The Hull City Council’s Youth Enterprise and Micro Business Team has established a funding opportunity known as Test Market Grants. These grants, ranging from £350 to £500, are made possible through the John Cracknell Youth Enterprise Bank. Designed for budding businesspeople in Hull, these grants are available until March 2025 for individuals up to 29 years old who are in their first year of trading or have new business ideas.
The grants are made possible by the UK Shared Prosperity Fund as part of the government’s Levelling Up partnership. The next round of applications is due on Tuesday, September 12, with the panel meeting to review them taking place two weeks later.
Cllr Paul Drake-Davis, the portfolio holder for economic and business regeneration at Hull City Council, expressed the council’s desire to see young entrepreneurs thrive in business. This is why they are thrilled to offer support through the John Cracknell Youth Enterprise Bank. Successful candidates are encouraged to mentor future young entrepreneurs in Hull and assist in promoting enterprise in schools and colleges. Additional rounds of funding will be available in October and November.
For more information on the John Cracknell Youth Enterprise Bank and to access the application forms, please visit here. Completed applications must be submitted to charles.cracknell@hullcc.gov.uk by Tuesday, September 12.