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SWEF Enterprise Fund

The SWEF Enterprise Fund awards grants of up to a maximum of £2,000 to young people in Gloucestershire for support with business start-up costs.

deadline

Ongoing

grant amount

£2,000

current status

Open

Guidance

The SWEF Enterprise Fund invests in the business initiatives that young people in Gloucestershire are taking to direct and improve their lives. Grants of up to a maximum of £2,000 are awarded to young people in Gloucestershire who need support with business investment that they would otherwise not be able to afford, and particularly to those who are not in education, employment or training.

The more steps you have taken to start or grow your business, the more likely you are to receive a grant.

Eligibility

You can apply if you:

  • Are aged 18 to 30
  • Currently live in the county of Gloucestershire
  • Are from a low income household or facing other challenges preventing you from developing your business
  • Have been trading for under two years (including those about to start a new business)

Application Process

If you meet the above criteria you can apply for a grant of up to £2,000, regardless of your background or how well you did in education. The grant can be used for equipment, materials, stock or services you need in order to get your business running or support the development of the business. You cannot apply for your salary or living costs.

Please read SWEF Enterprise Fund Funding Criteria 

Applications will be assessed based on whether they are a start up business or an existing business.

  • A start-up business is considered as very early stage or pre-revenue companies. For start-up businesses the maximum award is £500. If you apply and are awarded a grant of £500 or less and your business is successful, you can re-apply for a second grant of up to £1,500 at a later stage. Please apply:

SWEF Application Form for start-ups

  • Existing businesses are considered as companies trading for less than 2 years. For existing businesses the maximum award is £2,000. Please apply:

SWEF Application Form for businesses

We need you to tell us about your business in your application form, and how a grant would help you to make it more successful or support start-up costs. Please provide a breakdown of specific costs to help us understand how you would use the grant, with weblinks/formal quotes. Avoid general terms like ‘marketing’ that do not provide enough detail about how you will spend the grant.

Please complete all the questions on the application form.

We also need a reference to support your application. Your referee should be a person who can tell us about your character or abilities and can confirm your circumstances. It might be a tutor, support worker or someone who you have worked for.  You will need to ask your referee to complete a reference form and return it to us.

If you have any questions, please get in touch with us by emailing operationsmanager@gloucestershirecf.org.uk

Read more about our successful applicants.

How to apply

Please make sure you have read the guidance before you apply.

To apply, please:

What happens next

  • We will confirm that we have received your application within 5 working days.
  • We aim to contact you within the following 3 weeks after discussing your application with colleagues at the SWEF Enterprise Fund. You may be invited to meet with us (usually online) to discuss your business in more detail. If this is the case, we will email you to arrange a date and time.
  • We aim to make a final decision within 6 weeks.
  • If you are awarded a grant, we will need a copy of your recent business bank account. Your grant will be paid directly to you by bank transfer.
  • You need to aim to spend your grant within 1 month of receipt of funds and provide feedback 6 months and 12 months after you received the grant.

All those awarded a grant will have an opportunity to take part in a business forum with other grant recipients to exchange ideas, experiences and questions. One to one business mentoring may also be possible, provided by a relevant local agency able to provide this.