Entrepreneurial scheme reaches major landmark

By Hull Daily Mail | Posted: 21 Dec 2018

A scheme which helps young people in and around Hull become their own boss has helped its 500th entrepreneur.

The John Cracknell Youth Enterprise Bank offers grants of up to £1,000 for individuals or groups of budding young business people who need help getting their ideas off the ground.

The project, launched in 2004 following the death of local accountant John Cracknell, has now reached a landmark by supporting its 500th person.

Councillor Daren Hale, deputy leader at Hull City Council, said: “I am pleased to hear that Hull’s Youth Enterprise Bank has supported its 500th enterprising young person. As a local authority we have a commitment to the Micro Biz Community general through our support for Micro Biz Matters Day 2019 and youth entrepreneurship, in particular through various enterprise skills programmes and youth enterprise programmes such as Making Changes for Careers, whose participants are allowed to apply for Test Market Grants as well as sponsoring Global Entreprenurship Week and supporting Hull’s enterprise skills programme £5 Blossom.”

Charles Cracknell, secretary at John Cracknell Youth Enterprise Bank, said: “I was delighted 16 years ago when I helped set up the John Cracknell Youth Enterprise Bank with a commitment to supporting enterprising projects and young people in Hull.

“In 2010 KCOM gave us a donation of £60,000 and we have continued to raise funds and receive support from those in the business community who have a commitment to supporting enterprising young people.”

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