The University of Northampton has been awarded a grant of £70,000 as part of Santander Universities Enterprise and Entrepreneurship Fund.
The University will use the funding to offer an Enterprise Boost Accelerator programme, which aims to reduce the gap in the level of success between white and BAME (black, asian and minority ethnic) students on graduation.
The programme will seek to provide greater opportunities for BAME students by encouraging an entrepreneurial mindset and building their business skills during a two day course. The university is one of 15 institutions across the UK to receive a grant from the fund, which was launched to celebrate Santander Universities’ 10th anniversary in the UK.
Whilst 66% of white graduates entered into full-time employment in 2016 once they left the University of Northampton this is true for only 38% for black and 46% for Asian graduates.
The project aims to reduce this gap by developing skills such as being business focused, creativity, resilience, problem solving and time management – all which will be easily transferred into the workplace.
Santander Universities Enterprise and Entrepreneurship Fund is a £1 million fund designed to support universities in delivering large-scale projects benefiting over 5,000 people directly and driving economic benefits across the UK.
The key objectives of the fund include helping to start, run or grow a business, developing and promoting entrepreneurial skills, culture and mindsets, championing innovation within businesses and delivering economic, social or employment benefits to the local and national economies.
Matt Hutnell, Director at Santander Universities, commented: “We are delighted to award this grant to the University of Northampton, which will support such a fantastic programme that teaches the skills needed to start a career or set up a new business and we look forward to hearing about the experiences of those who join the course.”
Professor Nick Petford, Vice-Chancellor at the University of Northampton, commented: “Our intensive two-day programme will teach the techniques and skills needed to make participants successful in the business world. Students will be able to test, explore and refine very early stage ideas and identify which markets certain products fit into. As a result, they will be able to transfer the skills they learn in the future when it comes to graduating and starting their career.”