AGED 18-30 & HAVE RECENTLY STARTED A BUSINESS AND NEED FUNDING?
We are working in partnership with SWEF to provide two different business grants to young entrepreneurs, that are aged between 18-30 across Greater Lincolnshire
SWEF Start- Up grants
These grants are for individuals whose business is still in the start-up or pre-revenue phase and are are yet to make any income or sales. This grant provides up to £500 to cover essential costs as you turn your business idea into reality. The funding is to cover initial costs such as essential equipment, materials, stock, website building, product development and training.
You can find out more information on this programme here.
SWEF Established Business grants
These grants are for individuals whose business has already started trading and is less than 2 years old. You can apply for up to £2,000 to support growth and development. This funding can be used for expanding operations, upgrading equipment, or other business needs that will help increase your revenues.
You can find out more information on this programme here.
How do I apply?
Please complete the application form and send your business plan, 12 months sales forecast and 12-month cashflow forecast to claire@lincolnshirecf.co.uk where it will be saved alongside your application.
We may also invite you to an online meeting to tell us in more details about your business. If this is the case, we will email you to arrange a date and time.
If I’m successful, what will happen next?
If you are awarded a grant, it will be paid directly to you by bank transfer, this will need to be paid to a business bank account, either in your business or sole trader name, if you are unable to provide this you will need to let us know why.
You MUST spend your grant within 1 year and provide feedback at 6 months and 12 months after you received the grant offer. We’ll tell you more about that if you are successful.
We may ask for further information, evidence to confirm the information within your application, or the contact details of a referee. A referee is a person who can tell us about your character or abilities and can confirm your circumstances. This might be a tutor, or someone who you have worked for. If we would like you to provide further information, evidence or a referee we will ask you.
What do you do with my application?
We’ll email you to confirm we have received your application once you have submitted your form online. If we have any further questions or need additional information a member of our Grants Team will be in touch within two weeks.
We use a platform called Plinth to collate our applications, full details of how we use and store your data can be found on our privacy policy.
Lincolnshire Community Foundation and SWEF will then decide who to invite to a meeting to discuss their application further, and then to whom we’ll award grants, taking into consideration:
- whether or not you meet the criteria for the fund (rules)
- the plan for your business
- how a grant would help you to start that business and/or make it more successful.
We will let you know the outcome of your application within 2 months of the application being submitted to us.
If you have any questions, then please email on claire@lincolnshirecf.co.uk but you can also call on 07534 693652 | 01529 305825.
