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Universities may have an important role to play in supporting the UK labour market, as an expert has claimed the institutions must become more entrepreneurial.
Ian Robertson, chief executive officer of the National Council for Graduate Entrepreneurship, notes reduced public funding should not be allowed to impact upon students' ability to set up their own enterprises or enter the world of commerce independently.
The UK labour market is heavily reliant on small and medium-sized firms to help it recover from the recession, it has been claimed, so higher education institutions may wish to focus on the relevant skills in order to ensure their graduates are well prepared.
A recent report from business cover provider Hiscox revealed London students finishing their studies within the next year and a half are more entrepreneurial than their counterparts around the UK, with 54 per cent planning to start their own company, compared to a national average of 32 per cent.
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