Enterprise Placement Year
An Enterprise Placement Year (EPY) provides the opportunity to fully develop your entrepreneurial idea and establish a new venture.
Applications are now open for Enterprise Placement Year (EPY) The EPY is suitable for students who wish to set up a company, social enterprise, operate as a sole trader or provide consultancy services on a freelance basis.
We are offering another EPY drop-in session this Thursday 6th May at 11:00am.
What you can expect from EPY
As a self-employed professional, you will have an opportunity to develop your consultancy skills. Here are examples of current students’ success:
Working remotely, you will have the support from the Enterprise Team, national student societies and access exciting events, initiatives and opportunities.
We'll work closely with you to help you develop your ideas and launch a new venture.
The support you can expect might look like this:
- Workshop with speaker: Each month on core topics eg: Foundations of Freelancing, Finance, Sales and Marketing.
- Peer to peer mentoring session: Each month. Driven by participants and planned in advance, facilitated by mentors.
- MS Teams and EPY Notebook: Your constant points of reference for advice, guidance, events and learning opportunities.
- Your own self-directed CPD: professional development appropriate to your Diploma in Professional Practice, industry and future career plan.
- Consultancy and freelance roles: client-based supervisor to guide activity in that environment.
- Ad-hoc contacts: advice and support from any member of the team when required.
Enterprise Placement Year (EPY) Essential Information 2021/22
What do I need for a successful EPY?
Self-motivation, enthusiasm, commercial awareness and a drive to start a business or commence self-employment/freelancing opportunities. You are expected to commit to working full time on your business.
What would I miss from a regular work-based placement?
Employment experience, an employer’s reference and, perhaps, a reliable income
- How do I find out more about EPY?
What is the application process for EPY?
The deadline for submitting your completed application form is 4pm on Friday 7th May 2021. Selected applicants will be invited to an Interview/Assessment day during May 2021 which MUST be attended.
When does EPY start/finish?
Students are free to take up their EPY as soon as examination period ends (25th May 2021). There will be a compulsory EPY module to complete between June-August 2021. EPY ends on 1st June 2022.
What about money?
Students studying on an EPY placement for the full year, will be eligible to apply for a bursary of up to £2,000 – details will be available upon commencement of the module. Your student loan amount for EPY is dependent on your individual circumstances and a private matter between you and Student Finance NI. If accepted onto EPY, we will email you all a personalised letter which explains to SFNI what EPY is and stressing that it is a self-employed placement with no guaranteed income.
What about a part-time job?
We understand that you need to cover your living expenses but any part-time job must not exceed 16 hours a week or interfere with your proper engagement with all aspects of the EPY scheme. To help you plan, we strongly suggest that you do NOT work on Tuesdays, as this is the core day for EPY activity.
Am I sure to be allocated a place?
There are invariably more applicants than we can properly support, so the number of students on EPY is limited. In addition, students who already have a business or are in the stages of being ready to launch their business will be given priority.
Can I work with another student?
Yes, we accept business partnerships but only comprising 3 students; no more than 3.
Am I on my own with EPY?
The success, or otherwise, of your EPY will be very much down to your own efforts. The Enterprise Placement Team will support you with regular catch-ups, information, facilities, opportunities and advice from experienced Business Advisors. However, you will need to be efficient and business like in all your actions for the duration of EPY; this is not, by any means, a ‘soft option’ for a placement!
Can International (outside the EU) students apply?
Whilst your visa will allow you to study here in the UK, it may not include the permission necessary to become self-employed here so EPY is not appropriate for you.
What will be expected of you
During your EPY you will be expected to:
- Devote time, energy and commitment to your business and the programme,
- Proactively seeking support from Business Advisors when you need it
- Attend relevant presentations and events including Induction Week, biweekly start-up sessions and monthly coaching sessions and other important events
- Take part in competitions and initiatives when advised by the Enterprise Team
- Complete a monthly, and an end of period reflection of your experiences and examples of work undertaken