It’s come a long way since it was started back in 1976.
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Self-employed startup grants include: Available for anyone aged 18 or over, this type of startup funding may be available if you or your partner get Universal Credit, Jobseeker’s Allowance or Employment and Support Allowance, or if you get Income Support and you’re a lone parent, sick or disabled.
Get the public to fund your new business idea by asking them to pre-order your product, buy equity in your company or contribute towards a low-cost loan. You may find some types of funding specific to your area of the country or your area of expertise.
The Enterprise programme is available both face to face and online, and gives you the chance to see if running a business would work for you.
If you don’t meet the criteria for Prince’s Trust funding, there are a number of other sources of funding for young entrepreneurs.
Launching a startup is a big challenge to take on at any age, but working out how to start a business at a young age can be even harder.
For starters, you don’t have that valuable life experience behind you, meaning you won’t have made – and learned from – the mistakes that many older new business owners will have made. But all’s not lost – you’ll have youthful optimism and possibly more willingness to take a risk on your side, especially if you don’t have dependents and other responsibilities to consider.
As a small business, you can use the vouchers, along with your local community, to contribute to the installation cost of a gigabit-capable connection.
The scheme lets you claim up to £2,500 against the cost of connection, either individually or as part of a group project.
Let us know about your experience of applying for new business funding in the comments below.
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