The report calls on the MOD to invest more resources into supporting members of the Armed Forces in transitioning successfully into the civilian labour market, and particularly into being self-employed. This includes the suggestion of a ‘skills for life’ package for all veterans which gives support on how to pay bills, buy a house, manage finances and tax, as well as training in soft skills, people skills and commercial skills.
It also calls for wider use of mentors, the wider promotion of Enhanced Learning Credits to ensure veterans are aware of their entitlements; and for longer-term support including access to top-up training up to 24 months after leaving.
Ren Kapur MBE, CEO and Founder of X-Forces Enterprise says: “We’ve seen the incredible impact that self-employment can have on veterans and are proud of the work we’ve been carrying out for five years to empower ex-service men and women to reach their full potential.
“This research shows that challenges remain, but we were incredibly encouraged to see how many of the recommendations made are already being taken forward by organisations like ours. We welcome this in-depth look at the challenges faced by potential entrepreneurs, and look forward to helping even more veterans in the years to come.”