Essex County Council is launching a new business support scheme for young entrepreneurs in Essex, who are looking to start their own business.
Launching later this month, the Essex Young Entrepreneurs Network will provide young entrepreneurs the opportunity to start their own innovative business; offering an alternative to the direct employment route and inspiring young individuals who may be underachieving in mainstream education, or are working in non-skilled jobs to use their talents for enterprise.
The Essex Young Entrepreneurs Network will offer sign-posting, mentoring, business advice and financial support, with several options that can be explored:
1. Grants from £500-£2,000
2. Loans from £200-£2,000
3. Venture capital investment from £2,000-£5,000
The network will also provide a reference guarantee service for those who are signed up to support.
If you live in Essex * are aged 16-30 years, with the commitment, passion and drive to succeed and a great business idea then why not apply? Applications will be accepted if you are looking to start your own business or are within the first 6 months of starting up., Applications for the Essex Young Entrepreneurs Network are via a short video in the first instance so no massive forms to fill in! , Videos will be reviewed by a panel of business experts and peers.
All applicants will be referred to the most appropriate source and will receive tailored support to help develop and grow their ideas.
Essex County Council has previously supported young entrepreneurs through a partnership with Prince’s Trust, resulting in successfully launching new and innovative businesses in the county.
One such company that received our support is Vurchoo Jewellery; they have a stunning, contemporary jewellery range, all designed by Alex Angel-Benscher using precious metals. Alex works with school children in developing countries around the world getting them to draw pictures of the things closest to their heart. With great success since launching in 2013, Vurchoo is currently stocking jewellery in stores all around Essex including Leigh-On-Sea, Chelmsford, Wickford and Brentwood.
Alex was announced as a finalist in the 2016 UK Jewellery Awards for Ethical Business of the Year, as a portion of the profits goes back to the schools which inspire the range. He was also selected as a Rising Star -30 under 30 2016 in Retail Jewellery Magazine.
“I needed help with starting a business and finding funding, as being made redundant twice in 6 months a couple of years before made me reconsider my life choices.”
As a result of the financial and expert support, Vurchoo is excelling, with 10 stockists around the UK and rising.
For more information regarding the Essex Young Entrepreneurs Network and how to apply, please contact EIP@essex.gov.uk
*You must live in the Essex authority area to be eligible for financial support