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Funding support for Young Entrepreneurs in the Dartmoor and South Devon Coastal areas
A new project aims to help young entrepreneurs to set up new businesses or to develop an existing business.
New funding of between £2,000 and £10,000 for up to 40% of the project costs is available to help young entrepreneurs in the Dartmoor and South Devon Coastal areas.
The incentive is aimed at young people who have a strong business idea but need funding and advice to get it off the ground.
And it comes with up to one day of one to one advice worth £400 tailored to the particular business needs.
Around one in five young people in the UK is not in work, education or training. Youth unemployment costs the UK economy £10 million a day in lost productivity, while youth crime costs £1 billion every year.
Fiona Edwards of the economic regeneration company, DR says; "There is a growing need to offer additional support to young people if we are to have great British entrepreneurs in the future.
"Young people have seldom had such a harsh economic and social environment in which to risk setting up their own new business venture. We want to encourage our potential high achievers to complete their economic activity in Devon and try to halt the flow of our bright young people out of the county to larger economic centres."
With fast transport networks, improving broadband and an exceptional quality of life in the county, Devon is renowned as one of the best places to live and work in the UK.
The funding will support all types of business ideas but relies on the young person demonstrating that their business idea is sound and that they are capable of running a successful enterprise.
Funding is limited and so if you are interested in applying you would be advised to contact Fiona soon.
If you are between 16 and 30 and are interested in applying for funding to set up or grow a business please contact Fiona at the DR Company on [email protected] or 01837 658643.
The project has been developed by the DR Company and is being supported by BIP, a leading Enterprise and Business Support agency.
The majority of the funding comes from the Greater Dartmoor Local Enterprise Action Fund (LEAF) and the South Devon Coastal Local Action Group (LAG) and is part financed by the European Agricultural Fund for Rural Development: Europe investing in rural areas.
Go to www.DRcomapny.co.uk to find out more.
The DR Company is a private, not for profit, regeneration company that works across the South West.
The incentive is aimed at young people who have a strong business idea but need funding and advice to get it off the ground.
And it comes with up to one day of one to one advice worth £400 tailored to the particular business needs.
Around one in five young people in the UK is not in work, education or training. Youth unemployment costs the UK economy £10 million a day in lost productivity, while youth crime costs £1 billion every year.
Fiona Edwards of the economic regeneration company, DR says; "There is a growing need to offer additional support to young people if we are to have great British entrepreneurs in the future.
"Young people have seldom had such a harsh economic and social environment in which to risk setting up their own new business venture. We want to encourage our potential high achievers to complete their economic activity in Devon and try to halt the flow of our bright young people out of the county to larger economic centres."
With fast transport networks, improving broadband and an exceptional quality of life in the county, Devon is renowned as one of the best places to live and work in the UK.
The funding will support all types of business ideas but relies on the young person demonstrating that their business idea is sound and that they are capable of running a successful enterprise.
Funding is limited and so if you are interested in applying you would be advised to contact Fiona soon.
If you are between 16 and 30 and are interested in applying for funding to set up or grow a business please contact Fiona at the DR Company on [email protected] or 01837 658643.
The project has been developed by the DR Company and is being supported by BIP, a leading Enterprise and Business Support agency.
The majority of the funding comes from the Greater Dartmoor Local Enterprise Action Fund (LEAF) and the South Devon Coastal Local Action Group (LAG) and is part financed by the European Agricultural Fund for Rural Development: Europe investing in rural areas.
Go to www.DRcomapny.co.uk to find out more.
The DR Company is a private, not for profit, regeneration company that works across the South West.
