips young people with the confidence, skills and funding to launch their own businesses.

The Backing Youth Ambition partnership has so far helped more than 1,600 young people to start their own business.

In addition to the financial contribution made by LDC over the last three years, LDC employees have provided practical support for young people across the UK by volunteering.

This includes the development and delivery of a specialist investment workshop, which gave young entrepreneurs a crash course in the variety of options that are available to fund business growth.

LDC employees also raised additional funds individually by participating in the charity’s ‘Future Steps’ and ‘Brilliant Breakfast’ initiatives.

To celebrate some of the inspiring entrepreneurs supported by the Enterprise programme, LDC hosted a marketplace at a company-wide meeting. The marketplace invited six young entrepreneurs to set up market stalls on the day to sell products and tell their story.

LDC’s work with The Prince’s Trust has helped the charity to support aspiring young entrepreneurs through the particular challenges of the last two years.

Milly Rose, an artist from Hull, began to turn her dream of running a business into a reality when she approached the Prince’s Trust Enterprise programme for support to create a business plan and grow her entertainment-based creative company, Fantastic Faces.

Rose found it difficult to launch her business independently as a single parent.

With the help of The Prince’s Trust, Fantastic Faces has gone from strength-to-strength. Rose now employs 10 staff to help deliver eco-friendly face painting experiences at events, festivals and weddings across East Yorkshire.

She also creates commission-based artwork and large-scale wall murals, and has won contracts with St Stephen’s Shopping Centre in Hull, and with Hull City and Beverley Councils.

Toby Rougier, chief executive of LDC, said: “By giving young entrepreneurs the tools they need to get started today, we are supporting the world-class businesses of the future. Our work with The Prince’s Trust aligns perfectly with this mission and our heritage.

“More than doubling our commitment over the next five years will support our efforts and ensure we continue to make a significant contribution to societies and communities across the UK.”

Jonathan Townsend, UK chief executive of The Prince’s Trust, added: “LDC’s support over the last three years has helped The Trust to support young entrepreneurs with the mentorship, guidance and funding to grow and sustain a business idea, through such a challenging time for businesses of every size.

“I am excited for what we can achieve through this partnership over the course of the next five years.”