Thinking of starting a business


Published on

Published in: Business, News & Politics
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Thinking of starting a business

  1. 1. Corporate slide master Welsh Government With guidelines for corporate presentations Thinking of Starting a Business? Overview
  2. 2. If you have an idea that you want to develop into a business, we can help you get started and improve your chance of success You can get a range of services from Welsh Government to help you start and grow your business, including: •locally run introduction sessions to get you thinking about running your own business •a range of business skills workshops to help you build and plan your business •face to face advice surgery sessions with professional business advisers •on going one to one business advice to develop your business idea and support you once you have started trading •enhanced support to help if you have a business with the potential to grow and employ staff. •information on the sources of finance
  3. 3. Welsh Government also offers a number of bursaries: Start Up Bursary • For recent graduates (NVQ4 or above) If you have recently graduated (NVQ 4 or above within the last 7 years) and you have registered with the Start Up service, you may qualify for a discretionary £6,000 graduate bursary, conditions apply;  your business has a viable business plan  have a turnover in excess of £80,000 per annum  you expect your business to grow by 20% year on year for the first three years of trading and employ staff If you are already receiving support from one of our start up providers then speak to your adviser.
  4. 4. Welsh Government also offers a number of bursaries: Young Entrepreneur’s Bursary • For young people aged 16 to 24 If you are a young person (between the ages of 16 – 24) and looking to start up a business, you may qualify for the Young Entrepreneur's Bursary. This is a taxable sum of £6,000 paid over a 4 month period and is supported by business advice. You may qualify if:  you are between the ages of 16-24 at the time of applying for the award and are not in education, employment or training  you have not started trading and are due to start your business within two months of the award being approved  you are registered and receiving one to one business advice through the Welsh Government's Business Start Up service  you have a business plan and show that the business is sustainable.  This award is discretionary and you may have to fulfil other requirements If you are already receiving support from one of our Welsh Government business start up providers then speak to your adviser
  5. 5. The Welsh Government also offers Start Up Loans • Loans are available to entrepreneurs, whose business is under 12 months old. • The start-up loans scheme offers low cost, unsecured loans of between £1,000 and £25,000 (the average loan is £4,500) at a fixed interest rate, currently 6%. • Loans are to be paid back within 5 years (the exact loan period to be agreed). Capital repayment holidays are available, but interest must be covered monthly throughout.
  6. 6. Start Up Loans continued • Advisers at the Welsh Government's business start-up service will help you develop your idea, and help you pitch for a loan to a business panel. • If your application is successful, your adviser will provide on-going mentoring and other business products to give you the best chance of success.
  7. 7. Further support to help you participate • You may also be eligible for further support to help you overcome practical barriers to starting a business. This could include: • care requirements • disability • Language If there are reasons which might be preventing you from taking full advantage of the start-up service, we might be able to help. The help offered will depend on your individual needs which could include: • caring responsibilities • start-up course materials provided in a different format • sign language interpreters For more information, call 03000 6 03000
  8. 8. Where do I go for more information? • Visit us at • Call our helpline on 03000 6 03000 • Our Helpline is open between 8.00am and 6.00pm, Monday to Friday, other than public holidays • Connect with Business Wales on Facebook, Twitter, Youtube & LinkedIn