A local entrepreneur is taking the opportunity to help the next generation develop the skills needed to set up their own business, thanks to the Young Enterprise scheme in Bath.
Wealth manager Derrick Royall mentors students at Kingswood School in Bath on a weekly basis as part of the charity project to inspire young people.
Derrick, 49, said: “I find it refreshing to work with young people who have a different outlook on life compared to me, at nearly 50.
“They are enthusiastic and it’s exciting to see what they will come up with in their projects.”
The married-father-of-two has recently launched his own business, Royall Wealth, after 30 years’ working for leading accountancy and wealth management firms.
He knows first-hand the challenges businesses face and is now passing on his experience as a volunteer with the Young Enterprise West of England team.
The scheme provides 14 to 19-year-olds with practical experience to help develop their personal skills and business understanding.
A team from Kingswood created a toy puzzle and qualified for the West of England Area Final Heats.
Matt Jones, Economics and Business studies teacher at Kingswood, said: “Derrick has helped guide and facilitate this year’s Young Enterprise group.
“He has offered his advice and expertise to give the students a real insight into the world of business and commerce.
“It has been motivating and inspirational for the students involved, as well as building their business skills.”
Derrick heard about the YE as a member of networking group What’s Right, which raises money for local good causes through its business connections.
He met Caroline Tarbuck, West of England manager for YE, and was keen to get involved.
Derrick, whose office is based in Portland Square, Bristol, helps keep the students on target.
Caroline said: “We are really grateful to people like Derrick who give up their valuable time to take part in the Young Enterprise projects.
“Their knowledge and experience is invaluable and has a great impact on young people, who are keen to learn from them.”
Young Enterprise run a variety of programmes in schools and colleges.
Their flagship Company Programme, which is a year-long project to set up their own business with the aid of a mentor, is the lead programme for the charity.
