Start-up grants to support new businesses on Anglesey
Those looking to start their own small businesses can apply for the Start-Up Grant.
The grant helps cover the start-up costs of a business during its initial stages, on eligible purchases such as tools, furniture, IT, and advertising.
Applicants will receive guidance to ensure their eligibility for a grant from Môn Communities Forward.
As part of Môn CF's Business Support services, we will help create the documentation needed for each application. This includes writing a business plan and cash flow forecast.
This grant provides an 80% intervention up to a maximum of £2,000 in funding.
Participants must contribute 20%.
Example: For a participant receiving the full £2,000 grant, £500 of their own money must also be invested in the business.
Over
£38,000
Distributed to New Anglesey Businesses in 2024/25
Eligibility Criteria
To be eligible for grant funding, you must meet the following eligibility criteria.
To be eligible for a grant, you must:
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Be aged 16 or older
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Be living on Anglesey
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Register your business on Anglesey
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Have Right to Work documentation (Passport or birth certificate, proof of address, and proof of National Insurance number)
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You must not have started trading before or already be self-employed.
Ineligible Businesses
Some businesses are ineligible for the grant funding and therefore cannot apply.
Ineligible businesses include:
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Aesthetics (Botox, fillers, etc)
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Air B&B's
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Subcontractors
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Received a grant from us previously
Expressions of Interest are Closed
Success Story
Tom from Eryri Flooring speaks to us about what it's like to own your own business.
FAQ - Start-Up Grants
This FAQ provides quick answers to common questions about the Start-Up Grants Scheme. If you are unsure about anything relating to your project, please contact Môn Communities Forward before committing to expenditure.
Who can apply for the £2,000 Start-Up Grant?
Anyone living in Anglesey who is looking to set up a new business can apply. You cannot apply if you are already self-employed or if you have had a previous grant from us.
Does my business have to be based on Anglesey?
Yes, the business must be based on Anglesey and the applicant must live on Anglesey.
Can I apply if I have previously owned or run a business?
Yes, you may still be able to apply if you have previously owned or run a business. However, you cannot apply if you already have a UTR (Unique Taxpayer Reference) number relating to self-employment.
Can I apply if I have registered for my business but have not started trading?
No, you must not have already registered for your business before applying for the grant.
What can I use the grant for?
The grant is intended to help you purchase items and services needed to start your business.
Eligible costs can include equipment, marketing and website costs.
Can I use the grant towards a vehicle?
No. The grant cannot be used towards the purchase of a vehicle.
Can I use the grant to buy stock?
No. The grant cannot be used to purchase stock.
Can I spend the full £2,000 on one item?
No. There is a maximum grant contribution of £1,000 towards any one item.
Do I need quotes for the items I want to purchase?
Yes. Quotes for the items or services you are applying for funding towards will need to be provided as part of your application.
What is the application process?
Once your application has been received, you will have a meeting with a Self-Employment Mentor to discuss your business idea and plans.
If your business idea is considered suitable to progress, you will then work with the mentor to complete a business plan, cashflow forecast and any other required information.
The length of the process will vary for each applicant and will depend on how quickly you are able to complete the required work and provide the information needed.
What happens if my application is successful?
If your application is approved, we will agree to the items or services that the grant will fund.
There are two ways the grant can be paid:
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We can pay the supplier directly for the approved item or service; or
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You can pay for the item or service yourself and claim the money back from us, subject to the agreed grant conditions.
We will explain the payment process and what evidence you need to provide.
What documents will I need to provide?
You will need to provide the information and supporting documents requested as part of the application process. This will include quotes for the items or services you are requesting funding for.