Aspiring young entrepreneurs can now apply for business grant support thanks to the John Cracknell Youth Enterprise Bank.

The Youth Enterprise and Micro Business Team at Hull City Council has established the funding pot enabling the issuing of Test Market Grants between £350 and £500.

Test Market Grants are for budding businesspeople in Hull and are available until March 2025.

The funding is for those aged up to 29 and who are within their first year of trading or have new business ideas.

Grants are possible from the UK Shared Prosperity Fund courtesy of the government’s Levelling Up partnership.

The deadline for the next round of applications is Tuesday 12 September which will be heard at a panel meeting two weeks later.

Cllr Paul Drake-Davis, Hull City Council’s portfolio holder for economic and business regeneration, said: “The council wants to see young entrepreneurs in Hull thrive in business.

“It’s brilliant that the council can support them through the John Cracknell Youth Enterprise Bank.”

Successful candidates will be encouraged to mentor future young entrepreneurs in Hull and to work in promoting enterprise in schools and colleges.

Further rounds of funding will be available in October and November.

More information on the John Cracknell Youth Enterprise Bank and application forms are available here..

Completed applications must be submitted to charles.cracknell@hullcc.gov.uk by Tuesday 12 September.