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YOUTH ENTERPRISE - FUNDING PAGE


We are dedicated to providing you with the latest information on possible local streams of funding available for your business. There are three options available for obtaining finance:

A grant is a sum of money paid to an individual or business for a specific purpose or project.
A loan will require repayment. Interest will also be charged in many cases an arrangement fee may be applied.
Equity finance is a way of raising share capital from external investors in return for handing over a share of the business.

Why not browse through our list of funding providers in the Hull area and see whether they could help you finance your business idea.

The John Cracknell Youth Enterprise Bank.
This fund is for young people of Hull aged 13 to 25 years old. It offers grants of up to £1,000 for individuals or groups of young people who need finance to help make their idea happen.

More ......
New Entrepreneur Scholarship.
The New Entrepreneur Scholarship is for anyone aged 18 upwards. You can be employed, unemployed or a part time student with a viable business idea residing in a deprived area of Hull. Upon completing a full business support programme you can go onto apply for upto £1500 funding towards the cost of setting up a new business.
For more information contact Maureen Foers on 0870 755 0513 or visit the NES website.

Shell LiveWIRE.
Shell LiveWIRE encourages young people aged 16-30 to see starting up a business as a desirable and viable career option. Call 0845 757 3252 for a free business start up information pack tailored to your business idea and receive local, one-to-one advice. More .....

Acorn Fund.
Your enterprising idea might be entitled to receive a loan up to £10,000 - £15,000 for new companies less than 18 months old or a maximum grant of £5,000. For further details visit www.hullbdf.com.

Sirius.
Sirius is a registered Enterprise Agency created and supported by BP at Saltend. They can offer business loans for start-ups and business expansions in the Hull and Holderness areas. Sirius will help you to produce a business plan if necessary. More .....

Youth Opportunity & Capital Funds
The Youth Opportunity Fund is money to spend on things to do. In Hull, you can apply for a small or large youth opportunity fund - of £100-£500, or £500-£2500.
The Youth Capital Fund is for places, equipment and building things. You can apply to the youth capital fund for £150-£5000. More .....

Hull City Council - Grants to Arts
Grants are awarded of up to £200 at any time or up to £2600 at two deadlines every year to assist the development of artistic activity within the city of Hull.

Contact: Samantha Sumerfield (01482) 616876.

Hull Skills Fund
The aim of the fund is to help raise the level of skills of Hull’s workforce. If you're an employer and are interested in the fund, you'll need to pay about half the cost of the training. Small/medium enterprises based in Hull (HU1 – HU9) with a workforce of up to 500 employees or Hull residents employed by small/medium enterprise can apply for funding. There is a limit of £2,000 of funding available per employee. More .....

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