FITNESS clubs, mobile vet nursing and handwritten marketing letters are some of the money-spinning ideas that have resulted in young entrepreneurs in the Solent being awarded a share of £39,000.
Ten young people, aged 16 to 24, have been awarded funding through the Solent Local Enterprise Partnership’s (LEP) Young Entrepreneur Fund.
The lucky recipients of the funding were unveiled at the Grand Harbour Hotel in Southampton as Solent LEP announced the reopening of the fund.
Now another £60,000 is up for grabs for the most promising of the region’s budding business brains.
Mohammed Khan, from Portsmouth, was one recipient of the fund and is following in the footsteps of his father and grandfather, both of whom run their own businesses.
He has set up Get Fit Sports, a sports academy that runs boxing, dance and football lessons for schools and community groups.
He said: ‘The money from the Young Entrepreneur Fund has helped expand our offering from just boxing lessons to other sports.
‘The fund was quite easy to apply for although I must admit the interview was pretty nerve-racking.
‘I’d definitely suggest that other young business owners research what funding is available to them.’
Chris Allington, a board member of Solent LEP, met the ambitious youngsters at the event.
He said: ‘These young people are the business leaders of tomorrow and we are delighted to be able to give them a head start on their journey.
‘Entrepreneurs are key to the region and indeed the UK’s economic recovery, creating businesses that generate jobs and income long into the future.’
Anyone living in the Solent area aged 16 to 24 with a strong business idea can apply for the next round of funding.
Under Round 2, another £60,000 is up for grabs.
To find out more or to apply, for a share of the cash, visit solentlep.org.uk