Investment in Cornwall’s new entrepreneurs gets Objective One support
A project from The Prince’s Trust to get 750 new businesses off the ground in Cornwall has been approved for almost £590,000 in European funding through the Objective One programme.
Cornwall 2001 & Beyond is a six-year project developed by the charity to help young entrepreneurs get a start in business.
In addition to providing funding to help establish businesses, the project will also provide an on-going mentoring service so the new enterprises get the support they need to thrive and grow.
Trust volunteer Lynn Jackson developed the new project with senior area manager Beverley Britton.
Lynn said: “We will be there for the first three years of the life of the business. We want to give the young people we help the best chance possible of proving their enterprise is viable and standing on their own two feet as a business.
“Our target is to ensure 60% of the new businesses are still trading into their third year and another 20% of those involved being able to move on into paid employment or further education or training.”
In addition to a grant through Objective One from the European Regional Development Fund, money for the project has come from The Prince’s Trust, and in-kind contributions from both the private and voluntary sector.
As a registered charity, The Prince’s Trust helps unemployed young people between the ages of 18 and 30 to set up their own small enterprises. It can give loans or grants to individuals who have been refused support from the banks.
Beverley Britton said: “We are passionate about converting untapped potential into real success. In short, young people in Cornwall that are unemployed or underemployed and of limited means can come to The Prince’s Trust for financial help and ongoing support.”
For more information about the project, contact The Prince’s Trust on 01752 251051.
Objective One Partnership Office
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