Next Generation is aimed at empowering 18-24-year-olds from disadvantaged backgrounds to start and grow their own business. The programme is part of the UK’s £220m Community Renewal Fund, an important plank of the Government’s Levelling up agenda. The scheme will deliver a free StartUp bootcamp open to applicants from across the city. From there 100 budding young entrepreneurs will be selected for 10 weeks of training, one-to one mentoring, a pop-up on Oxford Street and a grant of between £750 and £10,000.
The Next Generation Hub will launch in February and provide free training, events, bite-sized information, access to advisers, peer groups and access to funding. Those taking part will also receive monthly meetings with an Enterprise Manager to provide support and ensure mental wellbeing alongside the opportunity to showcase their products to customers and potential buyers in the Oxford Street store. The programme will end with a Graduation Ceremony/Festival to celebrate successes and see participants prepare and present a pitch to with potential further sponsors or retail buyers. The programme will support thousands of young Londoners who are in the early stages of starting a business (Either they haven't begun trading yet or have been trading less than 12 months.) It will be tailored to those who are socially or economically disadvantaged, or who have been adversely affected by the pandemic who might not have easy access to the finance and opportunities needed to go into business for themselves.
Apply for the programme here: https://www.enterprisenation.com/next-generation/