SWEF Enterprise Grants for Individuals

SWEF offers grants up to £2,000 for adults aged 18-30 who have a new business trading for less than 2 years. This program is designed to support young business owners who face barriers to investing in and growing their businesses in Hampshire, Southampton, Portsmouth, and the Isle of Wight. The program offers two types of grants: Start-up Grants (up to £500) for businesses turning over less than £500 a month, and Business Grants (up to £2,000) for businesses turning over £500+ a month. Applicants must be the majority shareholder of their business, have a business bank account, and be a sole trader, limited company, or CIC limited by shares. There must be a clear intention for the business to be the applicant's sole work focus, and the grant must be used to transform the business and take it to the next stage. This is not a loan scheme and does not need to be repaid. The program prioritizes funding for young people who face financial challenges preventing them from developing their business. The application process involves completing an online application form that asks about the applicant's business and how a grant would help make it more successful or help take the business to the next stage. Application support is available for those who need help completing the form.