Business Support Initiative for Wales’ Young Entrepreneurs Invites Applications

Funding is available to support young entrepreneurs aged between 18-30 in Wales to start up or grow a new business.

SWEF are working in partnership with Community Foundation Wales to provide business grants of up to £2,000 to businesses that have been operating and have generated income. Start-up businesses (pre-revenue stage, or within a month or two of starting to trade) are eligible for smaller grant amounts, up to £500.

As part of the programme, SWEF provides the opportunity to join a network of peers who are also in the early stage of starting their business to share ideas, experiences and learn.

Priority will be given to applications from groups that are often underrepresented in business, including people on low incomes, women, migrants, ethnic minorities, people with disabilities, and people with few or no formal qualifications.

Grants can be used for the following costs and activities:

• Equipment to increase production or to make production more efficient.
• Equipment that will help diversity revenue where there is proven demand.
• Materials/stock for a new product line.
• Product development.
• Prototypes (not App development costs).
• Training.
• Building a website and booking system.

Grants must be fully spent within one month of receipt of an offer letter.