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External Funding Service

Funding opportunities for businesses

Fund: AGE Grant 16 - 24

Deadline: End of March 2013

Information: The AGE 16 to 24 year olds is aimed at helping eligible employers to offer young people employment through the Apprenticeship programme, by providing wage grants to assist employers in recruiting their first apprentice. Enterprise M3 has been given an allocation of 285 grants to utilise with their contacts before the end of March 2013.

The National Apprenticeship Service will provide up to 40,000 Apprenticeship grants to small/medium sized employers recruiting 16 to 24 year olds with a value of £1,500 to encourage new employers to take on new apprentices. The £1,500 is in addition to the training costs of the Apprenticeship framework which are met in full for young people aged 16 to 18 and 50% for those aged 19 to 24. Large employers (more than 250 employees) are not eligible for support through this initiative. But we do want to encourage take up within their small-medium enterprises (SME) supply chain.

It is expected that most employers will want to access AGE 16 to 24 to support the recruitment of one apprentice. However subject to budget availability and the employer’s commitment to support the apprentice to the end of their programme, up to 3 grants can be made to any one employer. However, the employer must commit to the total number of apprentices they wish to take on through the grant at the upfront agreement stage.

To check if you are eligible and to apply for AGE 16 to 24 you can:

Fund: Barclays Get Ready for Business

Deadline: Applications can be made at any time

Information: Ready for Business is a new enterprise start-up programme that aims to create 6,000 new businesses and up to 10,000 jobs across England, specifically targeting the transfer of public sector employment to the private sector.

The programme offers new start-ups a preparation plan for success via expert support, advice and training. Assistance will commence with an introductory seminar. Individuals will then be invited to participate in the next stage of the programme which includes:

  • One-to-one assessment with an experienced, independent business adviser, with the production of an individual action plan tailored to the individual's business idea.
  • An intensive support programme, including guidance, advice and peer learning, leading to the development of a robust business plan.
  • Dedicated support in an application for external funding.
  • Ongoing support following the launch of the business.

Start-up and pre-start businesses in England are eligible for the support provided through this programme.