Business insurance provider, Simply Business, has announced that it will be awarding £5,000 each to 10 young entrepreneurs to help start or grow their business through its Young Entrepreneur Fund. The Fund is open to UK residents aged between 18 and 30, with one entry allowed per person and per business. Simply Business launched the Fund in partnership with London-based charity Hatch Enterprise to address gaps in finance and mentoring opportunities that often prevent young entrepreneurs from succeeding.
The deadline for entries is midnight on Thursday 9th October 2025.
Winners will be announced on or before Thursday 20th November 2025. Following the announcement, the winners will begin a compulsory 6-week business support programme in January 2026 before receiving the £5,000 grant.
In addition to the main prizes, 3 runners-up will receive an exclusive mentoring opportunity. Each runner-up will have the opportunity to take up 3 one-to-one mentoring sessions designed to share insights into starting and scaling a successful business at a young age.
Applicants should explain why they deserve to win, what makes their business unique, and how they will use the grant and business support programme to strengthen their venture. Longer responses can be prepared separately and then copied into the application form.
Hatch Enterprise, the charity partner for the Fund, supports underrepresented entrepreneurs to develop the knowledge, confidence, and skills needed to launch and grow a business. The charity, which has supported over 9,000 UK entrepreneurs since 2013 through programmes designed to build skills, knowledge, and confidence for sustainable business growth, is currently looking for passionate, underrepresented entrepreneurs who want to build and grow sustainable and impactful businesses. Further details can be found on the Hatch website.
For more information, please visit the Simply Business website.
