Prince's Trust New Research
Latest press releasesResearch by Dr Francis Greene, an economist at the Centre for Small & Medium Sized Enterprises at Warwick Business School, casts doubt upon the value of the Prince's Trust which has received £27 million of public funds to date.
The research finds that superficial evaluations of such enterprises tend to cast them in a much more favourable light than when they are subjected to a more detailed analysis.
This research raises many important questions about the evaluation of public policies to promote enterprise more widely. If, as this research argues, the less sophisticated studies are both cheaper and more likely to generate 'good news' for the program, there will be pressure in some quarters to favour such an approach. This raises the question of who is responsible for ensuring the interests of the taxpayers, potential entrepreneurs and society, more widely, are represented. The paper makes it clear that all three are important, but is less clear about where the balance of power should lie.
The research finds that superficial evaluations of such enterprises tend to cast them in a much more favourable light than when they are subjected to a more detailed analysis.
This research raises many important questions about the evaluation of public policies to promote enterprise more widely. If, as this research argues, the less sophisticated studies are both cheaper and more likely to generate 'good news' for the program, there will be pressure in some quarters to favour such an approach. This raises the question of who is responsible for ensuring the interests of the taxpayers, potential entrepreneurs and society, more widely, are represented. The paper makes it clear that all three are important, but is less clear about where the balance of power should lie.
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