Assessing the Impact of Enterprise and Entrepreneurship Education Literature and Policy Project Report

Smith, Kelly, Bozward, David, Rogers-Draycott, Matthew, Mave, Mokuba, Curtis, Vic, Aluthgama-Baduge, Chinthaka, Moon, Rob and Adams, Nigel (2020) Assessing the Impact of Enterprise and Entrepreneurship Education Literature and Policy Project Report. [Report]

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Abstract

The following report summarises the actions to date and future planned activity with respect to a systematic literature review and an investigation of policy-related data and documents relating to enterprise and entrepreneurship education (EntEd) activity in UK Higher Education institutions (HEIs). The key findings are: 1. There is a lack of information and context, necessary for educators to make informed decisions about what works (or not), provided in published papers. Research to date focusses on short-term impact relating to awareness, knowledge, and entrepreneurial intent. 2. Analysis of Teaching Excellence Framework (TEF) submissions shows that the majority of institutions include EntEd-related activity in their submissions. Results narratives are more likely to highlight 'enterprise’ related activity at higher levels of TEF award and where it is a sustained and strategic part of the university’s educational offer. 3. Research and impact work relating to enterprise, entrepreneurship, or entrepreneurial education can provide a meaningful contribution to Research Excellence Framework (REF) results and therefore research funding. It can also have a significant impact on the communities it serves. 4. Returns to the Higher Education Business and Community Interaction (HE-BCI) survey show that the number of student and graduate new-start businesses per year was relatively constant for the four years analysed (2014/2015 to 2017/2018) at around 4,000 business each year with a mean average of 38.3 new-starts per returning institution in 2017/2018. Active companies reportedly employed an estimated mean average of 1.9 FTE employees, and had an average estimated turnover of £53,506. 5. 3 of the 10 highest ranking institutions for new-start businesses in 2017/2018 were specialist art, music, dance, or drama institutions. This increased to 6 of the top 10 when a proxy for the proposed new Knowledge Excellence Framework (KEF) metric for student entrepreneurship was applied. The KEF proxy used here was the number of HE-BCI reported new-start businesses by an institution by its total student population recorded for the same year of data collection. 6. The highest-ranking institution returned a number of new-starts to HE-BCI that equated to 12.7% of its total student FTE population in 2017/2018. Only 6 institutions (including the highest ranking) have a KEF proxy figure of over 2% of their total student FTE; 85 institutions report less than 0.5%. The results of the systematic literature review and the TEF, REF, HE-BCI and KEF proxy analysis have been used to inform questions to be used in a Delphi study exploring impact measurement, and will be taking forward into conference and journal submissions as appropriate.

Item Type: Report
Divisions: Business and Entrepreneurship
Depositing User: Matthew Draycott
Date Deposited: 18 Oct 2021 10:55
Last Modified: 18 Nov 2021 13:18
URI: https://rau.repository.guildhe.ac.uk/id/eprint/16479

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