Oli Bennett Charitable Trust
Of interest to Organisations dealing with Young People starting a Business
The Oli Bennett Charitable Trust charity aims to help young people, from all backgrounds, get their business ideas off the ground and turned into sustainable, profitable organisations, whatever their scale. The aim is to provide financial support, where other methods of fundraising may have failed, and to offer advice.
Grants will be considered for those applicants aged between 18 and up to 30 years old, and who are UK residents.
The guidance document is designed to assist applicants in making their applications to the Trust.
Applications must include a business plan. Yo ay find it helpful t et tart-up pack which most high street banks have developed and which they make available on request. These contain useful advice and some give examples on how to present a profit and cash forecast.
The Princes Trust website business plan covers the information that they want at: https://www.princes-trust.org.uk/help-for-young-people/tools-resources/business-tools/business-plans
Another alternative is: https://www.gov.uk/write-business-plan
The Trustees prefer to assist in buying a business asset as opposed to providing funds for general expenses.
The Trust supports new or very young businesses rather than assisting with expansion plans for larger businesses.
They do not give grants for training courses
Up to £2,000.