Business Launchpad Bursary
Page updated on: 12/04/2024
Introducing the Carmarthenshire Business Launchpad Bursary!
As part of their ongoing commitment to economic development and supporting local entrepreneurs, Carmarthenshire County Council are delivery the Carmarthenshire Business Launchpad Bursary which is funded by the UK Government’s Shared Prosperity Fund.
The aim of the bursary is to create the opportunity for local entrepreneurs to test their business ideas before the formal creation of a new business. Through a period of test-trading, entrepreneurs can refine their products or services and understand market demand without the financial risk.
Applicants will have access to support with developing a business plan and making financial projections for the business.
About the Bursary
The Carmarthenshire Business Launchpad Bursary is a fully funded payment of up to £1,500 available to any Carmarthenshire-based individuals over the 18 who are interested in test-trading a business idea.
Applicants must provide a breakdown of expenditure, including cost and name of supplier(s) with supporting quotes. Use of Carmarthenshire-based suppliers is encouraged wherever possible.
All reasonable expenditure will be considered on a case-by-case basis and decided on at the discretion of the Economic Development Team.
Applicants must attend a ‘Start-up Workshop’, organised by Carmarthenshire County Council, that will support the production of a suitable business plan and cashflow forecast. The workshop will be delivered by a local business specialist.
Successful Applications Will Be Subject to The Following Conditions:
100% of the award will be released upfront.
Evidence of the expenditure outlined in the application must be provided within 2 months of the Bursary award date.
Evidence of test-trading activities must be provided within 6 months of the Bursary award.
An extension to both deadlines mentioned above may be applied for with reasonable explanation and such cases will be decided on at the direction of the Economic Development Team.
Full terms of the Bursary can be downloaded from:
To submit an Expression of Interest (EOI), please download the form below, and return it to: BusinessEngagement@Carmarthenshire.gov.uk
An Economic Development Officer will review your EOI and make contact within 5 working days.
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