Starting a business
Whatever your motivations are to start a business and go self-employed, there is a range of local and national support available to give your business the best possible start.
What to expect
Expect plenty of help to get you started and support you through the early stages. From business planning and market research to managing finances and marketing, you’ll find a wealth of resources and assistance.
National programs provide both local and online support. Additionally local training and support providers can also help you to start a business and help to go self-employed.
Depending on eligibility, training and support providers can help overcome barriers that could make it difficult to go self-employed and can help to connect the dots to help navigate the support to give you the best chance to get your idea off the ground.
Developing your idea
Business Wales provide a comprehensive range of guides and fact sheets on topics such as business planning, market research, marketing, and managing finances. They also offer a Business Online Support Service (BOSS) with interactive courses.
Access their Business Online Support Service: Homepage | BOSS (gov.wales)
Big Ideas Wales is aimed at people under 25, providing workshops and digital guides to help you develop your business ideas. They also offer one-to-one business advisors, entrepreneur mentors and young person start up grant of up to £2000
Explore their route map to starting a business: Starting a business routemap | Business Wales – Big Ideas (gov.wales)
M-Sparc & The Enterprise Hub Provides entrepreneurs with the knowledge, guidance, inspiration and space to transform their idea into a successful business. Their all-new platform MySparc is a digital connection to business support, on your terms, in your own time, in one place. MySparc can help people with ideas, start-ups, and small businesses by linking them to business support agents and dedicated advisors.
Funding opportunities
Grants
Business funding
Startup loans
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Big Ideas Wales | Young Person’s Start Up Grant
The Young Person’s Start Up Grant will enable young people not in education, employment or training to start their own business, create a social enterprise, become self-employed, a freelancer or social entrepreneur in Wales. A grant of up to £2,000 is available to help young people starting a business. To ensure the business has the best possible chance to succeed, the grant will be available alongside a package of support that will include one-to-one advice, webinars to build confidence in business practices and develop plans for starting a business.
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Development Bank of Wales | Large Business Loans
Whether you need finance to improve working capital, accelerate growth, or buy a business, there are loans that can be tailored to fit your requirements. With local account managers providing face-to-face contact and ongoing support, they ensure they understand your business’ specific needs and help you to achieve your potential. They can combine loans and equity finance, and work alongside other finance providers (banks, crowdfunders, grants, investors and other lenders) to provide a bespoke funding package for your business.
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Development Bank of Wales | Green Business Loan Scheme
Whether you’re just starting or continuing your business’s decarbonisation journey, the Green Business Loan Scheme offers an incentivised funding package to support your business. Loans from £1,000 to £1.5m are available, as well as expert advice and funding for energy consultancy.
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Development Bank of Wales | Micro Loans
Development Bank of Wales provide micro loans from £1,000 to £100,000 for start-up growth funding to help you get off the ground or support your early years. If you’re looking for finance to launch your business then a personal cash contribution is usually required. Whatever sector you’re going into, start up loans can help you cover the setup costs.
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Grants
Business funding
Startup loans
Training and support providers
Get in touch with some of the training and support providers in North Wales.
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