Thinking of starting a new business, or already have one?
Don't know where to start?
Don't worry, there is a lot of support out there for you;

The Prince’s Trust work with 18 to 30 year olds to turn big ideas into a business reality through their Enterprise programme. From training and mentoring support to  funding and resources, they are there every step of the way.

From an independent study that was carried out it was found that 79% of young adults believed that lack of funding is the main barrier for young people.

Consequently, The Prince’s Trust and Innovate UK  have collaborated to launch a new campaign to inspire and support young innovators to turn their business ideas into reality.

The programme – Ideas Mean Business – is open to all 18  to 30 year olds who have innovative ideas that will fix everyday problems, make changes in their community or tackle environmental issues.

A series of 12 regional innovation events  will run through January 2018 to help anyone interested to develop their ideas. The competition will then open in February 2018 with the award package being presented in March 2018.

For more  information about the programme visit The Prince’s Trust website.

As well as the innovation programme there are many other schemes and companied that can help with young start-up companies such as: 

  • UCAS or Making Money

    There has always been a pressure on young people to go to university after they’ve have finished school or college. It has become almost an automatic reaction for students to apply to university either  because it’s what friends are doing or the higher form of education provides a ‘security blanket’ for a further  3 years or even longer depending on the degree.

    However, now there is so much more support for young people who want to become business owners which now  gives young adults options and the confidence and the finances that are needed to take the first steps in creating a business.

    In an article from the Independent it shows examples of two young entrepreneurs that instead of taking the UCAS route and now have flourishing businesses that continue to thrive.

    To read the full article click here.

  • Start Up Loan Company

    The Start Up Loan Company provides start-up companies with affordable financial and general help.

    The offer government-backed personal loan available to individuals looking to start or grow a business in the UK.

    As well as finance they also offer up to 12 months of mentoring support and access to a range of different business offers.

    For more information and the application form visit the Start-Up Loan Company

     

     

  • Mentoring

     

    Mentoring can help give your new business the guidance it needs from a more experienced business professionals.  

    MentorsMe

    MentorsMe is the online gateway to locate a business mentor to help you with your enterprise.

    The free site offers business access to a list of quality-assured business mentoring organisations across Britain.

    An easy-to-use search engine allows businesses to  refine their searches according to the life stage of their business and their location in Britain.

    They work with other organisations such as The Prince’s Trust, Enterprises Women and Let’s do Business Group to bring the best mentors for you.

    The objective is to help businesses find a mentoring organisation to suit their needs both quickly and efficiently.

    To find out more about this visit the MentorsMe website.

     

  • Young Entrpreneurs Forum

    The Young Entrepreneurs Forum allows like-minded young adults connect and talk to others who have the same questions or ideas as you.

    From simply introducing yourself and your business to help and advice on marketing and branding. Whatever your query or problem find alternative solutions there.

    Watch the following video to find out more about the help and advice Young Entrepreneurs Forum offers:

     

     

  • Allia Serious Impact Accelerator

    Join a cohort of like-minded impact entrepreneurs with new business ideas tp launch and new ventures to grow

    Build, develop and consolidate your knowledge and skills with expert help for great teams and individuals.

    They work with you in key areas of sales and marketing, operations  and finance to develop and action the right plans to get your idea ready to launch.

    How does it work? 

    The Accelerator provides structures support over 8-10 weeks including:

    • Three 1 day pillar sessions: Sales and Marketing, Operations  and Finance
    • Tactical short courses  to help you fill in ant gaps
    • Regular 2 hour review sessions with the group
    • Bespoke one-to-one support from our experienced business advisors

    What does it cover? 

    Sales and Marketing

    • Proposition, brand and positioning
    • Customer segments and targeting
    • Messaging, conversion and pitching

    Operations

    • Structures,  shareholdings, responsibilities
    • Tax, legals, IP and registrations
    • Policies, staffing and systems

    Finance

    • Business models, income and expenses
    • Financial planning and cash flow management
    • Funding options

    Who is eligible? 

    Spaces  are open to individuals and teams who can show that their idea has the potential to make a positive impact on people, planet or place and that they are ready and committed to making their business success.

    Successful applicants must commit to attending at least two pillar sessions  and each review session as a condition of enrolment.

    It is completely free and begins in January 2018.

    Find out more by visiting the Serious Impact website.

     

  • Innovate Loans

    Innovate loans are a financial product offered by Innovate UK. They are for UK businesses that want to scale up and grow through innovation, developing new or improved products, processes or services.

    The loans are for late-stage research and development projects only. A late-stage R&D project is one which builds on a new idea but has not yet reached the point of commercialisation.

    You can use a loan to finance a late-stage research and development project categorised as experimental development.

    Experimental development includes:

    • producing plans, arrangements and designs for your products, processes or services
    • developing commercially-usable prototypes and pilots
    • experimental production and testing of products, processes and services

    To be apply for an innovation loan you will need to successfully apply into one of the Innovate UK loan competitions. You could borrow between £100,00 and £1 million to cover up to 100% of your eligible project.

    To find out more please visit the Innovation Loans website here.

     

  • Young Innovators Support Programme Launched

    Innovate UK and the Prince’s Trust have launched a new programme to support young people with innovative business ideas. The Young Innovators programme will provide coaching and mentoring to help people aged 18 to 30 to develop innovative business ideas that could better their local community, use technology to solve an everyday problem or tackle an environmental issue.

    Participants will also receive an allowance to cover time spent working on their idea, as well as funding for business activities such as travelling to meet customers. The Prince’s Trust is running a series of regional events in February and March that will provide more information about the programme. The first deadline for applications is 1 March 2018.

    For further information, go to:
    https://www.gov.uk/government/news/young-people-with-great-business-ideas-apply-for-support