The Welsh Government’s Covid-19 commitment, put in place a programme of employment and skills support to help people back to work.
Part of this programme includes additional support for individuals considering self-employment. In addition to the existing start-up service, a grant to support unemployed individuals that face greater economic barriers to starting a business is being made available. This discretionary grant will help up to 600 individuals become self-employed or start a business, between December 2020 and March 2021.
The grant will be open to all unemployed individuals, however priority in allocating funding will be given to those most affected by the Covid-19 outbreak:
- Women
- Disabled people
- People from BAME backgrounds
- Young people not in education or training (NEETS) aged 18-24 or a College and University leaver in 2019 or 2020
Individuals will be able to apply for up to £2,000 to contribute towards the essential costs of starting a business.
The grant will be managed through the Business Wales service.
The fund will open for applications on 1 December 2020.
For further information please visit the Business Wales Barriers Grant pages.