Young aspiring entrepreneurs will now be able to study for new qualifications in enterprise and entrepreneurship as the National Enterprise Academy (NEA), brainchild of Dragons' Den star Peter Jones, and backed by the government, officially opens.

The NEA is the first-ever UK educational institution that is specifically dedicated to enterprise and entrepreneurship and will expose students to real-life business environments.

Centres have been opened in Buckinghamshire and Manchester and the courses are open to 16-19 year olds.

It is planned that over 18,000 learners will be enrolled in the first five years of the institution, which has received £9m of investment from the government's Department for Business, Innovation and Skills.

"There is arguably no better time to create a National Enterprise Academy than during a recession.

"While it's true that traditional business studies courses equip students with a wealth of valuable theoretical business knowledge, there is currently no single academic course wholly dedicated to enterprise and entrepreneurship - a fact that inspired me to set about establishing the National Enterprise Academy," said Peter Jones, entrepreneur and founder of the NEA.

"There is arguably no better time to create a National Enterprise Academy than during a recession. The UK needs entrepreneurs to stimulate the economy and businesses need inspired employees to help their companies recover quickly."

The two new qualifications have a strong focus on practical skills. The first, a level 2 BTEC Diploma in Understanding Enterprise and Entrepreneurship, and the second, a level 3 BTEC Diploma in Enterprise and Entrepreneurship, have been developed in partnership with Edexcel, the UK's largest qualifications awarding body.