The Prince of Wales Presents Awards to Welsh Businesses Set up by Over 50s

His Royal Highness The Prince of Wales, Founder and President of PRIME Cymru, met with people aged over 50 who have set up their own businesses in Wales with the charity’s help, and presented the winners with awards at PRIME Cymru’s Award ceremony.

In front of a delighted audience of 120 guests in Craig-y-Nos Castle, Powys, His Royal Highness said:

“I am really so impressed by what PRIME Cymru is able to achieve…to enable people to fulfil their dreams after they have had very often a difficult time being made redundant or whatever…

In Wales, more than 1 in 3 of all older people over 50 to retirement age are currently not working, and this is a total of around 210,000 people…In addition, the number of people over the age of 50 who are considered not in education, employment or training is over 4 times the number of those in the 16 to 24 age group, the age group my Prince’s Trust Group is dealing with.  So, what I am really pleased about is to be able to deal with both ends of the spectrum, as frequently people don’t realise how many over 50’s are in these difficult situations.

Research shows that around one third of all those currently economically inactive [and aged over 50] would actually like to work, and that’s the point. But bespoke services for the 50 plus age group to assist with addressing what are often multiple barriers, is not always so easy to find, which is another reason why PRIME Cymru I think is of such importance.

I particularly want to congratulate all the people who won the awards today and also wanted to say all those who haven’t won an award are equally important and are making a huge contribution to the life of the economy of Wales. Llongyfarchiadau.”

Source- Written by Rachel Jones, as featured in Business News Wales –