Business schools could be paid to teach sole traders and the owners of the UK’s smallest businesses, under proposals outlined by Lord Young, the prime minister’s adviser on enterprise.
The plan to use the schools as a network of SME support centres aims to increase the economic contribution of the “vital 95 per cent” of businesses that employ less than 10 people.
“Business schools are seen as one of the big success stories of UK higher education,” Lord Young said. “However, in the main they play a variable role in the local economy.”
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