The Prince’s Trust and NatWest have launched a £5million grant fund for young entrepreneurs affected by coronavirus.
The Fund is available to entrepreneurs aged 18-30, who can apply for grants and tailored support from today.
Grants can be used to maintain core business operations during the crisis, as well as meet any existing financial commitments, such as paying for essential equipment or settling invoices from suppliers. In conjunction with these grants, the initiative will also offer one-to-one support and guidance to applicants who need it.
To be eligible, businesses must have started up in the last four years and be run by someone aged 18 to 30. Young people who are in the process of starting a business and don’t have any other source of income during the crisis are also eligible to apply for a grant.
Applications can be made at any time.