Skip to content

Support for young people to enter self-employment

Related Links

New Jobs Growth Wales figures from the Welsh Government show the EU-backed programme has now helped 27% of young people who have taken part in the programme onto an apprenticeship

The young entrepreneur Bursary is part of the Welsh Government’s Jobs for Growth Wales Fund and has been developed to support start-up ideas from young people.

The discretionary Bursary is £6,000 paid over a four month period. This is a taxable grant paid gross by the Welsh Government, and must be entered into the business account as ‘income’.

Eligibility

  • Applicants must be between the ages of 18–24 at the time of applying for the award and falls into the Not in Education, Employment or Training (NEET) category.
  • The Young Entrepreneur Bursary is intended for businesses that have not started trading and are due to start their business within two months of the award being approved.
  • The applicant is registered and receiving one to one business advice and mentoring through an approved business support provider.
  • Applications need to be supported with a business plan and show that the business is sustainable.

To apply

If you are already receiving support from a Welsh Government Business Start Up Provider then speak to your adviser.

If not telephone 03000 6 03000 for information.

Note: The award is discretionary and other approval criteria may apply.