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Young Entrepreneur Scheme

Business Development Tourism and Marketing Committee: Press Release 13th May 2014

The States of Alderney is today announcing the establishment of a scheme to encourage young entrepreneurs to set up in business in Alderney. The scheme is designed to help young people on Alderney start successful businesses with a combination of mentoring from experienced local business people and grant assistance.

The scheme is open to any person 30 years of age or under, living in Alderney, and wishing to start a business here.

The proposed business may be established as a sole trader, partnership or limited company.

There are no exclusions on the type of business which may be supported, provided it is legitimate, and where appropriate licensed by the relevant regulatory body.

All discussions with mentors and the States of Alderney will be treated in confidence, but successful applicants will be expected to indicate 'Supported by the States of Alderney Young Entrepreneur Scheme' on any published material, whether paper or digital.

Grants which may be for £500-£2,000 will be non-repayable, but the decision of the States of Alderney regarding grant applications will be final.

Application Forms may be obtained from the States of Alderney General Office in the Island Hall.

Neil Harvey, Chairman of the Business Development, Tourism and Marketing Committee said: "This is an important step forward for Alderney. As we begin to rebuild our economy, offering assistance to the younger people in our community is a positive move and I am grateful for the support of the local business community in helping us to deliver the scheme. Working in partnership with the community is crucial if we are to deliver a real change in our economy. Many new businesses fail due to the lack of support in the early days and this scheme offers both funding and practical advice from people who have been through it all before."



For further information please email or call 01481 822300