Following the pandemic, the Welsh Government is committed to helping young people in Wales under the age of 25, reach their potential with support to gain a place in education, training, help to get into work or become self-employed.
The Young Person's Start Up Grant has been developed as part of our commitment to the Young Person's Guarantee. To make sure we understand the needs of young entrepreneurs, we have held conversations with young people through the Youth Voice and our Youth Agents who told us that accessing finance, business knowledge and confidence remain key constraints to starting a business.
Big Ideas Wales want to help you overcome these challenges and will play a key part in delivering support for young people to become self-employed. This will help you learn about business, work with an adviser to prepare for self-employment and potentially access a financial grant to help you start up.
The Young Person’s Start Up Grant will be available up to 2025 to enable young people not in education, employment or training to start their own business, create a social enterprise, become self-employed, a freelancer or social entrepreneur in Wales.
A grant of up to £2,000 is available to help young people under the age of 25, living or returning to Wales to become self-employed.
A link to the Expression of Interest form will be available on the Big Ideas Wales website from the 12 July 2022 (Young Person's Start Up Grant | Business Wales - Big Ideas (gov.wales).
For those aged 25 or over, please refer to the Barriers to Start-up Grant for 25-year-olds and over.