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Submissions open for SWEF Enterprise Fund (United Kingdom)

Deadline: Ongoing

The SWEF Enterprise Fund awards grants to young people in Dorset who are launching a new businesses or running a new business that is within its first two years of trading.

They support applicants with business costs that they would otherwise be unable to afford and that will help the business make a transformational change or take take a significant step forward in its development.

Funding Information

  • Start-up Grants:
    • Start-up grants are for businesses that are not yet trading (looking to start within 3 months of application) or are within a month or two of starting to trade
    • You can apply for up to £500
    • If successful, you can apply for a business grant at a later stage, when your business has shown progression
    • Grants must be spent within one month of receipt of funds.
  • Business Grants:
    • Business grants are for sole traders/limited companies/CICs limited by shares, that have been trading less than 2 years
    • You can apply for up to £2,000
    • Grants must be spent within one month of receipt of funds.

Eligible Uses of Grants

  • Start-up Grants:
    • Equipment that will help achieve increased profit
    • Materials or stock
    • Prototypes and product development
    • Building a website or booking system
    • Training
    • Other business costs that will make a significant impact
    • Ideally, any goods or services to be purchased using the grant should be sourced from UK businesses
  • Business grants:
    • Equipment that will help achieve increased profit
    • Prototypes and new product development
    • Building a website or booking system
    • Training
    • Other business costs that will make a significant impact
    • Ideally, any goods or services to be purchased using the grant should be sourced from UK businesses

Eligibility Criteria (all applicants)

  • You are aged 18 to 30
  • You currently live in the county of Dorset
  • You are facing financial challenges preventing you from developing your business
  • You are launching or running a new business that has been trading for under two years
  • You are either the majority shareholder of the business or all shareholders must be aged 18 to 30
  • You have a business bank account or are setting one up (grants are only paid into business bank accounts)

For more information, visit Dorset Community Foundation.