Cambridgeshire Community Foundation is proud to announce the launch of SWEF grants in Cambridgeshire, offering vital funding to help young people start and grow their own businesses.
Research shows that 79% of young people from disadvantaged backgrounds cite lack of funding as the biggest barrier to starting a business.
SWEF exists to tackle this challenge, providing grants of up to £2,000 to young entrepreneurs aged 18-30 who are taking their first steps in business.
Since its launch, SWEF has awarded over 1,000 grants nationally, with an impressive success rate – 9 out of 10 applicants who reach the interview stage receive funding.
Now, young people across Cambridgeshire will have access to this life-changing opportunity.
Two grant types are available:
- Start-up grants (up to £500) are designed for those in the pre-revenue stage or just starting to trade, covering essential equipment, marketing materials, set-up costs and training.
- Business grants (up to £2,000) support established businesses trading for less than 2 years and generating £500+ per month, funding equipment, marketing and expansion costs that will transform and grow the business.
Michael O’Toole, CEO of Cambridgeshire Community Foundation, commented:
"We're thrilled to bring SWEF funding to Cambridgeshire. Young entrepreneurs face significant barriers to accessing finance, and this partnership will help remove those obstacles for talented, driven individuals across our county. Whether someone is launching a creative venture, a trades business, or a tech start-up, SWEF can provide the crucial funding they need at a pivotal moment."
Nick Robinson, Director at SWEF, said:
"Our vision is a society where every young person has a fair chance to start or grow a business – regardless of background or income. We're delighted to partner with Cambridgeshire Community Foundation to extend our reach and support more young entrepreneurs to achieve their potential."
Young people interested in applying should visit www.cambscf.org.uk/funds/swef to find out more about eligibility and how to apply.
