Welcome to the John Cracknell Youth Enterprise Bank
The John Cracknell Youth Enterprise Bank is for young people who live in Hull, East Riding and the towns of Malton and Norton on Derwent aged up to and including 21 years old. It offers grants of up to £1,000 for individuals or groups of young people who need finance to help make their idea happen. (More funding will be considered in exceptional circumstances). The idea should benefit other people or help the applicant develop an enterprising idea.
Before you can apply for a grant you will be expected to have at least an IAB Level 1 Computerised Accounting for Business RQF ( this will have to be completed by yourself with Goldings and will be part of your application – the value of this is £199.00) or a relevant qualification that shows you have a knowledge of financial management in a business ( for this we need you to write a few paragraphs up to two pages to demonstrate you have this experience, which will be looked by our financial advisers to see if its suitable)
The Youth Enterprise Bank (YEB) is not just about giving financial support we also offer practical help with developing your business idea. The YEB works closely with Hull City Council. The Youth Enterprise Bank is managed by a group of trustees, chaired by Ron Dickinson and has as it’s President Maureen Foers OBE and Patron Micro Biz Champion Tony Robinson OBE.
To-date over 700 young people have benefited from this source of funding, buying items such as: Computers, Business Stationery, Websites, Business Insurance, Photography Equipment, Bicycle Repair Equipment, Chocolate Making Equipment, Dance costumes for local bands, equipment for mobile hairdressers and much more..
In 2015 the John Cracknell Youth Enterprise Bank won Enterprising Britain and was a runner up in the European Enterprise Promotion Awards