Young Person's Start-Up Grant

A grant of up to £2000 is available to young people starting a business

A grant of up to £2,000 is available to assist young people under 25, living in or returning to Wales, in becoming self-employed. The Welsh Government is dedicated to assisting young people in Wales in reaching their potential by providing support for education, training, employment, and self-employment opportunities.

The Young Person’s Start Up Grant has been created to support The Welsh Government’s commitment to The Young Person’s Guarantee.  To ensure that The Welsh Government understood the needs of young entrepreneurs, they engaged in discussions with youth through the Youth Voice and Youth Agents. They highlighted that accessing finance, business knowledge, and building confidence are major barriers to starting a business.

The Young Person’s Start-Up Grant will be available until 2025 to support young people in Wales who are not in education, employment, or training in starting their own business, creating a social enterprise, becoming self-employed, or working as freelancers or social entrepreneurs. The business proposal must show potential to become the applicant’s primary source of income.

 

 

Applicants must meet at least one of the following criteria:

  • Unemployed and/or not in education or training
  • Currently working part-time (under 16 hours) with plans to transition to full-time self-employment
  • Currently in education but intending to become self-employed within three months of course completion

Find out more information here: Young Person’s Start Up Grant | Business Wales – Big Ideas (gov.wales)

View the latest from DBF here: The Latest – Deeside Business Forum

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