The Enterprise Fund re-opens for applications
In recent weeks, UEA shared with you the incredible story of George Bailey, a second-year UEA student who has set up a business turning old fishing nets into spectacles and is now launching the brand with backing from TV personality, Jake Humphrey.
George’s success wouldn’t have been possible without the support of UEA Student Enterprise and the £50,000 funding he received from The Enterprise Fund.
Due to the uncertainty of the past few months, the fund had been closed temporarily, but it’s just been announced that The Enterprise Fund is now open again for submissions. Students and graduates who want to set up their own business can now apply for a £50,000 cash injection.
Accessible for up to five years after graduation, the fund offers one of the largest funding opportunities to students and graduates out of any universities in the UK. No matter what stage a business is at, from £250 - £50,000, the funding can help you to test an idea, launch a venture or secure growth for an enterprise that is already running. Funding could be the make or break for unlocking new opportunities.
Matt Leach, who was awarded £50,000 for his company Geotekk in 2017, said: “Having that initial funding acted as a catalyst to bring in more investors. To date we have raised more than £400,000 and the future of the business looks extremely strong.”
Submissions for the smaller £250 and £2,000 grants are open on a rolling basis and The Enterprise Fund £7,000 grant and £50,000 award are now open for applications - the deadline is Monday 17 August. Find out more on the UEA Student Enterprise webpages.