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Tuesday, 15 March 2022
Vale of Glamorgan
The Council has set an ambitious target of 50 new businesses being established through the scheme. Grants of up to £5000 will be available to help cover the cost of starting a new enterprise. This will be the fourth such scheme the local authority has operated in recent years, with 75 enterprises having been established as a result.
Cllr Lis Burnett, Deputy Leader of the Council and Cabinet Member for Education and Regeneration said: “Economic development and job creation have long been a focus for this Council and our new bursary scheme is yet more evidence of that. “Previous rounds have been targeted at young people aged 18-30 but we know there are people of all ages across the Vale with brilliant ideas for new businesses. It's always a joy to bump into people who were supported in previous rounds and I hope there will be many more success stories in the future. “With so many opportunities opening up as a result of the Council’s regeneration work there has never been a better time to be doing businesses in the Vale of Glamorgan and I am excited to see what our 50 new start-ups will bring.”
Cllr Lis Burnett, Deputy Leader of the Council and Cabinet Member for Education and Regeneration said: “Economic development and job creation have long been a focus for this Council and our new bursary scheme is yet more evidence of that.
“Previous rounds have been targeted at young people aged 18-30 but we know there are people of all ages across the Vale with brilliant ideas for new businesses. It's always a joy to bump into people who were supported in previous rounds and I hope there will be many more success stories in the future.
“With so many opportunities opening up as a result of the Council’s regeneration work there has never been a better time to be doing businesses in the Vale of Glamorgan and I am excited to see what our 50 new start-ups will bring.”
The Council has allocated up to £159,0744 to fund the scheme, with an additional £60,000 coming from the Waterloo Foundation.
Anna Rees, Wales Fund Manager for the Waterloo Foundation, said: “The Waterloo Foundation is delighted to once again support the Vale of Glamorgan Bursary Scheme which aims to help people start their own business. We hope more budding entrepreneurs will take advantage of the scheme, and the wider business opportunities it offers, as they are helped on their journey to self-employment.”
The bursary scheme will open to applicants from 01 April 2022. More information on how to apply will be available on the Council's website from this date.