The article considers issues connected with implementation of competency-based approach in entrepreneurial education of school youth in Britain. The policy of the British government to introduce competency-based approach in entrepreneurial education is analyzed. The role of real task –oriented school leavers adaptation possessing the knowledge and skills necessary to the labour market is considered. It is found out that a new learning model is in demand in the XXIst century which allows to prepare a creative, initiative young man with key competences, being able to solve problems of his employment and to open his own business.