Better Off in Business (Princes Trust)

What is the Business Support?

This programme helps young people aged 18-30 to explore and test their business ideas, write business plans and start their own businesses or achieve alternative goals in education, training or work.

•  Advice on employment options
•  Business skills training
•  Business planning support
•  Start-up loan funding (subject to assessment and availability)
•  Ongoing support from a volunteer business mentor
•  Access to specialist support, including free legal helpline supported by DLA Piper
•  And, if you start a business, access to a wide range of free and discounted products and services.
• Small start-up business grants are also available in special circumstances.

Note: Participation in the Enterprise Programme does not guarantee that start-up funding will be awarded. Applications for start-up funding are assessed in relation to a number of factors including perceived risk, business viability and individual need. Availability of this programme is subject to local funding restrictions.

 

Restrictions

To access the programme customers must be aged 18 - 30.

What could it do for your company?

Training to give you a taste of what you need to know and how to start your own business. One-to-one support via online webinars to help you explore and test your idea and turn it into a business plan. Support to apply for a low interest loan of up to £25,000 to help you to start your business (dependent on funding available). Mentoring to help you develop your business or access other opportunities in education, training, work or volunteering.

Who runs it?

Princes Trust.

How to find out more?

Go to the Princes Trust website to find out more.

What is the loan available for?

The loan is available for capital start up costs.

Capital or Revenue or Both?

Capital costs.

Any eligibility criteria?

You must be aged 18 - 30 to access this programme and loan.

What loan amounts are available?

Up to £25,000 and grants up to £5,000. 

What are the loan terms?

6% interest with the loan repayable up to five years.