January 30, 2024 - 557 views
If you are thinking about starting a business in Conwy or along the North Wales coast, you might be interested in a new grant which is now available.
The Barriers to Start-up Grant for 25-year-olds and over is a discretionary grant provided by Welsh Government to provide financial assistance for individuals who have barriers to starting up a business in Wales.
The aim of the grant is to enable economically inactive and unemployed individuals aged 25 years and over to start up a business in Wales and will particularly target individuals that are facing barriers to business start-up and the employment market.
A grant of up to £2,000 is available to help individuals with the essential costs of starting the business. In providing this grant the Welsh Government is making an investment in you and your business proposal.
In accessing the funding, you will receive start up support and will need to demonstrate within the application the viability of your start up business and proposed income.
The grant can be used for revenue expenditure only. This means only expenditure that will appear in your Business Profit & Loss Account is eligible.
The eligibility criteria for this grant are:
- You are economically inactive or unemployed
- You are looking to start up a self-employed business in Wales
- You have a viable business proposal that will provide sufficient personal income
To find out more and to apply please click here.
