Funding to support 16-25 year olds

Funding to support 16-25 year olds

We are delighted to announce that we have been awarded over £16,000 from Cumbria Community Foundation to help young people in West Cumbria develop their own business.

The funding includes £10,000 from the Beverley Trust Fund and £6,976 from the Live the Dream Fund and will support twenty 16 - 25 year olds, living in the Allerdale and Copeland areas, to access the online training programme and discover how to start their own business.

Annalee Holliday, Grants & Donor Services Officer at Cumbria Community Foundation, said: “It’s thanks to our fundholders and supporters that we are able to provide financial support charitable organisations like TEGVirtual. The past year has been particularly difficult for young people, with many seeing their plans for the future turned upside down. This funding will give them an opportunity to overcome some of the difficulties they might be facing right now by building confidence and gaining new skills that will stand them in good stead as they become young adults, while inspiring a new generation of young entrepreneurs.”

Those young people who gain a funded place on the course will learn about idea validation, accounting, marketing, sales, management, leadership and business development.  They will be encouraged to think about starting their own business with the support of the TEGvirtual team and also have lifetime access to support through the peer-to-peer network.

The unique thing about TEGvirtual is that it is not just a grant to get people started or give a finite amount of support or backing.  This is a lifetime support programme to ensure people set up a business in the right way and continue to grow and make it a success.

The impact of COVID19 is real and a worrying time for young people as exams are cancelled places at university in the balance and competition for jobs or apprenticeships on the rise.  We want to show them that there is an alternative and that running a business could be for them.  We want to inspire future entrepreneurs giving them hope for the future and helping the local Cumbrian economy!  We are so grateful to have received this funding and know it will have a huge impact on those twenty young people’s lives.

TEGvirtual is for all aspiring entrepreneurs not just young people and we are applying for additional pots of funding to support other people.  We want to help those who are unemployed, ex-services, ex-offenders and people affected by COVID-19 who may have sadly lost their jobs. We want to help as many people as we can start and grow their own business so are keen to access more funding to free up more places on the programme.

If you are aged 16-25, live in the Allerdale or Copeland area and have a business idea, we would like to hear from you. 

In the first instance please fill out the application form to find out if you qualify for funding.

What will your ‘word’ for 2021 be?

What will your ‘word’ for 2021 be?

This is an age old solution to a problem we all experience, I urge you to give it a try it might help.

I have been using this little known ‘method’ for a number of years and it really does sharpen your mind and thoughts.

Let’s get started.

Its January 2021 and like most people you have probably made resolutions for this year. They may be things like – start that business, lose weight, get fit and a million other things. But how often do you get to March or April and its back to the same old routines and habits. More often than not is my guess.

Let’s arrive at the same destination just via a different route.

I’ll let you into a secret, I am a very private person and only a handful of people know what I am about to tell you. In November 2019, I suffered a health scare that nearly killed me, in fact for a short time it did! But with the help of some fantastic people, consultants, and doctors I survived. Five stents and two months later I was back to full health. Now I am not telling you this for sympathy, I’m telling you this as a warning and as a direct way to get to your ‘word’. This one event changed my life forever.

So, my word for 2020 was ‘health’, understandably as I didn’t want to go through that experience again.

In January 2020 I made a lot of changes and even more promises to myself and family to live a better life but come February and March I was back to doing the same things I had always done. This was because I felt better than I had for a long time, so I thought I could do even more, I was wrong, and my body was letting me know in no uncertain terms.

When we first heard about Coronavirus no one really took it seriously we all thought it was just another flu like virus, how wrong we were. It has changed our lives forever. I know it has mine.

When the first lockdown happened at the end of March 2020, I admit I was rather pleased as it gave me the chance to recuperate and recharge my batteries. But it also gave me a chance to think about the business and the directions it should be taking.

The first thing I did was hire more people, which gave me the time to recuperate and prepare properly, this was fantastic as it filled the gaps that I had no chance of filling myself and had probably caused a lot of my health problems trying.

I think it gives you a great sense of ‘tribe’ to have people onboard. I think if this virus has taught us anything it’s that we do not thrive in isolation we need people around us to function. Business is no different.

So back to my ‘word’ for 2021.

If 2020 was ‘health’ then 2021 has to be ‘change’.

I know you’re reading this thinking “this is all well and good but how does this affect me?”.

Well instead of making resolutions that we both know you’re going to break in a couple of months’ time why not come up with your ‘word’ to live by for this year?

It could be, and these are examples of words I’ve used in the past:

  • Business – start the business you’ve always wanted to work in
  • Travel – I know this will be later in 2021 but it will come
  • Health – look after yourself so you can live the life you deserve
  • Time – give yourself more time to plan, play and live
  • Lead – become the leader you know you can be. This isn’t just in business!
  • Explore – I love this one as it can lead to so many adventures and yes its totally different to travel
  • People – connect with people you really should work, play and explore with

These are just a few to get you started but please think about your own ‘word’ for this year. How do you find it? Look back through the years and try to remember the times that you did something memorable, it’s easier than you think.

What are you missing in your life? I use the word ‘fulfilment’ a lot in business but it’s just as important in your personal life. Are you fulfilled? If not, how do you fix it?

To find your ‘word’ think about what you want for yourself this year, what do you want for your business? Be selfish as this is about you.

Once you do find it, it will definitely be your ‘word’ for 2021.

There is light at the end of the tunnel, we can see it, so use this time wisely to start your year as you mean to go on…fulfilled.

Have a fantastic day and please leave your comments and thoughts and together we can make 2021 a great year for all of us.