Young Apprentice set to be axed over Lord Sugar's busy schedule

Lord SugarYoung Apprentice is set to end after its upcoming third series as business tycoon Lord Alan Sugar no longer has the time to take part, it has been reported.

The Sun claims that Sugar wants to concentrate on the adult version, which was recently renewed by broadcaster BBC One for two more years.

A source told the newspaper: "Lord Sugar is passionate about encouraging kids to become entrepreneurs but he won’t be doing more.

"He hasn’t got time to do it and neither have Karren Brady or Nick Hewer. Everyone is very proud of it but that’s it for the foreseeable future."

The show launched as Junior Apprentice in 2010, giving 16 and 17-year-olds the chance to compete for a £25,000 business investment.

However, the spin-off has not been as popular in the ratings, attracting around half the viewers of the main series.

Speaking about the show ahead of its 2010 launch, Lord Sugar had said: "It is my long-held belief that we should be doing more to promote enterprise among young people, as the future of our economy relies on them."

The third series is set to begin in October.