Support for starting a business with the Princes’s Trusts

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Support for starting a business with the Princes's Trusts

Support for starting a business with the Princes’s Trusts

The Prince’s Trusts work with 18 to 30-year-olds to turn big ideas into a business reality through our Enterprise programme. From training and mentoring support to funding and resources, we’re with you every step of the way.

If you’re 18 to 30, living in the UK and unemployed, or working fewer than 16 hours a week, and have a business idea or some ideas to explore, our Enterprise programme could be for you.

Kicking off with a free information session in your local area, we’ll tell you how we can support you and, if you’re still keen, we’ll also invite you onto our four-day interactive workshop.

You’ll get to meet other like-minded people and have the chance to tap into an business expert, covering everything from business planning and marketing to sales, budgeting and tax.

After this, it’s time to start building your business. We’ll support you to plan and test your ideas and give you the opportunity to apply for funding. That way, you’ll be ready to meet our Business Launch Group at the end of the process.

Once you’ve launched your business, we’ll provide you with an experienced business mentor who will be on hand to share advice every step of the way – for up to two years.

From beauticians and barbers to digital agencies and dog groomers, we think we’ve seen it all. Or have we?

Our aim is to help you become the best business owner you can be. Here’s how we do it. Our Enterprise programme helps 18 to 30-year-olds turn their big ideas into a business reality. With so much advice, guidance and support on offer for budding entrepreneurs, the programme is broken down into four stages:

Stage 1: Meet the team

Attend a free information session to find out what our Enterprise programme involves and how we can support you.

Stage 2: Explore

Come along to our free four-day workshop, which could even land you a Level 1 Award in Exploring Enterprise.

Day 1: An inspirational talk from a business expert, giving you the chance to think about your personal goals and skills. We’ll also spend some time discussing personal finance and exploring legal structures.
Day 2: What’s a great business idea without a plan to promote it? We talk marketing and selling.
Day 3: Let’s focus on finance, including dealing with HMRC, pricing and managing your money in a business.
Day 4: There’s no time like the present to begin thinking about business plans, so today you’ll start to consider your next steps.

Stage 3: Building your business

To plan and test your business idea, we’ll give you flexible one-to-one support to get started with market research, writing your business plan and considering finance. You could even gain a Level 2 certificate once your business plan is finished.

This is the time we’ll also tell you more about ‘Will it Work’ grants of up to £250 to test if your business is viable.

Stage 4: Launch

Ahead of your launch, you’ll present your business plan to our Business Launch Group whose job it is to ensure your idea is viable and sustainable.

Don’t worry, there are no dragons here. It’s designed to be a positive experience for you – and to ensure there are no weak points in your plan. If approved*, your mentor will support you for two years and you’ll get to enjoy a range of free and discounted business services support for three years.

There’s also additional start-up finance support if you need it, including:

Low interest start-up loans of up to £7,500, offered through the Start Up Loans Company
Small start-up business grants in special circumstances
If, at any point during the programme, you decide self-employment isn’t for you, it’s not a problem; we can give you six months of mentoring support to help you understand where you want to be.

*It’s never our goal to set anyone up to fail but if the panel decides that your business plan isn’t ready, they’ll give you feedback to help improve it. You can try again or can still choose to do something else with your life – we’ll give you support for six months to help you find what works for you.

For more information, you can email us at lbinternetconsultancy@gmail.com and we will speak to the trusts on your behalf or visit the site for more details.

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