Princes Trust offers funding to those aged 16-30 who are looking for funding towards education, training or employment. Funding ranges from £150-£250 and can be put towards courses and/or tools and equipment. This funding is only available when joining a course that is level 3 or below. The funding cannot be used for any courses over £500, living costs, costs that have already been paid for or business start up costs. Grants can take 6-8 weeks to process.
Who is eligible?
- 16-30 year olds.
- Those living in the UK.
- Those struggling to access education, training or employment do to a lack of funds.
- Those no longer in compulsory education.
PRINCES TRUST – ENTERPRISE PROGRAMME
The Princes Trust also supports those who are starting up their own business. This programme consists of an initial information session, where information about the programme is discussed. A 2-4 day virtual workshop takes place where you will receive guidance on creating a business plan, taxes, legal structures, budgeting etc. Following this, you will then be linked to your own personal business mentor where you will receive 1-2-1 support as and when necessary.
A grant of up to £250 can be awarded to individuals to help with the start up costs of a business. They also work with Start up Loan companies who can offer up to £25,000 in low interest loans.
Who is eligible?
- 18-30 year olds
- Those living in the UK
- Those who are able to attend the virtual sessions
- Those starting a new business that has been trading for less then 2 years
The Skinners Company offer grants to young people in England and Wales if they come from a low income background to help them gain vocational, accredited qualifications.
Grants up to £1,500 are offered to those age 16-26, to take courses up to level 3 to help the gain employment.
Funding is an option if you are:
- Aged 16-26.
- Living and studying in England and Wales.
- A British citizen, or have Indefinite Leave to Remain in the UK.
- Taking an accredited, vocational training course up to level 3.
- From a low income household as follows:
Those with fewer existing qualifications, little or no past work experience and lower income households will also be prioritised.