Support for young people to enter self-employment

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.