South and East LAG (SEALAG) is pleased to open a call for projects that will support people to establish their own businesses.
Projects can be designed to support people in Cornwall Local Led Development target areas provided they do not already run a business. Business creation may be a response to recent job loss, to supplement existing employment or possibly to achieve a longer term aim of transitioning from employment to self-employment.
CLLD are seeking projects that raise aspiration in eligible participants and recruit them to the delivery of a min of 12 hours interaction where they will learn how to become enterprise ready. It is expected this activity to include the development of thorough understanding about the positives and negatives of running your own business, financial competence, market analysis, business planning, and generally supporting potential entrepreneurs to the point of start-up.
Further support for new enterprises may also be incorporated (additional min of 12 hours interaction) to supplement pre-start support for the new entrepreneurs as they take their first steps as a self-employed individual.
Applicants should demonstrate their understanding of the South and East Cornwall economic context and where they are linking with local organisations for engagement, support and/or legacy purposes. Evidence of innovative thinking and a clear exit strategy demonstrating the lasting impact of the project, will be required.
It is possible that a proportion of participants will have additional training needs that may limit their ability to make the most of the pre-start up business support. This should be taken into account by applicants and consideration given to how they will address this.
Participants may currently be employed, unemployed or inactive, but cannot already own a business.
They are looking for:
- Applicants that can demonstrate flexible delivery methodologies that have different approaches depending on the needs of the participants.
- Linkages between the applicant and other training programmes to facilitate additional skills development for participants as appropriate.
Funding available: £100,000 (European Regional Development Fund – ERDF)
Anticipated outputs: 40x Potential entrepreneurs supported
Maximum intervention rate: 72%
Match funding: from non-EU sources
Deadline for Expressions of Interest: 4pm, Friday 4th September 2020
An online information session will be held at 10am, Thursday 9th July 2020.
Reserve your place: https://selag-support-for-potential-entrepreneurs.eventbrite.co.uk
For more information and guidance documents visit the CLLD website.