Will the Minister confirm a) the uptake of the Young Person's Start Up Grant and b) the average grant awarded to applicants?
Answered by Minister for Economy | Answered on 09/08/2023
Since its launch in July 2022, 1,036 young people have expressed interest in the Young Persons Start-up Grant, as part of a bespoke package of support for young people exploring self-employment.
To date 281 grants have been approved with the average grant totalling £1,865. The grant has attracted 54% females, 86% unemployed, 9% Black, Asian and Minority Ethnic and 10% disabled young people under 25 to access the grant and associated business support to help them start a business.