Hull is experiencing an impressive rise in the number of start-ups launched in the city – with many launched by young entrepreneurs.
In the past 18 months, more than 200 new businesses have been supported by Hull City Council, with those numbers expected to rise further as the city’s economy continues to recover.
Many of these new businesses will be represented and celebrated at the HullLive Business Awards, which take place on Thursday, November 18 this year.
It gives companies of all sizes – from pioneering start-ups to the giants that drive the region’s economy – the opportunity to be recognised for their hard work and the amazing impact they have on the community.
This year, Hull City Council is proud to be sponsoring the Young Entrepreneur of the Year category, which celebrates people under 30 who have shown high levels of creativity, entrepreneurship, and ambition for the future.
This year’s event sponsors
Through Hull City Council’s efforts to support businesses old and new, it provides a wide range of services including grant funding, business advice, access to specialist services, workshops and start-up business facilities.
And, the council has now launched a new grant scheme which will deliver up to £5,000 for start-up businesses in the city.
The scheme, through government funding, will allow the council to help the local economy’s recovery from the effects of the Covid-19 pandemic whilst supporting business formation and growth.
Nurturing new businesses
The scheme will support start-ups in Hull, many of which are fronted by young entrepreneurs
The scheme is aimed at new Hull businesses formed or registered on or after March 11, 2020. Most businesses eligible for support are expected to receive grants of around £2,000, with a maximum award of £5,000.
The funding can be used for business costs including equipment, business websites, support with rent and ICT-related items.
Councillor Daren Hale, leader of Hull City Council, said: “This is a fantastic opportunity for new businesses in the city to apply for grant funding for a wide range of business costs, giving new businesses a huge boost.
Daren Hale is hoping that the grant scheme will boost the economy post-pandemic
(Image: Neil Holmes Photography)
“Hull has fast become a great place for start-ups. Our business support teams do a brilliant job of helping new businesses to get off to the best possible start.
“All businesses have suffered setbacks due to the effects of the pandemic, but grant delivery like this will not only help out start-ups, it will also deliver a boost for the local economy as we already start to see the green shoots of recovery sprouting through.”
How to apply
Could your start-up benefit from this scheme? Apply today
Businesses wishing to make an application should first complete an online expression of interest form so the team can determine eligibility. Once eligibility is confirmed, a dedicated business advisor will help businesses to develop their application and signpost them to other relevant support.
The closing date for applications is January 31, 2022. The scheme has an end date of March 31, 2022.
Following the launch of a partnership between the council and the Federation of Small Businesses (FSB), more than 50 firms in the city have so far benefited from a range of expert services, resources and opportunities provided through FSB membership.
Announced in April of this year, the council is providing £20,000 of funding to ensure small businesses in Hull can get fully funded membership to the FSB for their first year.
Hull businesses are already taking advantage of the scheme, receiving support from the FSB on subjects including business banking, insurance, legal protection and networking.
About the category
The HullLive Business Awards showcase and celebrate amazing businesses all over the city and the East Riding of Yorkshire, and the inspirational teams of people that make them so successful.
The categories represent businesses from a wide range of sectors and industries, from technology and innovation to green energy and manufacturing.
However, it’s not just businesses that are recognise. The awards also shine a light on individual talent, whether that’s a star employee who has stood out amongst others, or an entrepreneur who has launched a successful business.
The Young Entrepreneur of the Year category will see judges looking for people under the age of 30 who have either set up their own successful business, or had a significant influence in the role they’re in.
Contenders must also have set and achieved objectives within their business plan, and established a position of success and profitability that’s fit for the future.
For more information about Hull City Council and the work it does with businesses, visit the website.
To enter this year’s Business Awards, visit www.HLBusinessawards.co.uk. Closing date: September 26.