Partner Article

RBS opens not-for-profit funding for young enterprise

The Royal Bank of Scotland (RBS) has opened up a second round of funding to not-for-profits in support of youth enterprise.

After giving nearly £500,000 to 18 organisations in the first round the Inspiring Youth Enterprise fund, RBS hopes to give money to schemes that help young people pursue their business ideas.

Not-for-profit organisations can bid for the grant to provide enterprise education and networking events, support young people in setting up a business, or to fund a completely new initiative.

The application window is open for two weeks, and RBS Inspiring Enterprise said it hopes to build up business interest and skills over the next three years within UK communities, as well as helping people to start up their own companies.

Thom Kenrick from RBS Group said: “We want to get more young people interested in enterprise.

“The aim of Inspiring Youth Enterprise is to help 100,000 young people to explore enterprise, develop their enterprising skills and start up in business, whatever their background, by the end of 2015.

“In the first round of funding there were 18 organisations that benefitted from grants totalling almost £500k.

“The steps these organisations take next, to inspire youth enterprise in their community, will help us to achieve our goal.”

This was posted in Bdaily's Members' News section by Miranda Dobson .