Potential growth opportunities for young entrepreneurs related to LNG
development in British Columbia
VANCOUVER, Nov. 6, 2013 /CNW/ - BG Group today announced a partnership
with the Canadian Youth Business Foundation where the company will
provide $5 million in funding during the next five years to advance
entrepreneurship and business development in British Columbia.
The funds will support the development of youth-led businesses, with a
focus on enhancing opportunities for First Nations and communities in
the footprint of BG Group's planned Prince Rupert LNG Project.
"Developing our surplus LNG will create opportunities across B.C.," said
Premier Christy Clark. "In all regions, in all sectors, and for
entrepreneurs who identify and fill needs."
Deputy Premier and Minister of Natural Gas Development Rich Coleman
said, "BG Group is investing directly in the future of our northern
communities. This is the first of many social benefits we expect to see
as a result of liquefied natural gas development."
BG Group's Prince Rupert LNG Project, which is subject to a final
investment decision in 2016, could create as many as 3,000 jobs during
construction, including 400-600 full-time permanent positions and
additional spin-off jobs and economic opportunities.
BG Group Chief Executive Chris Finlayson, who announced the partnership
in Vancouver earlier today, said: "BG Group is excited about the
prospects for British Columbia's future. We foresee industrial growth
creating significant opportunities for the western Canada workforce.
Our relationship with the Canadian Youth Business Foundation represents
an investment in the future - the young entrepreneurs who receive
start-up funding today may well be serving a vibrant LNG sector
BG Group's commitment will include programs aimed at skills development
and targeted education events. In addition, efforts will be made to
link Canadian Youth Business Foundation resources with organizations
that share similar objectives in northern British Columbia.
"We are thrilled to be working with BG Group and our partners throughout
British Columbia to expand youth entrepreneurship," said Julia Deans,
Chief Executive Officer of the Canadian Youth Business Foundation.
"This will help young people in First Nations and other B.C.
communities gain greater access to the financing, mentoring, resources
and skills they need to launch businesses, create jobs, and drive
economic prosperity and growth."
Notes to Editors:
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad
portfolio of business interests focused on exploration and production
and liquefied natural gas. Active in more than 20 countries on five
continents, BG Group combines a deep understanding of gas markets with
a proven track record in finding and commercializing reserves. For
further information visit: www.bg-group.com
There are matters set out within this announcement that are
forward-looking statements. Such statements are only predictions, and
actual events or results may differ materially. For a discussion of
important factors which could cause actual results to differ from these
forward-looking statements, refer to BG Group's Annual Report and
Accounts for the year ended 31 December 2012. BG Group does not
undertake any obligation to update publicly, or revise, forward-looking
statements, whether as a result of new information, future events or
otherwise, except to the extent legally required.
The Canadian Youth Business Foundation (CYBF) is a national non-profit
organization dedicated to growing our nation's economy one young
entrepreneur at a time. We look at character, not collateral, when
providing youth aged 18-39 with pre-launch coaching, business
resources, start-up financing and mentoring to help them launch and
sustain successful businesses. CYBF has been recognized as a global
leader in advancing youth entrepreneurship, is a founding member of the
global G20 Young Entrepreneurs' Alliance (G20 YEA), the Canadian member
of the Prince's Youth Business International, and the Canadian Host of
Global Entrepreneurship Week (November 18-24, 2013).
Established in 1996, CYBF has invested in more than 5,600 young and
emerging entrepreneurs across Canada. Their businesses have created
over 23,000 new jobs, $163.6 million in tax revenue and hundreds of
millions of dollars in sales and export revenue. CYBF helps young
entrepreneurs coast-to-coast through a national network of 186
community partners and more than 4,550 volunteers including business
mentors. Information about CYBF is available at www.cybf.ca
SOURCE: BG Group
For further information:
David Byford: 1-604-683-4545 firstname.lastname@example.org
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